Listed by Bradley Company Fort Wayne
$325,000
516 S. Washington St
Details
APN 27-07-06-402-162.000-002
Property Type Retail
Sub Type Storefront
Square Footage 4,132
Units 1
Cap Rate 10.00%
NOI $32,790
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Expiration 11/08/2028
Price per SqFt $79
Year Built 1920
Buildings 1
Stories 1
Acreage 0.100
Zoning LC/TC - Limited Commercial/Town Center
Investment Type Owner/User
Retail | 10.00% CAP | 4,132 SqFt
Marketing description
The retail property at 516 S. Washington St. in Marion, IN, presents an excellent opportunity for investors seeking a profitable venture. This 4,132 square-foot building, originally constructed in 1920, is well-suited for personal services or retail businesses in a central location. Its position in a key commercial area boosts visibility and foot traffic, enhancing revenue potential.
Marion's growing market trends and stable community make it an attractive spot for long-term investment . It is seeing promising trends in its retail market, driven by a shift toward community-centric and experiential retail spaces. Retailers are focusing on strategies that not only foster brand loyalty but also supports regional businesses, contributing to a stronger local economy. Additionally, there is a growing emphasis on integrating technology and sustainable practices, making retail spaces more adaptable and customer-friendly. These trends position Marion’s retail sector for steady growth and profitability in the coming years, appealing to investors looking for stable, community-driven markets .
Investment highlights
- Automotive Color & Supply Corporation, a leading distributor of automotive and industrial coatings, anchors the property
- This established tenant operates 10 locations across Indiana and Illinois, ensuring strong regional stability
- A 10% cap rate with a NNN lease structure, and an attractive investment, offer minimal landlord responsibilities and scheduled rental increases
- Located in close proximity to downtown Marion, this prime location enhances accessibility and visibility making it a compelling investment opportunity
- A long-term lease structure and a reputable tenant in a crucial industry ensure a steady and profitable income stream
Listing Contacts
Listed by Bradley Company Fort Wayne
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$32,790.00
$2,732.50/mo
Valuation Metrics
0
DSCR
10.09%
Cap Rate
10.09%
ROI
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