Available For Sale - Retail

4,500 SF | Show Pricing $

AVAILABILITY DETAILS

Size
4,500 SF
Price/SF
Show Pricing $
Listing ID
SA454851
Notes
INVESTMENT SUMMARY

• PURCHASE PRICE $2,839,150

• GOING-IN CAP RATE - 5.75%

• ANNUAL BASE RENT/NOI - $157,500 (Years 1-5)

• LAND SIZE - 1.0Acres

• BUILDING SIZE - 4500

• BUILDING AGE 2020



INVESTMENT HIGHLIGHTS:

• 20-Year net lease with rent bumps every 5 years and 2 renewal options of 5 years each

• Strong operator founded in 1993 ad based in suburban CHicago with 30 locations in 3 Midwest states

• High profile outparcel to the dominant 285,000 square foot power center in the regional trade area

• the Shoppes at Whitestown is anchored by Hobbby Lobby, Burlington, Ahley, Ross, TJ Maxx and more.

• Daily Traffic counts of 23,750 on whitestown Pkwy, the market's primary commercial corridor, and 82,300 on I-65

• Average household income over $134,000 in a 1-mile radius and population over 75,000 in a 7-mile radius

• Whitetown is the fastest frowing city and Boone is the fastest growing county in the state of indiana
Uses
Retail

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Tyson Glasser, Realty Link LLC