8635 300Lake Village, IN 46349

This exceptional investment opportunity presents a 13,604 square foot convenience store, currently leased to Dollar Tree/Family Dollar under a Net Lease agreement. The property, located at 8635 N 300 W, Lake Village, IN 46349, boasts a strong 9.00% cap rate and a substantial NOI of $91,934. Built in 1975 and renovated in 2013, the property sits on a 3.3-acre lot. The current lease, with a remaining term of approximately 3.5 years, extends to May 31, 2028, following a recent extension and rent increase in July 2023. This demonstrates the tenant's commitment to the location. The lease includes 10% rent increases in each of the four remaining 5-year option periods. Dollar Tree/Family Dollar, a publicly traded Fortune 500 company with an S&P investment grade credit rating of BBB, is responsible for all operating expenses including property taxes, insurance, HVAC, and utilities. Landlord responsibilities are limited to roof and structure maintenance. The asking price is $1,022,000, translating to a price per square foot of $75.12. The property's strategic location, an hour south of Chicago, Illinois, within the Chicago MSA, offers significant advantages. Chicago's robust economy, large population, and numerous Fortune 500 companies contribute to a stable and attractive investment environment. This is a rare opportunity to acquire a high-performing, low-maintenance retail property with a strong, creditworthy tenant and significant upside potential.