2626 Central Ave - Freestanding FOR SALE


Lake Station, IN 46405
$723,172 USD
248-833-6696
2626 Central Ave, Lake Station, IN for Sale
$723,172 USD
Freestanding - FOR SALE
1/6
null | 8.7% Cap Rate

2626 Central Ave
Lake Station, IN 46405


HIGHLIGHTS

  • NN Lease/Minimal Landlord Responsibilities
  • Population exceeds 102K within a 5 Mile Radius
  • Family Dollar, a renowned tenant, has demonstrated its commitment to the site through extensive H2 renovations in 2022
  • This store is a strong performer, consistently meeting or exceeding sales expectations

OVERVIEW

Exclusive Realty is pleased to present this exceptional investment opportunity in Lake Station, IN: a meticulously-maintained Family Dollar store with a NN lease. With a strong performance history and consistent returns, this property offers a compelling investment. Additionally, the .79 acres of vacant land provides value-add potential. Strategically positioned and ideal for a 1031 exchange, seize this opportunity to enhance your portfolio.The property boasts new HVAC units installed in 2020, ensuring ecient climate control, and a newly paved parking lot in 2022, providing a fresh and appealing look to the site. With .79 acres of vacant land available, valued at $50,000 based on sales comps, there is an excellent opportunity for expansion, redevelopment, or income generating projects.

FOR SALE DETAILS

PRICE

$723,172 USD

PRICE/SF

$66 USD /SF

CAP RATE

8.7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

1.97 AC

LAND SF

85,726 SF

ZONING

R33

APN/PARCEL ID

45-09-17-326-011.000-021

ASK ABOUT THIS PROPERTY

Shelby SagmaniExclusive RealtyMore Info
248-833-6696

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Shelby SagmaniExclusive RealtyMore Info
248-833-6696

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