8635 N 300 W - Freestanding FOR SALE


Lake Village, IN 46349
$1,022,000 USD
8635 N 300 W, Lake Village, IN for Sale
$1,022,000 USD
Freestanding - FOR SALE
1/3
null | 9% Cap Rate

8635 N 300 W
Lake Village, IN 46349


OVERVIEW

LOWER RENT & PRICE POINT • The subject property has a low rent which equates to a low price point of $1,022,000. RECENTLY EXTENDED CORPORATE NN LEASE WITH DOLLAR TREE • This Family Dollar Tree has been operating at this location since 2013 and recently extended the lease for an additional 5 years. • Dollar Tree exercised their first option period and increased the rent in July 2023 which extended the lease through June 2028. • There are over 4 years remaining on a corporate guaranteed NN lease with Dollar Tree. • This lease extension & rent increase speaks to Dollar Tree's confidence and dedication to this market & location. • Tenant is responsible for parking lot, taxes, Insurance, HVAC, and Utilities. • There are limited Landlord responsibilities which include only Roof & Structure. • There are 10% rent increases in each of the remaining four, 5-year option periods. INVESTMENT GRADE TENANT • Dollar Tree/Family Dollar is a publicly traded (NYSE: DLTR) Fortune 500 company with an S&P investment grade credit rating of BBB. • Dollar Tree/Family Dollar operate 16,340+ stores across 48 states and five Canadian provinces. • Dollar Tree has been in business for 70 years and has a current net worth of over $33 billion. CHICAGO MSA | LARGEST CITY IN IL • Lake Village is located an hour south of Chicago on Highway 41 and is a part of the MSA. • Chicago is the largest city in Illinois and the third largest city in the United States with a population over 2.6 million. • Multiple DOW 30 companies are based in Chicago including Boeing, McDonald’s, Walgreens and more. • Chicago has been named the “Best Sports City” for multiple years for being home to the Chicago Bears, Chicago Cubs, Chicago Blackhawks, the Chicago Bulls and many more. • Home to multiple reputable universities including Northwestern University (21,000 students), The University of Chicago (14,467 students), Loyola University of Chicago (16,437 students) and many more. • Home to the second busiest airport in the world, O’Hare International Airport, that serves over 85 Million passengers per year

FOR SALE DETAILS

PRICE

$1,022,000 USD

PRICE/SF

$75 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar | Recent Lease Extension

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.33 AC

LAND SF

145,055 SF

ZONING

-

APN/PARCEL ID

56-04-22-223-003.000-012

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