609 W Temperance St - Retail FOR SALE


Ellettsville, IN 47429
$830,769 USD
408-510-9057
609 W Temperance St, Ellettsville, IN for Sale
$830,769 USD
Retail - FOR SALE
1/7
null | 6.5% Cap Rate

609 W Temperance St
Ellettsville, IN 47429


HIGHLIGHTS

  • Brand New 15 Year NNN Lease That Commences at the Close of Escrow
  • Lease Will Carry Extremely Strong Personal Guaranty (Inquire w/ Broker for Details)
  • Lease includes a 10% rental increase every 5 years, including during each of the four (4), five (5) year extension options
  • Just a half mile from the local high school, middle school and primary school and within close walking distance to several local churches

OVERVIEW

Boasting prime visibility on a high-traffic intersection, part of the booming Bloomington MSA, this property offers a brand-new 15-year NNN lease (to commence at closing) backed by a high net worth personal guaranty. The tenant, BIGGBY Coffee, an established brand with over 400 locations nationwide, commits to periodic rental increases and holds a community-focused approach with a diverse menu including specialty coffee drinks and breakfast items. Surrounded by schools, fitness centers, and other amenities, this property benefits from its strategic location near major thoroughfares and a growing residential population.

FOR SALE DETAILS

PRICE

$830,769 USD

PRICE/SF

$617 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

BIGGBY COFFEE | 15yr Leaseback | 6.50% Cap

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Fast Food, Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,553 SF

ZONING

Commercial

APN/PARCEL ID

53-04-10-200-172.000-013

ASK ABOUT THIS PROPERTY

Tyler BindiMarcus & MillichapMore Info
408-510-9057

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Tyler BindiMarcus & MillichapMore Info
408-510-9057

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