3225 E Market St - Fast Food FOR SALE
Logansport, IN 46947 |
$1,760,000 USD
843-510-0551
3225 E Market St
Logansport, IN 46947
HIGHLIGHTS
- 20-Year Absolute Triple Net Lease With Zero Landlord Responsibilities and Rare Corporate Guaranty - Lease Will Commence at the Close of Escrow
- Lease Features 10% Rental Increases Every 5 Years, Ensuring Steady Income Growth
- This Property is Ideally Situated Off East Market Street Which Sees Over 12,000 Vehicles Per Day
- Scooter's Coffee Was Founded in 1988 in Bellevue, Nebraska and Has Been in Business For More Than 20 Years
- Nearby Tenants Include: McDonald's, Dollar General Anchored Shopping Center, Speedway, Anytime Fitness, Applebees, KFC, Aaron's Rent-To-Own
OVERVIEW
Sands Investment Group Is Pleased to Exclusively Offer For Sale the 688 SF Scooter's Coffee Located at 3225 East Market Street in Logansport, IN. This Deal Includes a Corporate Guaranteed Absolute Triple Net (NNN) Investment With Zero Landlord Responsibilities. A 20-Year Lease With 10% Increases Every 5 Years Will Commence at the Close of Escrow, Providing For a Secure Investment.
In Cooperation With Sands Investment Group Indiana, LLC - Lic. #RC52000211 BoR: Andrew Ackerman - Lic. IN #RB20001918
FOR SALE DETAILS
PRICE
$1,760,000 USD
PRICE/SF
$2,573 USD /SF
CAP RATE
6.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Scooter's Coffee - Logansport, IN
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Restaurant, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2000
SPRINKLERS
-
PARKING SPACES
7
LAND DETAILS
LAND ACRES
0.5 AC
LAND SF
21,780 SF
ZONING
C
APN/PARCEL ID
09-17-60-160-017.000-010
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843-510-0551
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