Family Dollar for Sale in Converse, IN
Converse, IN
Key Investment Metrics
Price
$1,599,706
Cap Rate
8.5%
Net Operating Income
$135,975
Building Size
10500 SF
Land Area
1 Acres
Remaining Term
8 years
Lease Expiration
04/30/2034
Lease Term
10 years
Lease Commencement
04/15/2024
Lease Type
NN+
Tenant Credit
Credit Rated, Corporate Guarantee
Year Built
2024
Occupancy
100%
Tenancy
Single
Rent Increases
$5,250 ($0.50/SF) In Options
AI illustration · Not the listed propertyProperty overview
Family Dollar in Converse
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 10,500 SF
- Land area
- 1 acres
- Year built
- 2024
- Lease type
- NN+
- Lease expiration
- 04/30/2034
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.