4120 Franklin St - Retail FOR SALE


Michigan City, IN 46360
$4,620,000 USD
203-253-9455
4120 Franklin St, Michigan City, IN for Sale
$4,620,000 USD
Retail - FOR SALE
1/3
null | 6.75% Cap Rate

4120 Franklin St
Michigan City, IN 46360


HIGHLIGHTS

  • Bonus Depreciation
  • Corporate Guarantee from Tsunami Express Car Wash (70+ Units)
  • Institutionally Backed
  • 20-Year Absolute Triple Net (NNN) Lease

OVERVIEW

Surmount is pleased to present the exclusive listing for a Tsunami Express Car Wash located at 4120 Franklin Street, Michigan City, IN 46360. The site consists of roughly 3,416 rentable square feet of building space on an estimated .98-acre parcel of land. Tsunami Express Car Wash is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $311,850 and has scheduled increases of 2.00% Annually.

FOR SALE DETAILS

PRICE

$4,620,000 USD

PRICE/SF

$1,352 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tsunami Express Car Wash

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.98 AC

LAND SF

42,689 SF

ZONING

-

APN/PARCEL ID

46-05-09-101-013.000-009

ASK ABOUT THIS PROPERTY

Edward OtockaSurmountMore Info
203-253-9455

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Edward OtockaSurmountMore Info
203-253-9455

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