Listed by Coldwell Banker Commercial Devonshire Realty
$2,100,000
409 W Town Center Blvd
Details
APN 41-20-01-126-047
Property Type Retail
Sub Type Convenience Store, Pharmacy/Drug
Square Footage 9,020
Net Rentable (SqFt) 9,020
Cap Rate 6.00%
Occupancy 25%
Tenancy Multi
Lease Type NNN
Remaining Term 3
Pro-Forma Cap Rate 8.57%
Pro-Forma NOI $180,000
Price per SqFt $233
Year Built 2022
Acreage 0.790
Zoning CG - Commercial General
New Construction
Marketing description
GREAT INVESTMENT OPPORTUNITY!
New Construction with four inline units on Town Center offering with 2 drive-thru suites. Unit sizes start at 2,240 SF range. The space is in vanilla box and has plenty of parking with 30 spaces on site. One signed lease!
Traffic Counts:
W. Town Center Blvd. – 8,500 CPD
N. Neil St. – 10,000 CPD
N. Prospect Ave. – 15,000 CPD
Area Description
The subject property is located just west of the main entrance to new Costco. Major retailers in the area include Menards, Target, Macy’s, Dick’s Sporting Goods, Sam’s Club, Meijer, Aldi, Walmart Supercenter, Ashley Furniture, Kohl’s, PetSmart, Hobby Lobby, and many more.
Listing Contacts
Listed by Coldwell Banker Commercial Devonshire Realty
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