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Family Dollar

2345 E 30th St, Indianapolis, IN 46218

James Capital Advisors

Marketing Package

Representative Photo

Gross Lease Family DollarIndianapolis, IN

Family Dollar

2345 E 30th St, Indianapolis, IN 46218The Offering


$572,521

10.00%

$57,233.04

$55.13

$4.55

Vince Saucer

(424) 325-2617

FINANCIAL SUMMARYPurchase Price

Cap Rate

Net Operating Income

Price / SF

Rent / SF

Listing Agent

Phone Number

PROPERTY INFOTenant

Street Address

City

State

Zip

APN

GLA

Lot Size

Year Built

Family Dollar

2345 E 30th St

Indianapolis

IN

46218

49-07-30-114-612.000-101

10,384 SF

0.62 AC

1957

Strong Rental IncreasesBuilt into this lease are 10% increases through the base term and in each of the two, five-year option periods.

Recession Resistant TenantFamily Dollar’s thrive in middle-America markets where incomes may be modest, proving the tenant to be a resilient and recession resistant retailer.

Commitment to SiteThe tenant recently extended the base term of their lease in September 2018, showing their commitment to the site.

Investment Grade TenantFamily Dollar has a strong corporate guarantee and its parent company, Dollar Tree, has a ‘BBB-’ (S&P) rating, qualifying the tenant as investment grade.

One of the Nation’s Fastest-Growing RetailersIn 2018, Family Dollar/Dollar Tree plans to open 650 new stores. The company has also identified the opportunity for approximately 26,000 new stores across North America.

INVESTMENT HIGHLIGHTS

Annual Rent

Gross Rent

Expense Summary

Property Taxes

Insurance

Total Expenses

Net Operating Income

INCOME & EXPENSE $57,233.04

$57,233.04

$8,756.40

$1,243.60

$10,000

$47,233.04


Family Dollar

2345 E 30th St, Indianapolis, IN 46218Lease Summary



Landlord Responsibility



Tenant Responsibility

Corporate

Family Dollar

Subsidiary of Dollar Tree Inc

59 years

8,000+

Real Estate Taxes

Insurance

Roof & Structure

CAM

Lease Guarantor

Company Name

Ownership

Years in Business

Number of Locations

LEASE SUMMARYLease Type

Type of Ownership

Original Lease Term

Commencement Date

Lease Expiration

Term Remaining

Increases

Options

ROFR / ROFO

Gross

Fee Simple

20 Years

September 1, 2003

October 1, 2023

4 Years, 2 Months

10% In Options

Two, Five-Year

No

INVESTMENT HIGHLIGHTSNear Major Traffic ArteryLocated just North of Interstate 70 (165K VPD), a major thoroughfare that runs through the heart of Indianapolis.

Strong Discount Retailer Demographics Prime location with nearly 300,000 people within a five mile radius and over 820,000 people within a ten mile radius of the subject property.

Prime Discount Retailer LocationIdeally located in a densely populated residential area and is near a surplus of parks and churches. This property serves as an ideal one-stop shop for the residents of Indianapolis.

High Site-Level Visibility This Family Dollar sits alongside 30th Street and N Keystone Ave with visibility in excess of 37,000 vehicles per day.

Easy Accessibility Centrally located within a residential neighborhood, allowing for easy walking and driving accessibility.


Family Dollar



Rent Schedule


10.00%

9.09%

8.27%

$5.51

$6.06

$6.67

-

10%

10%

$4,769.42

$5,246.36

$5,771.00

$57,233.04

$62,956.34

$69,251.98

Base Term

1st Option

2nd Option

Present - 8/31/2023

9/1/2023 - 8/31/2028

9/1/2028 - 8/31/2033

CAP RATERENT / SFINCREASEMONTHLY RENTANNUAL RENT PERIODRent Schedule

Family Dollar

2345 E 30th St, Indianapolis, IN 46218About the Brand

ABOUT THE BRANDBrand History In 1959, Leon Levine, a 21-year-old entrepreneur, opened the first Family Dollar store in Charlotte, NC. Right from the start, Levine had a well-developed philosophy of how Family Dollar would run.

Brand OverviewSince its inception, Family Dollar has continually strived to offer customers a variety of high-quality, good value merchandise in neighborhood locations.

Family Dollar offers a compelling assortment of merchandise ranging from name-brand foods, toys, apparel for every age and beauty aids, all for everyday low prices.

Family Dollar has been providing value and convenience to customers in easy-to-shop neighborhood locations for over 50 years and is now the second-ranked dollar store in the nation.

Locations

8,000+

States

46

Fortune 500 Ranking

271

RECENT NEWSNotable Financial PerformanceFamily Dollar accounted for 40% of Dollar Tree’s fiscal 2016 revenue, contributing significant value to its parent company.

Dollar Tree Acquires Family DollarIn mid-2015, Family Dollar was acquired by Dollar Tree in an $8.5 billion cash-and-stock deal.

Expansion of OfferingsIn April 2014, Family Dollar introduced more than 400 new food items in order to better meet the needs of its target customers.

Family Dollar Hits Major MilestoneFamily Dollar celebrated the opening of its 8,000th store in 2013.


Family Dollar

2345 E 30th St, Indianapolis, IN 46218Location Overview

INDIANAPOLIS, INIndianapolis, IN Indianapolis is the most populous city in the state of Indiana and the third most populous city in the Midwest as of 2017.

Wheeler-Dowe Boys & Girls ClubThe Wheeler-Dowe Boys & Girls Club, located directly across the street from the subject property, provides a safe haven to young children in the community.

Near Major HospitalIndiana University (IU) Health is the largest network of physicians in the state. IU Health invests $500 million annually in community benefit measures that serve over one million Indiana residents.

Neighboring Indiana University - Purdue University IndianapolisIndiana’s premier urban research university is located less than five miles from the subject property and has nearly 22,000 students enrolled.

LOCATION OVERVIEWThriving CityIndianapolis has gained acclaim for a flourishing culinary and brewing scene, thriving cultural institutions, cool neighborhoods and so much more.

Host of the Indy 500The Indy 500 is an automobile race held annually, just a few miles from the property, at the Indianapolis Motor Speedway. In 2017, the Indy 500 attracted 300,000 spectators to the area.

Expansion and Development Indianapolis’ expansion and attraction projects announced in 2016 added more than 11,000 jobs and over $1.2 billion in capital investment to the region.

Strong Business Climate Indianapolis’ strong business climate is creating a buzz for growth and the state has no inventory or franchise taxes.


Family Dollar



Retail Aerial

Family Dollar



Site Plan

Family Dollar

2345 E 30th St, Indianapolis, IN 46218Demographics

10 MILE

344,822

336,852

319,042

2.37%

5.58%

$62,539

$43,395

5 MILE

123,254

119,193

105,213

3.41%

13.29%

$56,892

$37,188

3 MILE

56,239

54,066

45,955

4.02%

17.65%

$51,264

$33,815

1 MILE

5,296

5,051

4,063

4.85%

24.32%

$35,729

$24,580

HOUSEHOLDS

2023 Projection

2018 Estimate

2010 Census

Growth 2018 - 2023

Growth 2010 - 2018

HOUSEHOLDS

Avg. HH Income

Med. HH Income

10 MILE

841,150

821,553

777,124

2.39%

5.72%

5 MILE

292,721

283,189

250,508

3.37%

13.05%

3 MILE

130,631

125,565

106,551

4.03%

17.84%

1 MILE

13,357

12,740

10,262

4.84%

24.15%

DEMOGRAPHICSPOPULATION

2023 Projection

2018 Estimate

2010 Census

Growth 2018 - 2023

Growth 2010 - 2018

Indianapolis, IN Indianapolis is the most populous city in the state of Indiana and the third most populous city in the Midwest as of 2017. Indianapolis has gained acclaim for a flourishing culinary and brewing scene, thriving cultural institutions, cool neighborhoods and so much more.


Family Dollar



DISCLAIMERThe information contained in this Marketing Brochure has been obtained from sources believed to be reliable. However, Brian Brockman (“Broker”) has not, and will not, verify any of this information, nor has Broker conducted, nor will it conduct, any investigation regarding these matters. Broker makes no representations, guarantees or warranties of any nature about the accuracy or completeness of any information provided. The information provided in this brochure is in no way a substitute for a thorough due diligence investigation by Buyer. Broker has made no investigation of, and has made no representations, guarantees, or warranties of any nature, with regard to income and expenses for this property nor the future financial performance of the property. In addition, Broker has made no investigation of, and has made no representations, guarantees or warranties as to the size and square footage of the property, the presence of any contaminating substances at the property, the physical condition of the property or compliance with any State, Local or Federal regulations. In addition, Broker has made no investigation of, and has made no representations, guarantees or warranties of any nature, with regard to the financial condition or future financial condition of any tenants, nor any future plans or intentions of tenants with regard to the continued occupancy of the property. All parties are aware that Broker has no affirmative obligation to conduct a due diligence examination of the property for any Buyer. Any and all projections or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property.

The value of the property to any Buyer depends on numerous factors that must be evaluated by Buyer and Buyer’s legal, tax, construction and financial advisors. Buyer and Buyer’s advisors should conduct a thorough, independent investigation of the property to determine its suitability for Buyer’s intended usage. This investment, as with all real estate investments, carries a substantial risk. As such, Buyer and Buyer’s legal and financial advisors are strongly advised to request and review all legal and financial documentations related to the property and tenants.

A tenant’s past performance is not a guarantee of future performance. The lease rate stated for some properties may be based on a tenant’s projected sales with little or no record of actual performance or comparable rents for the area in question. Returns are in no way guaranteed. Tenants may fail to pay the rent or property taxes or any other tenant obligations under the terms of the lease. Regardless of tenant’s history of performance, and/or any lease guarantors and/or guarantees, Buyer is responsible for conducting Buyer’s own investigation of all matters related to any and all tenants and lease agreements. Broker is not, in any way, responsible for the performance of any tenant or for any breach or default by any tenant of any terms of any lease agreement related to the property. Further, Buyer is responsible for conducting Buyer’s own independent investigation of all matters related to the value of the property, including, but not limited to, the value of any long term leases. Buyer must carefully evaluate the possibility of tenants vacating the property or breaching their leases and the likelihood and financial impact of being required to find a replacement tenant if the current tenant should default and/or abandon the property. Buyer must also evaluate Buyer’s legal ability to make alternate use of the property in the event of a tenant abandonment of the property.

CONFIDENTIALITYThis Marketing Brochure and the information contained within, is propriety and strictly confidential. It is intended to be used only by the party receiving it from Broker. It should not be made available to any other person or entity without the express written consent of Broker.

RELEASEThis Marketing Brochure has been prepared to provide basic, unverified information for prospective purchasers. By accepting this Marketing Brochure, the recipient agrees to release and hold harmless Broker. from any claim, demand, liability or loss arising out, or relating in any way, to the information contained in this Marketing Brochure and from Buyer’s investigation of the property.

NON-ENDORSEMENTBroker is not affiliated with, endorsed by or sponsored in any way by any tenant or lessee identified in this Marketing Brochure. The presence of any entity’s logo or name is not intended in any way to indicate affiliation, sponsorship or endorsement by said entity of Broker.

Disclaimer

Family Dollar



Contact Information


Contact Information Brian Brockman Broker of RecordIN RE Lic. RB10437939

Bang Realty, IncIN RE Lic. RC51000665

Vince SaucerSenior Associate

(424) [email protected] RE Lic. 01935636

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