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Family Dollar - Indianapolis, IN 715 E 38th St

10,000 SF Retail Building Indianapolis, IN 46205 $1,195,000 ($120/SF) 6.85% Cap Rate

Investment Highlights

  • Dense Residential Area
  • Six Options to Renew With 5 Percent Increases for Each Option
  • Indiana State Fairgrounds and Event Center 0.3 Miles Away
  • Favorable Placer.AI Ranking
  • Nearby Signalized Intersection of East 38th Street (20,166 Vehicles Per Day) and North College Avenue (15,359 Vehicles Per Day)

Executive Summary

• Dense Residential Area
• Favorable Placer.AI Ranking
• Six Options to Renew With 5 Percent Increases for Each Option
• Nearby Signalized Intersection of East 38th Street (20,166 Vehicles Per Day) and North College Avenue (15,359 Vehicles Per Day)
• Indiana State Fairgrounds and Event Center 0.3 Miles Away

Data Room Click Here to Access

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,000 SF
Building Class
C
Year Built/Renovated
1930/2008
Price
$1,195,000
Price Per SF
$120
Cap Rate
6.85%
NOI
$81,900
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.38
Land Acres
0.60 AC
Zoning
retail
Parking
55 Spaces (5.5 Spaces per 1,000 SF Leased)
Frontage
137 FT on Carrollton Ave

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Retailer
  • -
  • -
  • Lorem Ipsum
  • Jan 0000

Family Dollar is a place to shop when it comes to delivering quality and value on family essentials in a convenient location. Their stores are conveniently located in neighborhoods, and often in "food deserts" where other stores choose not to locate, providing a convenient, close-to-home option where customers can shop for essentials. By locating stores in places where others won’t, Family Dollar is improving the affordability and availability of essential goods. They are saving their customers time and money and helping them do more, even on a tight budget. Their Family Dollar stores focus on delivering top value for family essentials. They offer competitively-priced national brands from leading manufacturers alongside brand-name, equivalent-value, lower-priced private labels. Their aisles are stocked with food and beverages, paper products, health & beauty supplies, pet food, home products, apparel and accessories, etc.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Retailer - - Lorem Ipsum Jan 0000

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
49-06-24-124-016.000-101
Land Assessment
$131,300
Improvements Assessment
$418,000
Total Assessment
$549,300
  • Listing ID: 32693283

  • Date on Market: 8/5/2024

  • Last Updated:

  • Address: 715 E 38th St, Indianapolis, IN 46205

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