1010-1080 N Morton St - Storefront FOR SALE
Franklin, IN 46131 |
$11,310,000 USD
844-585-7674
1010-1080 N Morton St
Franklin, IN 46131
HIGHLIGHTS
- Franklin Commons is an 85,980 SF Kroger Marketplace Shadow-Anchored Shopping Center
- Kroger Shadow-Anchored: Kroger is the 4th largest retailer in the world with 2,750 grocery stores
- 100% National Tenants including Marshalls (NYSE: TJX; S&P: A), Ross (NYSE: ROST; S&P: BBB+), Five Below, Maurices, PetSmart, and Shoe Dept. Encore
- Below Replacement Cost; $132 PSF
- Offered at a 7.65% Cap Rate with Near-Term Value-Add through Increasing Below-Market Rents
- 9.59% Proforma Cap Rate 3.07% CAGR; 35% NOI growth over 10 Years
FOR SALE DETAILS
PRICE
$11,310,000 USD
PRICE/SF
$132 USD /SF
CAP RATE
7.65%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Franklin Commons | Franklin, IN
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2017
SPRINKLERS
-
PARKING SPACES
424
LAND DETAILS
LAND ACRES
10.2 AC
LAND SF
444,312 SF
ZONING
MXC
APN/PARCEL ID
41-08-15-011-001.006-009
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844-585-7674
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844-585-7674
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