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Dollar General | Indianapolis MSA 145 N Chestnut St

9,100 SF Retail Building Monrovia, IN 46157 $1,417,470 CAD ($156 CAD/SF) 8.25% Cap Rate

Investment Highlights

  • Strong Performer – This Site is in the Top 30% in Indiana and Top 33% Nationwide in Visits per Placer.ai | Site Features Concrete Parking Lot
  • 2.6 Miles from Westpoint Business Park | The Park is a 6M SF, 550-Acre Industrial Park | 10M SF Industrial Distribution Centers Within 3 Miles
  • Booming, Affluent Suburb of Indianapolis | The Town of Monrovia’s Population Has Increased by 107% Since 2010 | 3-Mile Average HH Income is $106,528

Executive Summary

Strong Performer – This Site is in the Top 30% in Indiana and Top 33% Nationwide in Visits per Placer.ai
Booming, Affluent Suburb of Indianapolis | The Town of Monrovia’s Population Has Increased by 107% Since 2010 | Three-Mile Average Household Income is $106,528, Well Above the National Average
This Site Features a Concrete Parking Lot and Concrete Dumpster Enclosure
Located Near the Intersection of IN-42 and IN-39 (Combined VPD of 8,570) | 1.5 Miles from I-70 (64,430 VPD)
Across the Street from Fischer Homes’ New Development Eagle Lakes with 82 Paired Patio Homes | Less than a Half Mile from DR Hortons’ New Homestead Development with 75 Single-Family Homes | 742 Additional Homes are Scheduled to be Constructed from 2022 – 2027, Which Will More Than Double the Current Population
2.6 Miles from Westpoint Business Park | The Park is a 6M SF, 550-Acre Industrial Park. When Completed, it will be One of the Largest Logistic Distribution Parks in Indiana | Nearly 10M SF of Industrial Distribution Centers are Within Three Miles of the Site
Less than Two Miles from Major Distribution Facilities for Sunbeam, Geodis, DHL, FedEx, Chewy, GXO, Johnson & Johnson, and XPO Logistics with Approximately 1,500 Combined Employees | Chewy Recently Added 475 New Positions | New Apple Distribution Center will Add 500 More Jobs and XPO Logistics is Currently Expanding its Operations in the Area
Monrovia is Part of the Indianapolis, IN MSA | Benefits from Proximity to Indianapolis – Monrovia is Only 24 Miles from Indianapolis’ City Center | 13-Minute Drive Time to Indianapolis International Airport | Indianapolis is the 16th Largest City in the United States

Financial Summary (Actual - 2023)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $116,941 $121.81

Financial Summary (Actual - 2023)

Gross Rental Income (CAD)
Annual -
Annual Per SF -
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual -
Annual Per SF -
Net Operating Income (CAD)
Annual $116,941
Annual Per SF $121.81

Property Facts Under Contract

Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
9,100 SF
Building Class
B
Year Built
2009
Price
$1,417,470 CAD
Price Per SF
$156 CAD
Cap Rate
8.25%
NOI
$116,941 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
2.39 AC
Zoning
Commercial

Nearby Major Retailers

Citizens Bank
IGA

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
55-04-12-180-004.001-022
Land Assessment
$164,427 CAD
Improvements Assessment
$135,935 CAD
Total Assessment
$300,362 CAD
  • Listing ID: 33310008

  • Date on Market: 2024-09-26

  • Last Updated:

  • Address: 145 N Chestnut St, Monrovia, IN 46157

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