FAMILY DOLLAR INDIANAPOLIS, IN Executive …...930 E WASHINGTON STREET, SUITE 200 | INDIANAPOLIS, IN...
Transcript of FAMILY DOLLAR INDIANAPOLIS, IN Executive …...930 E WASHINGTON STREET, SUITE 200 | INDIANAPOLIS, IN...
930 E WASHINGTON STREET, SUITE 200 | INDIANAPOLIS, IN 46202
Creighton Shook Rob CoombesCCommerommercial Brcial Brokokerer CCommerommercial Brcial Brokokerer(O) 317.249.9000 (O) 317.249.9000
PROPERTY OPROPERTY OVERVERVIEWVIEW
The subject property is a freestanding Family Dollar Store situated on .626 acreslocated at 715 E 38th street in Indianapolis, Indiana. No matter the state of theeconomy, Family Dollar is a proven high credit tenant that pays its rent. Asidefrom the consistent cash flow, the apreciation of land along the Indianapolis RedLine should not be overlooked.
PROPERTY HIGHLIGHTPROPERTY HIGHLIGHTSS
• NN lease to Family Dollar corporate with very little LL responsibilities
• 7 years remaining on original 10 year lease
• 5% rental increase in 2 years
• (6) 5 year renewal option with 5% rental increases in each
• Direct accesses to the Indianapolis Redline and IndyGo with 50,000+ Vehiclesper day
• Strong IndyGo public transit servicing intersection
• Less then a block from the closest Red Line stop
OFFERING SUMMAROFFERING SUMMARYY
Sale Price: $1,218,750
Building Size: 9,768 SF
Price / SF: $124.77
Cap Rate: 6.4%
NOI: $78,000
Year Built: 1930
Renovated: 2008
Zoning: Commercial C-3
Market: Indianapolis
Submarket: Midtown
FFAMILAMILY DOLLARY DOLLAR INDIANAPOLIS, ININDIANAPOLIS, IN Executive Summary
930 E WASHINGTON STREET, SUITE 200 | INDIANAPOLIS, IN 46202
Creighton Shook Rob CoombesCCommerommercial Brcial Brokokerer CCommerommercial Brcial Brokokerer(O) 317.249.9000 (O) 317.249.9000
FFAMILAMILY DOLLARY DOLLAR INDIANAPOLIS, ININDIANAPOLIS, IN Additional Photos
930 E WASHINGTON STREET, SUITE 200 | INDIANAPOLIS, IN 46202
Creighton Shook Rob CoombesCCommerommercial Brcial Brokokerer CCommerommercial Brcial Brokokerer(O) 317.249.9000 (O) 317.249.9000
LLOCAOCATION OTION OVERVERVIEWVIEW
This single-tenant Family Dollar is located on thesoutheast corner of 38th Street and College Avenue. Thislocation is situated on an integral point of the brand newIndianapolis transit system, the Red Line. The Red Lineservices individuals from the northern reaches of theIndianapolis area to the cities downtown epicenter. Thisalong with a more than 35,000 traffic count makes for anexceedingly visible piece of land. This family dollar alsodraws from its adjacent neighborhoods. The Indiana statefair grounds brings in people from all around the state,while Crown Hill, the Meridian and Fall Creek PkwyCorridor and Mapleton communities provide FamilyDollar shoppers year round. Bank of America, Rallies,Divita and Dollar General are adjacent buildings that takeadvantage of these economics.
FFAMILAMILY DOLLARY DOLLAR INDIANAPOLIS, ININDIANAPOLIS, IN Location Maps
930 E WASHINGTON STREET, SUITE 200 | INDIANAPOLIS, IN 46202
Creighton Shook Rob CoombesCCommerommercial Brcial Brokokerer CCommerommercial Brcial Brokokerer(O) 317.249.9000 (O) 317.249.9000
FFAMILAMILY DOLLARY DOLLAR INDIANAPOLIS, ININDIANAPOLIS, IN Custom Page FD
930 E WASHINGTON STREET, SUITE 200 | INDIANAPOLIS, IN 46202
Creighton Shook Rob CoombesCCommerommercial Brcial Brokokerer CCommerommercial Brcial Brokokerer(O) 317.249.9000 (O) 317.249.9000
POPULAPOPULATIONTION 1 MILE1 MILE 3 MILES3 MILES 5 MILES5 MILES
Total Population 15,264 105,965 250,283
Average age 36.2 33.5 34.5
Average age (Male) 34.6 31.6 33.0
Average age (Female) 37.5 35.3 36.3
HOUSEHOLDHOUSEHOLDS & INCS & INCOMEOME 1 MILE1 MILE 3 MILES3 MILES 5 MILES5 MILES
Total households 6,358 45,082 104,631
# of persons per HH 2.4 2.4 2.4
Average HH income $49,788 $55,118 $55,968
Average house value $182,533 $178,082 $162,124
* Demographic data derived from 2010 US Census
FFAMILAMILY DOLLARY DOLLAR INDIANAPOLIS, ININDIANAPOLIS, INDemographics Map &
Report