701 N Market St
Monon, IN 47959

Marcus & Millichap is proud to exclusively present for sale this net-leased Family Dollar located in Monon, Indiana. The subject property is approximately 8,000 square feet and sits on about .85 acres, with excellent exposure at the corner of U.S. Route 421 and W Broadway Street. Despite the small size of the market, this Family Dollar has a surrounding population of over 3,168 people within five miles, and thrives on the lack of competition from both discount stores and big box grocery stores nearby. Monon is just 30 miles from Lafayette, Indiana, which is the 11th largest city in Indiana and is the economic and cultural hub of the eastern Illinois-Indiana region. The greater Lafayette Metropolitan Statistical Area, which includes West Lafayette, has a population of roughly 156,159 residents and is strategically located within 200 miles of four major US cities, Indianapolis, Chicago, Detroit, and Milwaukee. Lafayette and West Lafayette are separated on either side of the scenic Wabash River. West Lafayette, on the west side of the Wabash River, is home to Purdue University which is one of the largest four-year universities in the country. The build-to-suit construction for Family Dollar was completed in 2007, with Family Dollar signing an original 10 year lease. Family Dollar elected to exercise their first five-year option, illustrating their commitment and success at this location. There is a rent increase scheduled for January 2023, and additional 10 percent rent increases in each of the four remaining five-year options. The tenant reimburses for real estate taxes, insurance, and is responsible for HVAC repair, maintenance, and replacement leaving the landlord only responsible for the roof and structure of the building. This Family Dollar location dominates the Monon market with a complete lack of competition from any discount store for 14 miles.