Family Dollar

2024 Build-to-Suit Construction: Brand-new 2024 build-to-suit construction specifically for Family Dollar, delivering modern facilities with minimal near-term capital needs.
Lease Term: ±8.25 years remaining on an initial 10-year lease, providing strong income visibility and stability.
Renewal Options with Escalations: Four (4), 5-year renewal options, each with a $5,250 annual rent increase ($0.50/SF), ensuring predictable cash flow growth.
Corporately Guaranteed Lease: Full corporate guarantee from Family Dollar (Dollar Tree, Inc.), offering investment-grade credit quality and payment reliability.
Affluent Trade Area Demographics: Average household income of $86,954 annually within a 10-mile radius, supporting consistent essential retail demand.
Strategic Regional Location: Converse is located ±11 miles east of Marion and ±20 miles southwest of Kokomo, placing the property in an accessible, growing submarket near key population centers.

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