1005 Main St - Convenience Store FOR SALE


Palmyra, IN 47164
$1,733,000 USD
310-793-6069
1005 Main St, Palmyra, IN for Sale
$1,733,000 USD
Convenience Store - FOR SALE
1/7
null | 6.82% Cap Rate

1005 Main St
Palmyra, IN 47164


HIGHLIGHTS

  • 2023 Build to Suit Family Dollar | Dollar Tree combo store (now Family Dollar)
  • Strong traffic counts with 7,550+ VPD.
  • Located only 20 miles from downtown Louisville, KY.
  • Family Dollar was an investment grade tenant (S&P: BBB) before being taken private in 2025 after its acquisition.

OVERVIEW

Transwestern National Net Lease | Sale Leaseback Group is pleased to present for sale a fee simple interest in a single tenant, Family Dollar located 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 was acquired in 2025 by Brigade Capital Management, Macellum Capital Management and Arkhouse Management who took the brand private as a standalone company again. Headquartered in Chesapeake, VA Family Dollar’s fiscal sales for 2023 exceeded $11 Billion and they currently operate more than 7,500 locations. Broker of Record Brad Teitelbaum Bellagio Real Estate Partners IN Lic#RB20001341

FOR SALE DETAILS

PRICE

$1,733,000 USD

PRICE/SF

$165 USD /SF

CAP RATE

6.82%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar

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

0.98 AC

LAND SF

42,863 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 Notice.