3465 South St - Freestanding FOR SALE


Lafayette, IN 47905
$2,458,000 USD
626-354-0298
3465 South St, Lafayette, IN for Sale
$2,458,000 USD
Freestanding - FOR SALE
1/6
null | 7.25% Cap Rate

3465 South St
Lafayette, IN 47905


HIGHLIGHTS

  • Investment-Grade Rated Tenancy (S&P: “A-”; Moody’s: “A3”): Corporate-guaranteed net lease to Comcast Corporation
  • Prime South Street Location?: Primary east-west connector, tenancy includes The Home Depot, Target, Lowe’s, Sam’s Club, Walmart Supercenter, and more
  • Purdue University - 10 Minutes West: Purdue has over 50,000 students and is one of the nation’s leading research schools
  • Directly Adjacent to the Caterpillar Large Engine Plant: ± 2,000 employees visit this site daily

OVERVIEW

Pegasus Investments Real Estate Advisory Inc and ParaSell, Inc. , as exclusive advisors to Seller, are pleased to offer for sale a single tenant, corporate Xfinity store located in Lafayette, Indiana (the “Property”). The Property is secured by a lease guaranteed by Xfinity’s parent company, Comcast Corporation, which carries an investment grade credit rating (S&P: “A-”; Moody’s: “A3”), benefiting investors with one of the highest credit-rated tenants in the market and a uniquely favorable risk adjusted yield. Strategically located along the Lafayette’s primary retail corridor which includes tenancy from Home Depot, Target, Lowe’s, Sam’s Club, Walmart Supercenter and Meijer, the property is positioned directly adjacent to the Caterpillar’s Large Engine Plant which employs nearly 2,000 workers in its 1.6 million square foot facility. To the west of the subject property sits Purdue University, Lafeyette’s largest employer and home to 52,000+ students, which generates over a $700 million economic impact annually to the region. Greater Lafayette was recently ranked as the No.1 U.S. Housing Market in Wall Street Journal’s Emerging Housing Markets Index for its affordable housing, a skilled technology-based workforce, and a strong growing local economy. Lafayette’s growth over the last decade has pushed the city into the national spotlight as an emerging hub for innovation in advanced manufacturing across multiple industries including medical, aerospace and defense, agriculture, and nanotechnology. Xfinity is the cable television division of Comcast Corporation which is used to market consumer cable television, internet, telephone and wireless services provided by the company. Comcast Corporation, an American global telecommunications conglomerate that is the second largest broadcasting and cable television company the world by revenue.

FOR SALE DETAILS

PRICE

$2,458,000 USD

PRICE/SF

$546 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Xfinity | Investment-Grade Corporate Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.8 AC

LAND SF

34,848 SF

ZONING

General Business

APN/PARCEL ID

79-07-27-226-001.000-004

ASK ABOUT THIS PROPERTY

Tony VeillerPegasus InvestmentsMore Info
626-354-0298

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Tony VeillerPegasus InvestmentsMore Info
626-354-0298

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