701 S Baldwin Ave, Marion, IN 46953, Marion, IN 46953 - Property for Lease
Available For Rent - Retail
0 SF
AVAILABILITY DETAILS
- Size
- 0 SF
- Space/Suite
- Entire Property
- Asking Rent Type
- N/A -
Contact for Info - Rent/SF/Month
- N/A -
Contact for Info
- Listing ID
- LA531482
- Notes
- Introducing an incredible investment opportunity in Marion, IN! Presenting the 702 S Baldwin Ave, a highly desirable single tenant property with a long-term commitment from HAWK Motors, Inc., a reputable auto dealership. This absolute NNN lease with no landlord responsibilities ensures a hassle-free investment for savvy investors. Boasting a convenient location on a 0.25 acre lot, this property features a well-maintained 672 SF building. With a lease in place until September 1, 2022, and an impressive average of 23,579 vehicles per day, this opportunity offers stability and potential for solid returns. Priced at $360,000, this property generates a 6.5% cap rate with an estimated NOI of $23,400 as of August 15, 2023. The personal guaranty and fee simple ownership further enhance the value and security of this investment. Located in a thriving community, the property enjoys a significant population of 37,740 within a 5-mile radius. With a median household income of $51,744 and a diverse range of establishments, including a strong presence of over 1,000 businesses, the local economy demonstrates great potential for growth. Don't miss out on this exceptional investment opportunity at 702 S Baldwin Ave, Marion, IN. Contact us today to capitalize on the potential of this prime property!
- Uses
- Retail
Other Availability in this Property
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
Jordan Gorjian, Gorjian Acquisitions
Jordan Gorjian, Gorjian Acquisitions
