Camby Rd Indianapolis, IN 46113

Property Details for 0 Camby Rd

Year built

2024

Lot size

1.48 lot acres

Property size

10,566 SF

Property type

Retail properties

Property subtype

Retail space

Description

This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 10,566-square-foot Dollar General Plus store in Camby, Indiana, a rapidly growing suburb of Indianapolis. Located on Camby Rd, near the intersection of Kentucky Avenue, this highly visible property benefits from significant daily traffic counts (33,884 vehicles on Kentucky Avenue and 5,405 on Camby Road). The store boasts an upgraded architectural design and is situated within a thriving retail area, adjacent to a shopping center anchored by Dunkin' Donuts and Papa John's Pizza, and across from a Circle K. The property features 40 parking spaces and sits on a 1.48-acre lot. Secured by a 15.1-year absolute NNN lease commencing August 15, 2024, and expiring August 31, 2039, this investment offers exceptional stability with zero landlord responsibilities. The lease includes five 5-year renewal options, each with a 5% rent increase, ensuring consistent income growth. The tenant, Dollar General Corporation, holds an investment-grade credit rating of "BBB," providing further security. The strong demographics of the area, with a one-mile average household income of $80,262 and a five-mile population of 61,649, further solidify the investment's potential. The property's current NOI is $144,479, yielding a 6.50% cap rate at the asking price of $2,222,760. This is a prime opportunity for a 1031 exchange or passive investor seeking a secure, high-performing retail investment. The building was constructed in 2024 and is a single-story structure with commercial zoning.

Location Insight

City

Indianapolis

County

Marion

State

Indiana

Longitude

-86.298

Latitude

39.6621