501 E National Ave - Drug Store FOR SALE


Brazil, IN 47834
$2,231,000 USD
415-231-5231
501 E National Ave, Brazil, IN for Sale
$2,231,000 USD
Drug Store - FOR SALE
1/5
null | 7.25% Cap Rate

501 E National Ave
Brazil, IN 47834


HIGHLIGHTS

  • New 10 Year Lease | Options To Extend | Scheduled Increases | Corporate Guaranteed | Brand New 15-Year Roof Warranty
  • NN | Fee Simple Ownership | Limited Landlord Responsibilities
  • Excellent Visibility & Access | Signalized, Hard Corner Intersection E. National Ave (17,500 VPD) | Retail Corridor
  • Strong Demographics In 5-Mile Trade Area | Direct Consumer Base

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a freestanding, corporate guaranteed Dollar Tree investment property located in Brazil, Indiana. The tenant, Dollar Tree Stores, Inc., recently signed a brand new 10 year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features variable rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NN with limited landlord responsibilities making it an ideal investment opportunity for a passive investor. The property features a brand new roof with a 15 year warranty.

FOR SALE DETAILS

PRICE

$2,231,000 USD

PRICE/SF

$152 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar Tree | New 10yr Corp NN w/ Incrs

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

45

LAND DETAILS

LAND ACRES

1.26 AC

LAND SF

54,886 SF

ZONING

GB

APN/PARCEL ID

11-01-31-300-112.000-002

ASK ABOUT THIS PROPERTY

Jeff GatesSRS Real Estate PartnersMore Info
415-231-5231

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Jeff GatesSRS Real Estate PartnersMore Info
415-231-5231

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