Current Use by Public Records
- Retail properties & Spaces
Property Details for 48 In-10
- Year built
- 2020
- Property type
- Retail properties & Spaces
- Property subtype
- Retail space
Description
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Wheatfield
- County
- Jasper
- State
- Indiana
- Longitude
- -87.0446
- Latitude
- 41.1871
