795 Michigan Rd - Service Station FOR SALE


Plymouth, IN 46563
$2,500,000 USD
954-312-1676
795 Michigan Rd, Plymouth, IN for Sale
$2,500,000 USD
Service Station - FOR SALE
1/17
null | 7.02% Cap Rate

795 Michigan Rd
Plymouth, IN 46563


HIGHLIGHTS

  • Multi-tenant Phillips 66 Service Station & Arby's Quick Service Restaurant
  • Moody's Credit Rating: Phillips 66 - Baa1 & Inspire Brands (Arby's Parent Company) - B2
  • Two (2) Triple Net Leases; both tenants still in their 20-year lease term with attractive options to extend their lease term
  • Strong Demographics - Average Household Income in Excess of $82,357 Within a 5-Mile Radius
  • Property is across the street from a well-performing McDonald's and the next QSR is over 5 miles away
  • Recently Renewed 5-year Lease From Arby’s showing commitment to the location

OVERVIEW

Franklin Street is pleased to exclusively present for sale a premier investment opportunity featuring a multi-tenant property comprising a Phillips 66 Service Station and an Arby’s Quick Service Restaurant, strategically located in a thriving area with robust economic demographics and high traffic visibility. Both national, credit tenants with strong corporate guarantees. Located in Plymouth, Indiana at a 7.02% cap rate this is a great investment for an investor looking for a stable cash flow.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$470 USD /SF

CAP RATE

7.02%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Phillips 66 Multi-Tenant Service Station

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1981

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

2.17 AC

LAND SF

94,525 SF

ZONING

C

APN/PARCEL ID

50-52-95-404-424.000-010

ASK ABOUT THIS PROPERTY

Kaylan KnitowskiFranklin StreetMore Info
954-312-1676

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Kaylan KnitowskiFranklin StreetMore Info
954-312-1676

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