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813 E Marion St
Converse, IN 46919

$1,648,181 USD

Freestanding For Sale  •  10,500 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 10,500 SF
  • Lot Size 1 AC
  • Building Class C
  • Year Built 2024
  • Cap Rate 8.25 %
  • Tenancy Single
0 Transit Score
26 Walk Score

Highlights

Brand-new 2024 build-to-suit construction specifically for Family Dollar, delivering modern facilities with minimal near-term capital needs.
±8.25 years remaining on an initial 10-year lease, providing strong income visibility and stability.
Four (4), 5-year renewal options, each with a $5,250 annual rent increase ($0.50/SF), ensuring predictable cash flow growth.
Full corporate guarantee from Family Dollar (Dollar Tree, Inc.), offering investment-grade credit quality and payment reliability.
Average household income of $86,954 annually within a 10-mile radius, supporting consistent essential retail demand.
Converse is located ±11 miles east of Marion and ±20 miles southwest of Kokomo, placing the property in an accessible, growing submarket.
Cap Rate: 8.25 %

Major Tenants

Tenant SF Occupied Lease End Date
Family Dollar

Amenities

  • Signage

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 19
Type: Surface
Included in Rent: Yes
Josh Bishop 214-692-2289 Matthews Real Estate Investment Services
Josh Bishop 214-692-2289 Matthews Real Estate Investment Services