215 S Creasy Ln - Auto Repair FOR SALE
Lafayette, IN 47905 |
$2,390,000 USD
407-557-3824
215 S Creasy Ln
Lafayette, IN 47905
HIGHLIGHTS
- Corporate guaranty — lease guaranteed by Wand Newco 3, Inc., parent of Caliber Collision, the largest collision repair operator in the U.S.
- 2% annual rent increases — every year of the term and both renewal options, no flat periods. Yield grows to 7.50% by base-term expiration
- Prime signalized corner — 8,246 SF on 0.87 acres with full drive-around access and 10 grade-level roll-up doors
- Fronts South Creasy Lane at 26,282 VPD, 2,200 feet south of SR 26 & Creasy, the busiest intersection in Tippecanoe County at 32,069 VPD
- Proven location — Caliber acquired the prior operator, Collision Express, at this site and leased the real estate to continue running it
- Growth market — nearly $6 billion of announced investment across Greater Lafayette, led by SK hynix's $3.87 billion semiconductor plant
FOR SALE DETAILS
PRICE
$2,390,000 USD
PRICE/SF
$290 USD /SF
CAP RATE
6.79%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Auto Repair
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1996
SPRINKLERS
-
PARKING SPACES
46
LAND DETAILS
LAND ACRES
0.87 AC
LAND SF
37,897 SF
ZONING
GB
APN/PARCEL ID
79-07-26-251-004.000-004
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407-557-3824
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407-557-3824
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