813 E Marion St - Freestanding FOR SALE
Converse, IN 46919 |
$1,648,181 USD
214-692-2289
813 E Marion St
Converse, IN 46919
HIGHLIGHTS
- Brand-new 2024 build-to-suit construction specifically for Family Dollar, delivering modern facilities with minimal near-term capital needs.
- ±8.25 years remaining on an initial 10-year lease, providing strong income visibility and stability.
- Four (4), 5-year renewal options, each with a $5,250 annual rent increase ($0.50/SF), ensuring predictable cash flow growth.
- Full corporate guarantee from Family Dollar (Dollar Tree, Inc.), offering investment-grade credit quality and payment reliability.
- Average household income of $86,954 annually within a 10-mile radius, supporting consistent essential retail demand.
- Converse is located ±11 miles east of Marion and ±20 miles southwest of Kokomo, placing the property in an accessible, growing submarket.
FOR SALE DETAILS
PRICE
$1,648,181 USD
PRICE/SF
$157 USD /SF
CAP RATE
8.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2024
SPRINKLERS
-
PARKING SPACES
19
LAND DETAILS
LAND ACRES
1 AC
LAND SF
43,560 SF
ZONING
-
APN/PARCEL ID
52-16-32-100-049.000-011
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214-692-2289
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214-692-2289
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