136 Us Highway 27 Liberty, IN 47353
- Retail properties
- 10,500 SF
- 2.05 lot acres
Current Use by Public Records
- Family Dollar / Dollar Store / Clothing Store
Property Details for 136 Us Highway 27
- Year built
- 2023
- Lot size
- 2.05 lot acres
- Property size
- 10,500 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a 10,500-square-foot, single-tenant retail building situated on a 2.05-acre lot in Liberty, Indiana. The property, constructed in 2023, boasts a 10-year net lease (NN+) with a corporate guarantee from Dollar Tree and Family Dollar, commencing January 21, 2024, and expiring January 31, 2034. The lease includes 3-5 year renewal options, ensuring long-term stability. The property enjoys 100% occupancy and generates a substantial net operating income (NOI) of $135,400, translating to a compelling 7.65% cap rate. The asking price is $1,770,000, or $168.57 per square foot. The strategically located property, at 136 US Hwy 27, benefits from high visibility and traffic counts of 3,608 vehicles per day. Ample parking is provided with 44 spaces. The property is a dual-branded format, known for increased sales compared to single-brand stores in smaller markets. The surrounding area offers a strong demographic profile, with an average household income within a 5-mile radius exceeding $91,168. Liberty serves as the county seat of Union County, Indiana, and enjoys proximity to recreational areas such as Whitewater Memorial State Campground, Brookville Lake, and Hueston Woods State Park, as well as Miami University (13 miles away). This property is ideal for individual investors or portfolio additions.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Liberty
- County
- Union
- State
- Indiana
- Longitude
- -84.9198
- Latitude
- 39.6312
