1106 W Mulberry - Freestanding FOR SALE


Salem, IN 47167
$645,000 USD
480-221-4221
1106 W Mulberry, Salem, IN for Sale
$645,000 USD
Freestanding - FOR SALE
1/4
null | 5.3% Cap Rate

1106 W Mulberry
Salem, IN 47167


HIGHLIGHTS

  • 9+ Years Remaining | Options To Extend | Long-Term Operating History
  • NN Lease | Fee Simple Ownership | Minimal Landlord Responsibilities
  • W Mulberry St (14,200 VPD) | Retail Corridor |Strong National/Credit Tenant Presence
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

• The tenant recently signed a brand new 10-year lease extension with 3 (5-year) options to extend, demonstrating their commitment to the site • The lease features flat rent throughout the remainder of the term and variable increases at the beginning of each option period, steadily growing NOI and hedging against inflation • O’Reilly has operated at the site for over 19 years

FOR SALE DETAILS

PRICE

$645,000 USD

PRICE/SF

$86 USD /SF

CAP RATE

5.3%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

O'Reilly | 9+yr Corp NN | Long Term Occupancy

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

43

LAND DETAILS

LAND ACRES

1.23 AC

LAND SF

53,579 SF

ZONING

Commercial

APN/PARCEL ID

88-24-18-331-001.000-022

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.