110 S State Road 135 - Freestanding FOR SALE


Trafalgar, IN 46181
$624,500 USD
317-218-5314
110 S State Road 135, Trafalgar, IN for Sale
$624,500 USD
Freestanding - FOR SALE
1/4
null | 7.35% Cap Rate

110 S State Road 135
Trafalgar, IN 46181


HIGHLIGHTS

  • 4.33 Years Remaining on NN Lease with Corporate Guaranty | Four Five-Year Renewal Options
  • Site Features a Metal Roof | Landlord Applied a Metal Coating in 2019 with a 10-Year Warranty
  • Landlord-Friendly Lease Language | Tenant Directly Pays for Some Maintenance

OVERVIEW

4.33 Years Remaining on NN Lease with Corporate Guaranty | Four Five-Year Renewal Options Site Features a Metal Roof | Landlord Applied a Metal Coating in 2019 with a 10-Year Warranty Frontage on IN-135 (12,668 VPD) | Main Artery that Runs Directly North to Indianapolis | Easy Ingress/Egress | 0.25 Miles from the Signalized Crossroads of SR 135 and SR 252 (Combined VPD 20,963) Landlord-Friendly Lease Language | Tenant Directly Pays for Routine Parking Lot Maintenance, Sweeping and Seasonal Snow Plowing of Parking Areas, Maintenance of Existing Landscaping, and Routine Dock Maintenance Nearby National Retailers Include Newly Developed Taco Bell, CVS Pharmacy, McDonald’s, Dairy Queen Grill & Chill, Speedway, Casey’s General Store, Edward Jones, and Subway Surrounded by Neighborhood Areas | Located Adjacent to New Arbor Homes Development, Wood Preserve, with 140 Single-Family Units North of Indian Creek School Campus, Which Includes the High School, Middle School, Intermediate School, and Elementary School with over 2,000 Students and Staff Affluent, Growing Suburb of Indianapolis | Three-Mile Population Growth: 16.4% Since 2010 | Part of the Indianapolis MSA with a Population of 2.1 Million | Indianapolis is the 16th Largest City in the United States Investment-Grade Tenant: Dollar Tree (Nasdaq: DLTR) has a BBB Rating (S&P) and is Ranked #137 on Fortune 500 List | Company Revenues in 2023 Were $28.3 Billion

FOR SALE DETAILS

PRICE

$624,500 USD

PRICE/SF

$68 USD /SF

CAP RATE

7.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar Tree | Indianapolis, IN MSA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

3.69 AC

LAND SF

160,736 SF

ZONING

C1, C2

APN/PARCEL ID

41-10-11-011-007.000-016

ASK ABOUT THIS PROPERTY

Damien YoderMarcus & MillichapMore Info
317-218-5314

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Damien YoderMarcus & MillichapMore Info
317-218-5314

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