1005 Main St - Convenience Store FOR SALE


Palmyra, IN 47164
$1,775,000 USD
310-793-6069
1005 Main St, Palmyra, IN for Sale
$1,775,000 USD
Convenience Store - FOR SALE
1/7
null | 6.65% Cap Rate

1005 Main St
Palmyra, IN 47164


HIGHLIGHTS

  • 2023 Build to Suit Family Dollar | Dollar Tree combo store.
  • Strong traffic counts with 7,550+ VPD.
  • Located only 20 miles from downtown Louisville, KY.
  • Family Dollar is a publicly traded company (NYSE: FDO) and an investment grade tenant (S&P: BBB)

OVERVIEW

Transwestern National Net Lease | Sale Leaseback Group is pleased to present for sale a fee simple interest in a Family Dollar | Dollar Tree Combo Store property in Palmyra, Indiana. The building was build to suit in 2023 and consists of 10,500 square feet on 1.14 acres. Family Dollar’s lease commenced on 9/14/2023 and there are 8 years remaining on the primary term. The property sits on a high traffic street, with daily vehicle counts of 7,550. Located only 20 miles from downtown Louisville, KY, Palmyra has experienced steady population growth for a rural community, with easy access to a bustling major metropolitan area. With a cost of living 10% below the national average, the Louisville MSA has had an influx of new businesses and residents, growing their population to over 1.36M. Family Dollar is a publicly traded company (NYSE: FDO) and an investment grade tenant (S&P: BBB). Headquartered in Chesapeake, VA Family Dollar’s fiscal sales for 2023 exceeded $30.6 Billion and they currently operate more than 16,000 locations. Broker of Record Brad Teitelbaum Bellagio Real Estate Partners IN Lic#RB20001341

FOR SALE DETAILS

PRICE

$1,775,000 USD

PRICE/SF

$169 USD /SF

CAP RATE

6.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar | Dollar Tree Combo Store

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Drug Store, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

31-03-19-478-010.000-014

ASK ABOUT THIS PROPERTY

CJ BrillTranswestern Real Estate ServicesMore Info
310-793-6069

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CJ BrillTranswestern Real Estate ServicesMore Info
310-793-6069

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.