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29579135
29579134

570 Saraina Rd, Shelbyville, IN 46176 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
$2,189,415
163 days on market
Updated 18 days ago

Goodwill

Details
Property Type Retail
Sub Type Convenience Store, Shopping Center (+1)
Square Footage 12,375
Cap Rate 6.5%
NOI $142,313
Occupancy 100%
Tenancy Single
Brand/Tenant Goodwill
Lease Type NN
Lease Term 10
Lease Expiration 06/30/2031
Remaining Term 5
Rent Bumps Yes
Lease Options (4) 5 Year Options with Increases
Price per SqFt $177
Buildings 1
Stories 1
Acreage 1.900
Investment Type Net Lease
Tenant Credit Corporate Guarantee

Exclusively Listed

Marketing description

Welcome to GOODWILL - a prime investment opportunity located at 570 Saraina Rd, Shelbyville, IN 46176. This exclusive listing boasts immense potential for savvy investors looking to expand their portfolio in the vibrant Shelbyville area. Discover a hidden gem with endless possibilities at GOODWILL.

From its desirable location to its development prospects, this property is a rare find in today's market. Whether you're seeking a new project or a lucrative income-generating asset, this offering ticks all the boxes. Please note that all materials and information provided are confidential and subject to a thorough due diligence process.

Take the opportunity to explore GOODWILL and unlock the value it holds for your investment goals. Don't miss out on the chance to make GOODWILL your next successful venture. Contact us today for more information and take the first step towards securing this exceptional property in Shelbyville.

Investment highlights

  • 5+ Years Of Lease Term Remaining | Secure, Long-Term Tenancy In Place

  • Established Location Since 2009

  • Institutional-Quality Tenant | Goodwill Industries Of Central & Southern Indiana Operates Over 75 Retail Stores, 4 Outlets, 3 Boutiques, And 3 Donation Centers With 3,700+ Employees

  • Proven Commitment To Site | Tenant Has Already Executed Two Lease Extensions

  • Premium Retail Location | 1.90-Acre Parcel Directly Adjacent To Kroger-Anchored Shopping Center

  • Excellent Accessibility & Visibility | Less Than Five Minutes From I-74 (Exit 116) With 39,117 Vehicles Per Day

  • Increased Traffic from W Indiana 44 Averaging 23,400+ Vehicles Per Day

  • Built-In Rental Growth | Scheduled Rent Increases During Each Option Period

  • Surrounded By Destination Retailers | Walmart Supercenter, Aldi, Kroger, Walgreens, McDonald’s, Taco Bell, Arby’s, And More

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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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$142,313.00
$11,859.42/mo

Valuation Metrics

0
DSCR
6.5%
Cap Rate
6.5%
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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