1010 In-44Shelbyville, IN 46176

Property Details for 1010 In-44

Year built

2006

Lot size

3.57 AC

Property size (Sq ft)

14,794 SF

Property type

Retail properties

Property subtype

Retail space

Description

This exceptional investment opportunity presents a 14,794 square foot retail storefront in Shelbyville, Indiana, currently occupied by Dollar Tree under a sublease from Walgreens. The property boasts a 24.9-year absolute NNN lease with a corporate guarantee, offering a remaining term of 6.9 years and ten 5-year renewal options. Built in 2006, this Class A building features a drive-thru and is situated on a sizable 3.57-acre lot with excellent visibility and access on IN-44. The property enjoys a prime location within Shelbyville's main commercial corridor, minutes from I-74 and in close proximity to numerous national retailers, including Walmart, Starbucks, and Wendy's. The current NOI is $308,000, yielding a 9.94% cap rate at an asking price of $3,100,000 ($209.54/sq ft). This "mailbox money" asset requires minimal landlord responsibilities, making it an attractive investment with strong potential for future returns. The sublease to Dollar Tree further underscores the location's success and desirability. The property's size also offers significant future development possibilities. This is a rare opportunity to acquire a high-quality, well-located retail property with a strong tenant and significant upside potential.

Location Insight

City

Shelbyville

County

Shelby

State

Indiana

Latitude

39.5216

Longitude

-85.7611

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].