Indianapolis — Mid-America Real Estate Corp.’s Net Lease Investment Group recently brokered the sale of an 8,320-sq.-ft. Family Dollar in Indianapolis. An investment fund in Texas purchased the property from a private developer for $1.142 million, which is a 7.5% cap rate. The building is leased to Family dollar for 10 years.
The newly constructed Family Dollar is in the Lawrence Commons shopping center anchored by LA Fitness.
Mid-America in cooperation with Mid-America Real Estate — Indiana LLC represented the seller in the transaction.