601 Mt Tabor Rd - Auto Repair FOR SALE


New Albany, IN 47150
$2,400,000 USD
332-345-4222
601 Mt Tabor Rd, New Albany, IN for Sale
$2,400,000 USD
Auto Repair - FOR SALE
1/2
null | 7% Cap Rate

601 Mt Tabor Rd
New Albany, IN 47150


HIGHLIGHTS

  • Long-Term, 20-Year Absolute Triple Net (NNN) Lease
  • Attractive Rental Increases
  • Corporate Guarantee
  • Several Tenant Renewal Options

OVERVIEW

NNN Pro is pleased to present the exclusive listing for a Main Street Auto located at 601 Mt Tabor Rd, New Albany, IN. The site consists of roughly 7,000 rentable square feet of building space on an estimated 1.53-acre parcel of land. This Main Street Auto is subject to a 20 Years-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $168,000 and has scheduled increases of 2.00% annually.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$384 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Main Street Auto

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

47

LAND DETAILS

CROSS STREETS

Mt Tabor Rd

LAND ACRES

1.53 AC

LAND SF

66,647 SF

ZONING

-

APN/PARCEL ID

22-05-01-400-133.000-008

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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