3308 N Wayne St - Retail FOR SALE


Angola, IN 46703
$4,050,000 USD
317-408-0886
3308 N Wayne St, Angola, IN for Sale
$4,050,000 USD
Retail - FOR SALE
1/5
null | 7% Cap Rate

3308 N Wayne St
Angola, IN 46703


OVERVIEW

Veritas Realty is pleased to exclusively offer Tri-State Plaza, a 26,450 sf neighborhood shopping center located along the primary retail corridor in Angola, IN. Situated adjacent to Kohl's and surrounded by national retailers including Meijer, Walmart, Menards, TJ Maxx(new), Hobby Lobby, and Aldi, the Property benefits from exceptional regional visibility and serves as a dominant retail destination for area. With a weighted average lease term of approximately 5.3 years, contractual rent growth, and strong expense recoveries, Tri-State Plaza provides investors with stable in-place cash flow while offering meaningful upside through the lease-up of the remaining vacancy and future rental growth.

FOR SALE DETAILS

PRICE

$4,050,000 USD

PRICE/SF

$153 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

100

LAND DETAILS

LAND ACRES

3.97 AC

LAND SF

172,933 SF

ZONING

C2

APN/PARCEL ID

76-06-11-000-040.000-012

ASK ABOUT THIS PROPERTY

Jon BannisterVeritas RealtyMore Info
317-408-0886

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Jon BannisterVeritas RealtyMore Info
317-408-0886

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