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    48 In-10 Wheatfield, IN 46392

    For Sale
    $1,385,185

    Wheatfield, IN: Strong Retail Investment

    Property size:
    9,180 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents a single-tenant, net-leased Family Dollar store located at 48 IN-10, Wheatfield, Indiana, 46392. The property boasts 9,180 square feet and sits on a 1-story building constructed in 2020. The current lease, a NN+ type, commenced January 1, 2021, and expires March 31, 2031, with a substantial remaining term of 6.4 years. The lease includes six five-year renewal options, each with a 5% rental escalation. The tenant, Family Dollar, is credit-rated, providing strong financial stability. The property offers a compelling 6.75% cap rate based on a net operating income (NOI) of $93,500. The asking price is $1,385,185, translating to a price per square foot of $150.89. Significant structural components, including the roof (with a warranty extending to 2066), foundation, and parking lot, are included in the sale. This presents a secure, long-term investment opportunity in a stable retail sector. The property's location in Wheatfield, Jasper County, Indiana, provides excellent access and visibility. This is a rare opportunity to acquire a well-performing, credit-rated net lease property with significant upside potential.

    Property Features for 48 In-10

    General Information

    Property type
    Individual retail properties
    Square Feet
    9,180 SF

    Building Details

    Year Built
    2020
    Stories
    1
    Units
    1

    HighLights

    • Price: $1,385,185
    • Current Lease Expires: March 31, 2031, with six 5‑year renewal options at 5% annual rent increases
    • Net Operating Income (NOI): $93,500
    • Cap Rate: 6.75%
    • Building Size: 9,180 square feet
    • Tenant Responsibilities (NN): Roof (warranty to 2066), Structure, Foundation, Parking Lot
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Wheatfield
    County
    Jasper
    State
    Indiana
    Longitude
    -87.044618577798
    Latitude
    41.187103555267

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    FAQs

    What type of property is this?
    Individual retail property - Wheatfield, IN: Strong Retail Investment
    Where is this individual retail property located?
    The property is located at 48 In-10 Wheatfield, IN.
    What is the asking price?
    The asking price for this property is $1,385,185.
    What are key features of this property?
    This property features: Price: $1,385,185; Current Lease Expires: March 31, 2031, with six 5-year renewal options at 5% annual rent increases; Net Operating Income (NOI): $93,500
    Request Owner's contact information
    48 In-10 Wheatfield, IN 46392
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    48 In-10 Wheatfield, IN 46392
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