119 N Meridian St | Sunman, IN 47041
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119 N Meridian St
Sunman, IN 47041
Abs. NNN Lease w/ 10% Increase · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 10.50-Years remaining on the base term of an initial 15-Year lease
- 10% rent increase in the base term of the lease (cap rate will increase to 6.60% on 10/1/2026)
- Corporately guaranteed lease from Family Dollar
- 2016 build-to-suit construction for Family Dollar
- Extremely rare Absolute NNN lease with zero management responsibilities
- Family Dollar has thrived through the COVID pandemic with a share increase in same store sales and profitability
PROPERTY FACTS
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,180 SF
Building Class
B
Year Built
2006
Tenancy
Single
Building Height
1 Story
Building FAR
0.33
Lot Size
0.64 AC
Zoning
Commercial
Parking
70 Spaces (7.63 Spaces per 1,000 SF Leased)
Frontage
259’ on North Meridian Street
PROPERTY TAXES
| Parcel Number | 69-07-09-333-051.000-004 | Improvements Assessment | $781,200 |
| Land Assessment | $35,300 | Total Assessment | $816,500 |
PROPERTY TAXES
Parcel Number
69-07-09-333-051.000-004
Land Assessment
$35,300
Improvements Assessment
$781,200
Total Assessment
$816,500
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