106 S Columbia St | Union City, IN 47390
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106 S Columbia St
Union City, IN 47390
Family Dollar | Dollar Tree · Retail Property For Sale
Investment Highlights
- Attractive Rent Increases
- Investment Grade Credit
- Minimal Landlord Responsibilites
- Strategic Retail Location
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a freestanding Family Dollar | Dollar Tree investment property located at 106 S Columbia Street in Union City, Indiana (the “Property”). Family Dollar | Dollar Tree has 7+ years remaining on their lease with four (4), 5-year renewal options. The lease features attractive rent increases at the start of each renewal option. Family Dollar | Dollar Tree is well located at the signalized intersection of Columbia Street (IN Route 28) and W Chestnut Street (IN Route 32), the area’s primary commercial and commuter corridors, and is seconds from IN Routes 47 and 571. The Property enjoys outstanding frontage and visibility and is across the street from McDonald’s, within 500 feet of the town’s municipal offices, and is less than 1-mile from the Union City schools (elementary, junior high, and high schools). Union City is located in eastern Indiana, on the border with Ohio, and is 85-miles from Indianapolis and Cincinnati, and 100 miles from Columbus, OH.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
12,000 SF
Building Class
C
Year Built/Renovated
1999/2022
Price
$1,424,160
Price Per SF
$119
Cap Rate
7.50%
NOI
$106,812
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.44 AC
Opportunity Zone
Yes
Zoning
C - Commercial
Parking
51 Spaces (4.25 Spaces per 1,000 SF Leased)
Frontage
147 FT on South Columbia Street
PROPERTY TAXES
Parcel Number | 68-02-25-475-018.000-019 | Improvements Assessment | $614,600 |
Land Assessment | $23,700 | Total Assessment | $638,300 |
PROPERTY TAXES
Parcel Number
68-02-25-475-018.000-019
Land Assessment
$23,700
Improvements Assessment
$614,600
Total Assessment
$638,300
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