Listed by Veritas Realty
$1,839,360
Verizon (The Cellular Connection)
Details
APN 55-13-08-230-015.101-021
Property Type Retail
Sub Type Storefront
Square Footage 2,000
Cap Rate 6.25%
NOI $114,960
Occupancy 100%
Tenancy Single
Lease Type NN+
Lease Term 10
Lease Expiration 11/30/2035
Remaining Term 9.4
Rent Bumps Yes
Lease Options Three Options of 5-Years
Price per SqFt $920
Acreage 0.990
Parking Spaces 15 spaces
Parking Per SqFt 7.50
Tenant Credit Franchisee
Lease Commencement 12/01/2025
Ground Lease No
NN+ | Relocated Store | 10 Years
Investment highlights
- Relocated Store: Backed by 20+ years of success in this market
- Brand-New Construction: 10-Year Primary Lease Term with Three (3) Five-Year Renewal Options
- TCC: Verizon Authorized Retailer with 30+ Years of Operating History and 549 Locations in 42 States
- NN+ Lease: Minimal Landlord Responsibilities
- Surrounding National Tenants: Kroger, McDonald’s, Taco Bell, Starbucks, Culver’s, Wendy’s, Planet Fitness, & many more
- Location: 40 Minutes to Downtown Indy and 20 Minutes to IU Bloomington (51,000 Students)
Listing Contacts
Listed by Veritas Realty
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$114,960.00
$9,580.00/mo
Valuation Metrics
0
DSCR
6.25%
Cap Rate
6.25%
ROI
Map
Zoning
B2 CommercialRetail CommercialRetail Business
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View all 233 uses Last updated Feb 27, 2026 For deeper zoning details, reports are available at Zoneomics
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