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2020 E Markland Avenue, Kokomo, IN

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2020 E Markland Avenue

Kokomo, IN 46901

Property Type:Office Sub Type:- Status:Existing Year Built:-
Stories:1 Typical Floor:- Building Size:2,353 SF
For Sale Price:$1,364,000 Price/SF:$579.69
Cap Rate:7.00 %

Sale Notes:
Marcus & Millichap is pleased to exclusively present this single-tenant net-leased Verizon Wireless located in Kokomo, Indiana. The subject property consists of a 2,343-square foot structure situated on approximately 0.46 acres of land. The property is on a 10-year triple-net (NNN) lease with Moorehead Communications d/b/a The Cellular Connection, LLC. The rent commenced on October 1st, 2012 and there are currently six years remaining on the lease. There is a five percent rent increase in year five and ten percent increases in each of the two five-year renewal options. The tenant has a successful operating history in the Kokomo market.

Marcus & Millichap Inc
Darpan Patel
(513) 878-7723

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