3900 Lexington Rd - Storefront FOR SALE
Logansport, IN 46947 |
3900 Lexington Rd
Logansport, IN 46947
HIGHLIGHTS
- Value-Add Opportunity; 80% leased multi-tenant retail opportunity with +/- 3,700 SF of vacancy providing immediate upside for a new owner
- High Historical Occupancy; 4 of the 5 current tenants have been operating at this location since 2011 showing the tenants strong commitment
- Strong Tenant Mix; Complimentary mix of national and local retailers all signed to landlord favorable net leases, with additional option periods
- Out-lot Development Potential; Ability to parcel off and develop a roughly ½ acre out lot parcel
- Surrounded by tenants such as; Walmart, The Home Depot, Planet Fitness, Dunham’s Sports, Dollar Tree, McAlister’s Deli, Culver’s, Taco Bell, and more
- Strong Demographics; Located in a densely populated and middle-class area with over 25,061 residents and an average household income of $75,100
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
TOTAL BUILDING SIZE
18600
STORIES
1
YEAR BUILT
2011
SPRINKLERS
-
PARKING SPACES
123
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
09-17-28-200-032.001-010
