10981 County Road 2 - Convenience Store FOR SALE


Middlebury, IN 46540
$349,000 USD
574-849-7118
10981 County Road 2, Middlebury, IN for Sale
$349,000 USD
Convenience Store - FOR SALE
1/8
null | 6.88% Cap Rate

10981 County Road 2
Middlebury, IN 46540


HIGHLIGHTS

  • Strong tenant
  • 1 acre lot size
  • Prime redevelopment site

OVERVIEW

Reduced asking price to $349,000 Leased investment property with over 2 years remaining on the current lease term with multiple extension options and rate increases. Limited landlord responsibility with NNN lease terms. Longstanding retail business with a solid operator & track record of success nationally. 1 acre site has a drive thru, abundant parking and room for expansion or future redevelopment. Fully occupied by a single tenant, the building was constructed as two units originally with separately metered utilities offering future flexibility. Access to municipal sewer provides opportunity for redevelopment. Located within a mile of the Indiana Toll Road at the signalized intersection of SR 13 and CR 2. The Indiana/Michigan state line is a quarter mile north of the property. Call Scott for further details and lease term/rents.

FOR SALE DETAILS

PRICE

$349,000 USD

PRICE/SF

$109 USD /SF

CAP RATE

6.88%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Middlebury, IN NNN Investment

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.03 AC

LAND SF

44,867 SF

ZONING

M-1 PUD

APN/PARCEL ID

20-04-12-300-017.000-032

ASK ABOUT THIS PROPERTY

Scott GriffithEndeavour CommercialMore Info
574-849-7118

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Scott GriffithEndeavour CommercialMore Info
574-849-7118

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.