Listed by Marcus & Millichap - Indianapolis
$1,110,000
Access Medical Center
Details
APN 160635140001020016
Property Type Retail
Sub Type Shopping Center, QSR/Fast Food
Square Footage 8,320
Net Rentable (SqFt) 8,320
Cap Rate 7.85%
NOI $87,272
Occupancy 100%
Tenancy Multi
Lease Type Net
Rent Bumps Yes
Year Built 2003
Stories 1
Acreage 0.860
Investment Type Net Lease
Ground Lease No
100% Leased | 7.85% Cap Rate | Minimal LL Responsibilities
Investment highlights
County Seat City | Directly Off I-74 & Along Main Retail Corridor | Surrounded By National Retailers
- Greensburg is the County Seat of Decatur County and Located Directly Off Interstate 74 and Serves as the Retail Hub for Surrounding Area.
- Located Along Main Retail Corridor (Indiana State Road 3) Which Experiences +/-18,000 vehicles-per-day.
- Retailers Withing a One-Mile Radius: Walmart, Goodwill, Starbucks, Chili’s, Zaxby’s, Marshalls, Bath & Body Works, Rent-A-Center, Feeder’s Pet Supply, Jimmy John’s, T-Mobile, Verizon, Jersey Mike’s, Rural King, Harbor Freight and Many More.
- Strong Visibility From Indiana State Road 3 and Access Via Hard-Corner, Signalized Intersection.
100% Occupied Two-Tenant Investment | Annual Rental Increases | Minimal LL Responsibilities
- The Only Landlord Responsibilities are Property Taxes, Insurance and Roof & Structure Repairs, Maintenance and Replacement.
- Tenant Responsibilities Include: Common Area Maintenance, Utilities, Snow & Ice Removal, HVAC Repairs, Maintenance and Replacement and Self-Administer CAM.
- Both Tenants Have Annual Rental Increases During the Base Term of Their Leases.
- Low Price-Point Retail Offering with Underlying Real Estate Value Fundamentals Along Main Retail Corridor.
Listing Contacts
Listed by Marcus & Millichap - Indianapolis
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$87,272.00
$7,272.67/mo
Valuation Metrics
0
DSCR
7.86%
Cap Rate
7.86%
ROI
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