3900 Lexington Rd - Storefront FOR SALE


Logansport, IN 46947
$2,495,000 USD
312-269-0220
3900 Lexington Rd, Logansport, IN for Sale
$2,495,000 USD
Storefront - FOR SALE
1/8
null | 7.35% Cap Rate

3900 Lexington Rd
Logansport, IN 46947


HIGHLIGHTS

  • Value-Add Opportunity; 80% leased multi-tenant retail opportunity with +/- 3,700 SF of vacancy providing immediate upside for a new owner
  • High Historical Occupancy; 4 of the 5 current tenants have been operating at this location since 2011 showing the tenants strong commitment
  • Strong Tenant Mix; Complimentary mix of national and local retailers all signed to landlord favorable net leases, with additional option periods
  • Out-lot Development Potential; Ability to parcel off and develop a roughly ½ acre out lot parcel
  • Surrounded by tenants such as; Walmart, The Home Depot, Planet Fitness, Dunham’s Sports, Dollar Tree, McAlister’s Deli, Culver’s, Taco Bell, and more
  • Strong Demographics; Located in a densely populated and middle-class area with over 25,061 residents and an average household income of $75,100

OVERVIEW

Value-Add Opportunity; 80% leased multi-tenant retail opportunity with +/- 3,700 SF of vacancy providing immediate upside for a new owner. High Historical Occupancy; 4 of the 5 current tenants have been operating at this location since 2011 showing the tenants strong commitment. Strong Tenant Mix; Complimentary mix of national and local retailers all signed to landlord favorable net leases, with additional option periods.

FOR SALE DETAILS

PRICE

$2,495,000 USD

PRICE/SF

$134 USD /SF

CAP RATE

7.35%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2011

SPRINKLERS

-

PARKING SPACES

123

LAND DETAILS

LAND ACRES

3.19 AC

LAND SF

138,956 SF

ZONING

Commercial

APN/PARCEL ID

09-17-28-200-032.001-010

ASK ABOUT THIS PROPERTY

Chad FirselQuantum Real Estate Advisors, IncMore Info
312-269-0220

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Chad FirselQuantum Real Estate Advisors, IncMore Info
312-269-0220

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