Gas City Family Dollar
- Sale Price$745,000
- Year Built1999
- Building Size8,450 SF
- ZoningB2 - Business
- ParkingSurface, Ample
- Property TypeRetail, Investment
Highlights
- Excellent accessibility to key transportation routes
- Ideally located along US 35 near I-69
- Close to many new industrial developments
- One-story in-line retail
Overview
Sturges Property Group is now accepting offers to purchase for the single-tenant Family Dollar property, located in Gas City, Indiana. This 8,450 SF one-story in-line retail store has been leased to Family Dollar Stores of Indiana, LP since 1999 with a recently signed five-year lease renewal. There are escalations in each of the renewal periods. In addition, the tenant agrees to pay a percentage rent exceeding a specific annual threshold.
The renewal limits the landlord’s responsibilities to roof & structure (the building has a new 60-year Duralast roof) as well as property insurance.
The 8,450 SF building is located on US 35 in Gas City, Indiana—one of the main thoroughfares through north-central Indiana. It has a daily traffic count of approximately 12,000 vehicles. Gas City is well-positioned 45 miles southwest of Fort Wayne and 55 miles northeast of Indianapolis, just off of Interstate 69.
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