Property History
Property Type
Property Type
Property Subtype
Marketing Description
Mark T's Slab House is a free-standing restaurant with a drive-thru on a corner lot. The restaurant is 772 SF and sits on 0.35 acres with excellent visibility. Mark T's has been at this location since 11/1/15. The lease auto-renews for a 1 year term annually on November 1st. However, the lease can be terminated within 60 days if the property is sold.
The adjacent buildings at 4902-4908 Preston are also available for sale from the same ownership group at $499,000. The buildings consist of 8033 SF on 0.45 acres. Two tenants (Havana Express and Gordo's Tires) occupy approximately 4405 SF of combined space and provide $27,000 in annual income. There is roughly 1850 SF of vacant space that could be occupied by an end user. The space could also be leased and the property sold as an investment with 3 tenants.
Investment Highlights
- The restaurant is 772 SF and sits on 0.35 acres with excellent visibility
- Mark T's Slab House is a free-standing restaurant with a drive-thru on a corner lot
- The lease auto-renews for a 1 year term annually on November 1st. However, the lease can be terminated within 60 days if the property is sold
Loan History
Financial History
Tax History
Contact Information
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Ownership Information
Property Details
There are no additional details for this property
Contacts
Listing removed on
BY:
Dean Wells
•••.•••.1518
••ells@••••••••.com
Map
Comparable Properties
Rental Market Overview
This rental data is based on the nearest market to this property: Clarksville, In.
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Clarksville, In (nearest market)
New Albany, In
Jeffersonville, In
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