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519 E Delphi St
Converse, IN 46919

$1,732,165 USD

General Retail For Sale  •  10,500 SF

Property Details

• Property Type General Retail
• Total Building Size 10,500 SF
• Lot Size 0.54 AC
• Building Class B
• Year Built 2024
• Cap Rate 7.85 %
• Tenancy Single

0 Transit Score

33 Walk Score

Highlights

2024 build-to-suit construction for Family Dollar Tree

±9.5 years remaining on an initial 10-year lease

Four, 5-year renewal options all of which include a $5,250 ($0.50/SF) rent increase

Corporately guaranteed lease

Family Dollar Tree Combo stores have proven 20% higher sales volume than non-co-branded stores

The subject property comes with a 20-year roof warranty

Cap Rate:

7.85 %