Family Dollar, Lake Station, IN

Investment Overview

Exclusive Realty is pleased to present this exceptional investment opportunity in Lake Station, IN: a meticulously-maintained Family Dollar store with a NN lease. With a strong performance history and consistent returns, this property offers a compelling investment. Additionally, the .79 acres of vacant land provides value-add potential. Strategically positioned and ideal for a 1031 exchange, seize this opportunity to enhance your portfolio.

Investment Highlights

• The property boasts new HVAC units installed in 2020, ensuring efficient climate control, and a newly paved parking lot in 2022, providing a fresh and appealing look to the site. With .79 acres of vacant land available, valued at $50,000 based on sales comps, there is an excellent opportunity for expansion, redevelopment, or income-generating projects.
• Family Dollar, a renowned tenant, has demonstrated its commitment to the site through extensive H2 renovations in 2022, reflecting their belief in the location's success. The store is a strong performer, consistently meeting or exceeding sales expectations. The renovations brought the store up to date for Family Dollar desired present store format and costs tens of thousands of dollars. The landlord absorbed some of the costs taking a rent reduction with the rent increasing 18 percent in 2026. Forward looking rent shall still be far below any new store rents.
• The property enjoys a strategic location with high visibility and convenient access, attracting a steady flow of customers. The engaged community and customer base contribute to the property's success, fostering a loyal customer following.