TITLE:
Dollar Tree Indianapolis
CONTROL:
Exclusive
VALUE:
$1,800,000
LOAN:
$1,475,000
EQUITY:
$325,000
TYPE:
Retail/Commercial
HAVE:
Dollar Tree with 2nd tenant space attached or DT expansion. Located on the corner of Madison Ave & Hannah very close to the University of Indianapolis.
ADDRESS:
4001 & 4003 Madison Ave, Indianapolis, Indiana
BENEFITS TO NEW OWNER:
Credit tenant, NNN with additional space for 2nd rental income or expansion for Dollar Tree.
GROSS SCHEDULED INCOME:
$203,000 Projected
VACANCY LOSS:
$7,000
GROSS EFFECTIVE INCOME:
$196,000
EXPENSES:
$59,400
NOI:
$136,600
DEBT SERVICE:
$122,796
CASH FLOW:
$13,804
CAP RATE:
7.59%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$1,475,000
$10,233
4%
03/28/2042
No
BENEFITS SOUGHT:
Better cashflow, less debt.
CAN ADD:
Other properties.
COUNSELOR:
Stephan Kline
Kline Properties
1910 E Washington St Ste B
Indianapolis, Indiana, 46201
