8760 Southeastern Ave Indianapolis, IN 46239
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High-yield retail investment; strong tenant.
Property size:
9,600 SFProperty Features for 8760 Southeastern Ave
General Information
- Property type
- Individual retail properties
- Square Feet
- 9,600 SF
- Lot Size
- 36,155 SF
Building Details
- Year Built
- 1988
- Buildings
- 1
- Stories
- 1
- Units
- 1
Listing Agency: Exclusive Realty Listing Agent: Steve Sagmani
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional investment opportunity presents a 9,600 square foot free-standing Dollar General store in Indianapolis, Indiana. The property boasts a strong 6.31% cap rate, a Net Lease with minimal landlord responsibilities, and a corporate guaranteed lease with 3.8 years remaining and two 5-year options at 7% rent bumps. Built in 1988, the single-story building sits on a 0.83-acre lot with 22 parking spaces and is located in a densely populated area with over 41,000 residents and an average household income exceeding $114,000 within a 3-mile radius. The property's C4 zoning and prime location within a vibrant commercial district contribute to its significant potential for growth and strong returns. The $1,055,000 asking price reflects a Net Operating Income (NOI) of $66,600. This is an ideal addition to any retail portfolio seeking stability and growth potential. The lease commenced September 1, 2020, and expires August 31, 2028. The property features one building with a total of 9,600 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Dollar General
Discount Store
Western Union
Bank
Location Insight
- Map
- Local Demand
- City
- Indianapolis
- County
- Marion
- State
- Indiana
- Longitude
- -86.0115577
- Latitude
- 39.7062471
Nearby Similar for Sale
FAQs
What type of property is this?
Individual retail property - High-yield retail investment; strong tenant.
Where is this individual retail property located?
The property is located at 8760 Southeastern Ave Indianapolis, IN.
What is the asking price?
The asking price for this property is $1,055,000.
What are key features of this property?
This property features: 9,600 SF free-standing Dollar General building on a 0.83-acre lot.; Net lease with corporate guarantee; minimal landlord responsibilities.; Built in 1988; 8-year lease with 2 (5-year) options; 3.8 years remaining.
