Net Lease O Indiana

The Boulder Group sells Family Dollar store in Indiana

  

The Boulder Group recently completed the sale of a single-tenant Family Dollar store at 200 Bruner Road in La Fontaine, Indiana, for more than $1.3 million.

The 8,320-square-foot building is located on a 1.2-acre parcel at the corner of Bruner Road and Indiana Route 15. Indiana Route 15 is the primary thoroughfare in the area.

Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction, a Midwest-based real estate development group. The purchaser was a Midwest-based real estate investment group in 1031 exchange.

There are 15 years on the Family Dollar lease that expires March 31, 2032. The lease features a 10 percent rental escalation in year 11 and in each of the six five-year renewal option periods.