1320 Maple Ave - Freestanding FOR SALE


Terre Haute, IN 47804
$1,970,000 USD
312-777-2442
1320 Maple Ave, Terre Haute, IN for Sale
$1,970,000 USD
Freestanding - FOR SALE
1/4
null | 7.15% Cap Rate

1320 Maple Ave
Terre Haute, IN 47804


HIGHLIGHTS

  • Brand-New 10-Year Lease
  • Corporately Guaranteed - Dollar Tree, Inc. (S&P: BBB)
  • Great Access with a Signalized Hard Corner & High Traffic
  • Strong Neighborhood Location with Dense Population
  • Less Than 1 Mile from Union Hospital

OVERVIEW

Northmarq, on behalf of ownership as its exclusive advisor, is pleased to offer for sale the fee simple interest located at 1320 Maple Avenue, Terre Haute, IN (the “Property”). Encompassing ±10,241 SF on ±1.17 acres, the Property was first built in 2000 and has been remodeled in 2024 and is now occupied by Dollar Tree. Dollar Tree is operating under a brand-new 10-year lease NN expense structure with limited landlord responsibilities. The lease also includes $0.50 per square foot rental increases at the beginning of each option. The lease is signed by Dollar Tree Stores, Inc. and carries the full corporate guaranty. Dollar Tree is an investment grade tenant rated BBB by S&P. Dollar Tree operates 16,300+ locations across 48 states and reported revenue of $16.78+ billion in 2024. The Property benefits from its location in Terre Haute, which is located along I-70 in between St. Louis and Indianapolis. The Property is sandwiched between two signalized intersections and features three access points. More than 35K+ VPD pass by the site on a daily basis. The Property is well located for Dollar Tree with 16K+ households to support it. In Association With: Tom Fritz, IN #RB14048630

FOR SALE DETAILS

PRICE

$1,970,000 USD

PRICE/SF

$157 USD /SF

CAP RATE

7.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar Tree

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Freestanding, Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.33 AC

LAND SF

101,495 SF

ZONING

C-5

APN/PARCEL ID

84-06-10-460-019.000-002,84-06-10-460-028.000-002

ASK ABOUT THIS PROPERTY

Matt SpangenbergNorthmarqMore Info
312-777-2442

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Matt SpangenbergNorthmarqMore Info
312-777-2442

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