2825 W Broadway St - Restaurant FOR SALE


Princeton, IN 47670
$1,800,000 USD
616-799-6629
2825 W Broadway St, Princeton, IN for Sale
$1,800,000 USD
Restaurant - FOR SALE
1/3
null | Request Cap Rate

2825 W Broadway St
Princeton, IN 47670


HIGHLIGHTS

  • Signalized Corner Retail Pad
  • High Traffic area near Hwy 41 interchange
  • For Sale, Lease, or Ground Lease
  • Drive Thru possible
  • 3832 SF / 1.0 Acre
  • Bob Evans lease until 04/26

OVERVIEW

Located on a Busy Signalized Intersection ,The Bob Evans at 2825 W Broadway St in Princeton, Indiana is located in Town Fair Shopping Center across from a Walmart Supercenter on a busy signalized corner intersection with ample parking, and one block from the US 41 interchange. The property offers a promising re-development opportunity due to its prime location and features. Situated in a vibrant and growing community, the site is approximately 1 acre and includes a well-maintained building currently operating as a Bob Evans restaurant until 04/26. This site has excellent visibility with cross easement access and an average annual daily traffic of 18,600 on West Broadway Street and 16,533 on US-41. It is surrounded by national retailers like Walmart, GMC, Maurices, and Dollar Tree, and is ideally positioned for continued future success. This Property is available for Sale, Lease or Ground Lease, offering flexible development options to potential investors and tenants. The sale price for the entire property as-is is $1,800,000, Ground lease asking rate of $10k/month NNN and lease of the existing building is being offered at $30/SF NNN, with a desired lease term of 120 months.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$470 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding, Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

55

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

commercial

APN/PARCEL ID

26-11-11-300-004.086-028

ASK ABOUT THIS PROPERTY

616-799-6629

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616-799-6629

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