4124 E Market St, Logansport, IN 46947 For Sale

LONG TERM LEASES: T-Mobile (corporate location) has been at this location since it was constructed in 2021 and has 6-years remaining on their lease with two (2), 5-year renewal options. McAlister’s Deli opened in 2024 and has 9+ years remaining on their lease with two (2), 5-year renewal options.

ATTRACTIVE RENT INCREASES: T-Mobile’s lease features attractive 10% rent increases every five years throughout the primary lease terms and at the start of each renewal option. McAlister’s Deli’s lease calls for a 15% rent increase after year 5 of the primary lease term and 2% annual increases throughout both renewal options providing the investor with an attractive increase in revenue and a hedge against inflation.

DYNAMIC CORPORATE TENANTS: T-Mobile is the second-largest wireless carrier in the United States, with 131 million subscribers as of the end of Q1 2025. The company had annual service revenues of over $66.2 billion in 2024. McAlister’s Deli has 575 locations in 30 states and is continuing to aggressively expand its footprint.

NET LEASES: T-Mobile reimburses their pro-rata share of Real Estate Taxes, Insurance and Common Area Maintenance. They have a 5% CAM Cap on controllable operating expenses (excluding Snow Removal & Salting, Utilities, Insurance & CCR Pass-through Costs). McAlister's Deli reimburses their pro-rata share of Real Estate Taxes, Insurance and Common Area Maintenance. The net leases protect against rising operating costs.

STRATEGIC RETAIL LOCATION: Shadow anchored by Home Depot, the Property enjoys outstanding frontage, visibility and signage at the signalized intersection of Yorktown Road and E Market Street, the area’s primary commercial corridor. The Property is positioned at one of the entrances to The Junction, a large regional development that is anchored by Walmart Supercenter, Home Depot and Home2 Suites. T-Mobile and McAlister’s Deli are surrounded by national retailers and restaurants that drive traffic to the area and enjoy convenient access to area public schools, residential neighborhoods, several large residential complexes, and Logansport Memorial Hospital providing a captive customer base.

ECONOMIC DRIVERS: The city's economy is diverse, with manufacturing being the largest sector, employing over 3,000 individuals. Tyson Foods, a major pork processing facility, stands as the largest employer with around 2,000 employees. Other significant employers include Logansport Community School Corporation, Memorial Hospital, and Logansport State Hospital. The healthcare and social assistance sector employs over 1,200 people, while retail trade accounts for approximately 788 jobs.

TRAFFIC COUNTS: Approximately 12,700 vehicles pass the Property each day along E Liberty Street.

DEMOGRAPHICS: Over 16,200 people live within 3 miles of the Property with an average household income of $72,688. More than 35,100 people live within 5 miles of the Property with an average household income of $76,614.

RETAIL TRADE AREA: Retailers bringing consumers to the retail trade area include Walmart Supercenter, Home Depot, Aldi, Ruler Foods, Martin’s Super Market, Harbor Freight, Rural King, Dunham Sports, Five Below, Planet Fitness, Fast Pace Urgent Care, CVS, Walgreens, O’Reilly Auto Parts, AutoZone, Maurice’s, Dollar Tree, Buffalo Wild Wings, Applebee’s, McDonald’s, Wendy’s, Burger King, KFC, Taco Bell, Dairy Queen Grill & Chill, Culver’s, Bob Evans, Jimmy John’s, Domino’s, Pizza Hut, Dunkin’ and Scooter’s Coffee