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Views: 97 DOM: 129 Updated: 10.21.24 Posted: 08.14.24 Status: Active

Summary

Price $1,506,857
Built/Renov 2011
Tenant Family Dollar
Cap Rate 8.75%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 10,080
Lease Start 02-01-2023
#Units 8,359
Price/SF $149.49
Expiration 01-31-2028
Tenant Type Dollar/Discount
NOI $131,850
R. Term 3.1
Ownership Fee Simple
Rent/SF $13.08
Increases 10.0%/3/yrs
Pop 5Mi 250,159
Lot/AC 0.76
Options 5/5yrs/10%
AHHI 5Mi $143,330

Lease Highlights

  • Family Dollar has 3+ years remaining on the current lease term with 5 (5-year) options to extend
  • The lease features 10% rental increases at the start of each option period
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Corporate guarantee | Investment grade tenant

Location Description

Family Dollar is strategically located on Indianapolis Boulevard, with access to 42,251 vehicles passing by daily. The property is just one mile from Interstate 90/94, offering convenient access to Chicago, South Bend, and Michigan. Positioned on one of Hammond's main thoroughfares, it is surrounded by well-known national tenants, including Home Depot, Wendy’s, Papa John’s, Dunkin’, Menard’s,...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Family Dollar is an American retail, variety discount store chain, with over 8,000 locations in all states except Alaska and Hawaii. The chain operates general merchandise retail discount...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 10,136 102,071 223,839
2024 Total Population : 10,380 104,199 228,976
2024 Employed Civilian Pop : 4,948 48,551 105,900
2024 Total Businesses : 356 3,013 7,312
2024 Average Household Income : $ 80,871 $ 81,818 $ 82,869
2024 Total Consumer Spending : $ 294 M $ 2918 M $ 6668 M
2024 Median Age : 36 37 39
2024 Total Households : 4,097 40,174 90,721
2024 Pop Age 25+: Bachelor's Degree : 1,016 10,624 25,073
2024 Average Home Value : $ 212,625 $ 220,140 $ 238,344
*ESRI data is presented for informational purposes only

Listing Broker

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