1707 Main St Rushville, IN 46173-1282
- Retail space
- 9,984 SF
- 1.36 lot acres
Current Use by Public Records
- Dollar Tree / Party Store / Variety Store
Property Details for 1707 Main St
- Year built
- 2016
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 1.36 lot acres
- Property size
- 9,984 SF
- Property type
- Retail space
- APN
- 70-07-30-476-005.000-011
- APU
- 700730476005000011
Description
This fee-simple retail property offers a compelling investment opportunity. The 9,973 square-foot building, constructed in 2016, is currently 100% occupied by a Dollar Tree under a Net Lease agreement. The lease, which commenced January 31, 2016, has a remaining term of approximately 6.2 years, extending to January 31, 2031. The lease includes three, five-year renewal options with a 5% rent increase in each option period. The property boasts a strong 7.50% cap rate, based on a net operating income (NOI) of $99,730, and a price per square foot of $133.36. Landlord responsibilities are minimal, limited to roof and structure maintenance. The tenant, Dollar Tree, is credit-rated and backed by a corporate guarantee, providing significant financial security. Situated on a 1.36-acre lot at 1707 N Main St, Rushville, IN 46173, the property benefits from a high-traffic location with over 10,300 vehicles passing daily. The property is conveniently located near other established retailers, including Taco Bell and Tractor Supply. This is a single-tenant, single-unit property offering a stable, long-term investment with a strong tenant and favorable lease terms.
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
- Rushville
- County
- Rush
- State
- Indiana
- Longitude
- -85.4454
- Latitude
- 39.6271
