Family Dollar/Hard Corner/Next to McDonalds

Highlights:

• National Tenant Family Dollar – 8,000+ locations, $13.3B revenue, and 64+ years of retail stability.
• Single-tenant NNN lease with minimal landlord duties—tenant covers taxes, insurance, and CAM.
• Fee simple ownership offering strong cash flow, 1031 exchange eligibility, and tax benefits through depreciation.
• Relocated from 6,800 SF to 11,868 SF store, nearly doubling size. Across the street from McDonalds.
• Prime signalized hard-corner location with unobstructed street visibility and long-term lease potential of up to 22 years.
• Low rent & Low cost $129 PSF investment with strong demos—20K+ population, $76K AHHI, and 200K+ annual visits

Description:

INDIANA BROKER OF RECORD... AARON MCDERMOTT ...License No. PB20600956
Faris Lee Investments is pleased to present the opportunity to acquire a single-tenant Family Dollar, strategically positioned at the signalized hard corner of Chestnut and Columbia Streets, at the busiest intersection in Union City. The property enjoys outstanding visibility, two monument signs, and access from both major retail corridors (Highways 32 and 28). Family Dollar benefits from strong national tenant synergy with McDonald’s, O’Reilly Auto Parts, Subway, and NAPA Auto Parts within the immediate trade area, along with its proximity to schools, banks, the U.S. Post Office, and surrounding residential neighborhoods.
The property features a single-tenant NNN lease, an ideal structure for investors seeking secure, passive income. Family Dollar is responsible for the property taxes, insurance, and CAM, offering true ease of ownership. The predictable income stream and corporate tenancy make this an exceptional opportunity for 1031 exchange buyers and investors looking for stable, long-term cash flow with minimal management.
Family Dollar is a nationally recognized discount retailer operating over 8,000 stores across 45 states with annual revenues exceeding $13.3 billion in 2024. For more than six decades, Family Dollar has built a strong reputation as a value-oriented, necessity-based retailer serving millions of loyal customers nationwide. Its proven business model and operational resilience make it one of America’s most dependable retail brands.
Ownership interest includes both the land and the building, providing long-term intrinsic value and significant tax advantages through cost segregation and depreciation. Priced well below replacement cost at just $129 per square foot, the investment offers strong cash-flow and future appreciation potential.
This Family Dollar location demonstrates strong tenant performance and long-term commitment. Family Dollar relocated from a successful 6,800-square-foot site up the street in Union City to this existing location, a newly improved 11,868-square-foot facility, nearly doubling its size and volume. The tenant invested substantial capital in renovations and new HVAC systems in 2022, underscoring its confidence in the location. The lease has 7 years remaining on the initial 10-year term, with 3 (5 Year) renewal options, allowing for up to 22 years of total tenancy remaining.
The trade area offers an ideal demographic profile for Family Dollar’s core customer, with over 20,000 residents within a ten-mile radius and household incomes of over 76,000. The store receives more than 200,000 annual visits according to Placer.ai and is one of only three Family Dollar locations within a 20-mile radius, ensuring minimal competition and continued tenant success in a stable Midwestern market.

Located at 106 S Columbia St, the property is centered in Union City, a unique community in East Central Indiana’s Randolph County that sits directly on the Ohio border, forming a “twin city” with its Ohio counterpart. Historically nicknamed “The Hub City” for its legacy as a major 19th-century railroad intersection, the area maintains exceptional regional connectivity. It is strategically positioned within a two-hour drive of several major metro areas.
The immediate 1-mile radius includes a population of 5,593 and a local business base of 121 establishments. The wider 10-mile trade area expands to 20,381 residents with a median household income of $60,258.79. While major regional employers like Ascension St. Vincent Randolph and Walmart are located in nearby Winchester, Union City is defined by its affordability and historic charm. The housing market is exceptionally accessible, with an average home value of $128,920 (as of Sept. 2025). The city is currently leveraging its historic downtown architecture to foster a period of revitalization, attracting new investments and businesses to the community.

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