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29578695
29578696

1950 E Walnut St, Frankfort, IN 46041 For Sale

BB
IN RB14037939, OH BRK.200900214 (+21)
Bang Realty
DB
MI 6502378067, OH BRKP.2020008390
Encore Real Estate Investment Services
KR
OK 174455
Encore Real Estate Investment Services
RV
MI MI 6502375353
Encore Real Estate Investment Services
HR
MI 6501437404
Encore Real Estate Investment Services
GN
MI 6501466987
Encore Real Estate Investment Services
Listed by Bang Realty, Encore Real Estate Investment Services
$2,352,000
164 days on market
Updated 19 days ago

Goodwill

Details
Property Type Retail
Sub Type Convenience Store, Shopping Center (+1)
Square Footage 12,500
Cap Rate 5.5%
NOI $129,375
Occupancy 100%
Tenancy Single
Brand/Tenant Goodwill
Lease Type NN
Lease Term 15
Lease Expiration 05/01/2037
Remaining Term 10.8
Rent Bumps Yes
Lease Options 2 Five (5) Year Options
Price per SqFt $188
Buildings 1
Stories 1
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 05/01/2022

Exclusively Listed

Marketing description

Introducing GOODWILL, a prime property located at 1950 E Walnut St, Frankfort, IN 46041. This exclusive listing offers a rare investment opportunity in a sought-after location.

With potential for development and a range of possible uses, GOODWILL is a versatile property awaiting a savvy investor or developer. The property is surrounded by thriving businesses and a growing community, making it an ideal location for various ventures. Please note that all information provided is for reference only.

Interested parties are encouraged to conduct their own due diligence and verify all details to ensure the property meets their specific requirements. Don't miss out on the chance to own GOODWILL - contact us today to explore this exceptional opportunity before it's gone!

Investment highlights

  • 2022 New Construction | 11 Years Remaining on Lease | Single Tenant Building

  • Below Market Rents of just $10.35 Per Square Foot

  • Located in a Dense Traffic Area with Over 14,000 VPD Reported on E. Walnut | Over 15,000 VPD Reported on Wabash

  • Multiple Access Points | Plenty of Parking with over 50 Surface Level Spaces

  • Located Near National Tenants such as Dollar General, Jackson Hewitt, Verizon Wireless, Allstate and Walmart

  • Strong Community Integration with Goodwill’s nonprofit model tied to local employment and social programs

  • Frankfort is the county seat of Clinton County, which provides a consistent employment base from government offices, courts, schools, and regional healthcare facilities

  • Regional Connectivity | Located along State Road 28, with convenient access to Lafayette and the Greater Indianapolis metro

Listing Contacts

BB
IN RB14037939, OH BRK.200900214 (+21)
Bang Realty
DB
MI 6502378067, OH BRKP.2020008390
Encore Real Estate Investment Services
KR
OK 174455
Encore Real Estate Investment Services
RV
MI MI 6502375353
Encore Real Estate Investment Services
HR
MI 6501437404
Encore Real Estate Investment Services
GN
MI 6501466987
Encore Real Estate Investment Services
Listed by Bang Realty, Encore Real Estate Investment Services

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$129,375.00
$10,781.25/mo

Valuation Metrics

0
DSCR
5.5%
Cap Rate
5.5%
ROI

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Additional Information

Name
Brian Brockman
License
RB14037939
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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