Listed by Bang Realty, Encore Real Estate Investment Services
$1,448,480
AutoZone & Family Dollar
Details
Property Type Retail
Sub Type Auto Shop, Convenience Store
Square Footage 20,160
Cap Rate 8.06%
NOI $116,771
Occupancy 100%
Tenancy Multi
Brand/Tenant Family Dollar, AutoZone
Lease Type Net
Remaining Term 5
Price per SqFt $72
Year Built 1974
Year Renovated 2022, 2025
Acreage 1.680
Ground Lease No
Two Tenant Retail Center For Sale | Both Tenants Have 18+ Years Occupancy
Marketing description
Investment highlights
- Two tenant retail center with significantly below market rents
- AutoZone recently exercised a 10-year extension | 9% rent increase in base term and options
- New HVAC (2025) replaced by Family Dollar | Tenant also exercised a 5-year extension
- Both tenants have a long history at this location of 18-Years
- Exterior Landlord upgrades in 2022 and 2025 including facade and parking lot valued at more than $70,000
- Frontage directly on N. Washington | 14,300 vehicles per day
- Two new EV battery manufacturing plants to the area | One in 2025 and the other 2027 | $2.5 billion and $3.2 billion, respectively
- Four miles from Community Howard Regional Health | 111 acute care beds 1.5 Miles from Kokomo Speedway | 5,000-6,000 spectators per event, 20+ events a season
Listing Contacts
Listed by Bang Realty, Encore Real Estate Investment Services
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$116,771.00
$9,730.92/mo
Valuation Metrics
0
DSCR
8.06%
Cap Rate
8.06%
ROI
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