813 Marion St Converse, IN 46919

This 10,500 square foot, single-story retail building in Converse, Indiana, presents a compelling investment opportunity. Built in 2024, it's a fee-simple property on a one-acre lot, currently 100% occupied by a Family Dollar Tree combo store under a corporate-guaranteed, net lease. The initial 10-year lease commenced April 15, 2024, and includes four, five-year renewal options, each with a $5,250 rent increase. The property boasts a 7.85% cap rate and a strong NOI of $135,975. The tenant, a credit-rated, investment-grade entity, benefits from the combined strength of Dollar General and Dollar Tree, two major discount retailers. The location, approximately 11 miles east of Marion and 20 miles southwest of Kokomo, enjoys an average household income of $86,954 within a 10-mile radius. The building includes a 20-year roof warranty. This is a rare opportunity to acquire a high-performing, low-risk retail investment with significant upside potential. The property's combination store format has demonstrated a 20% higher sales volume compared to non-co-branded stores. The lease expires April 30, 2034, leaving 9.5 years remaining on the initial term.