For Sale
$1,055,000

8760 Southeastern Ave Indianapolis, IN 46239

High-yield retail investment; strong tenant.

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a 9,600 square foot free-standing Dollar General store in Indianapolis, Indiana. The property boasts a strong 6.31% cap rate, a Net Lease with minimal landlord responsibilities, and a corporate guaranteed lease with 3.8 years remaining and two 5-year options at 7% rent bumps. Built in 1988, the single-story building sits on a 0.83-acre lot with 22 parking spaces and is located in a densely populated area with over 41,000 residents and an average household income exceeding $114,000 within a 3-mile radius. The property's C4 zoning and prime location within a vibrant commercial district contribute to its significant potential for growth and strong returns. The $1,055,000 asking price reflects a Net Operating Income (NOI) of $66,600. This is an ideal addition to any retail portfolio seeking stability and growth potential. The lease commenced September 1, 2020, and expires August 31, 2028. The property features one building with a total of 9,600 square feet.

Highlights

  • 9,600 SF free-standing Dollar General building on a 0.83-acre lot.
  • Net lease with corporate guarantee; minimal landlord responsibilities.
  • Built in 1988; 8-year lease with 2 (5-year) options; 3.8 years remaining.
  • Prime Indianapolis, IN location at 8760 Southeastern Ave, 46239.
  • High-density area: over 41,000 residents within a 3-mile radius.
  • High average household income: over $114,000 within a 3-mile radius.

Property Details for 8760 Southeastern Ave

Property type
Retail properties, Grocery and convenience stores
Square Feet
9,600 SF
Year Built
1988
Buildings
1
Stories
1
Lot Size (sq. ft)
36,155 SF
Units
1

Location Insight

City
Indianapolis
County
Marion
State
Indiana
Latitude
39.7062471
Longitude
-86.0115577

FAQs

What type of property is this?
Retail property - High-yield retail investment; strong tenant.
Where is the retail property located?
The property is located at 8760 Southeastern Ave Indianapolis, IN.
What is the asking price?
The asking price for this property is $1,055,000.
What are key features of this property?
This property features: 9,600 SF free-standing Dollar General building on a 0.83-acre lot.; Net lease with corporate guarantee; minimal landlord responsibilities.; Built in 1988; 8-year lease with 2 (5-year) options; 3.8 years remaining.
How can I contact the broker?
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8760 Southeastern Ave
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