2909 S Reed Rd - Restaurant FOR SALE
Kokomo, IN 46902 |
$1,650,000 USD
754-255-6993
2909 S Reed Rd
Kokomo, IN 46902
HIGHLIGHTS
- Below Market Rents With 2 Years Remaining on Lease
- On Kokomo’s Busiest Street (38K VPD) – Primary Retail Corridor
- Restaurant & Kitchen Equipment Included in Sale – Liquor License Available For Additional Fee
- Currently Built Out For Mexican Restaurant
- 29% Population Growth From 46,100 in 2010 to 59,600 in 2020
- On Pedestrian “Industrial Heritage Trail” Connecting Site to Motel 6, Hampton Inn, Baymont By Wyndham, Best Western & Stellantis Transmission Plant
OVERVIEW
Sands Investment Group is Pleased to Present Exclusively For Sale the 8,259 SF Value-Add Restaurant NN Asset Located at 2909 South Reed Road in Kokomo, IN. This Deal Includes Below Market Rents, With 2 Years Remaining on the Lease and is Located on Kokomo’s Busiest Street, Seeing 38,000 VPD in a Primary Retail Corridor, Providing For a Unique Investment.
In Cooperation With Sands Investment Group Indiana, LLC – Lic. #RC52000211 BoR: Andrew Ackerman – Lic. IN #RB20001918
FOR SALE DETAILS
PRICE
$1,650,000 USD
PRICE/SF
$200 USD /SF
CAP RATE
6.01%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Value-Add Restaurant | Kokomo, IN
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
ADD'L SUBTYPES
Freestanding, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1998
SPRINKLERS
-
PARKING SPACES
161
LAND DETAILS
LAND ACRES
2.78 AC
LAND SF
121,097 SF
ZONING
C
APN/PARCEL ID
34-10-07-402-009.000-002
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754-255-6993
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754-255-6993
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