4124 E Market St - Freestanding FOR SALE


Logansport, IN 46947
$1,989,677 USD
781-776-4003
4124 E Market St, Logansport, IN for Sale
$1,989,677 USD
Freestanding - FOR SALE
1/6
null | 7.75% Cap Rate

4124 E Market St
Logansport, IN 46947


HIGHLIGHTS

  • Long Term Leases
  • Attractive Rent Increases
  • Dynamic Corporate Tenants
  • Net Leases
  • Strategic Retail Location

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive sale of a two-tenant plaza located at 4124 E Market Street in Logansport, Indiana (the “Property”). The two-tenant plaza is improved with T-Mobile (corporate location) and McAlister’s Deli and contains 4,900 square feet. T-Mobile has 6 years remaining on their lease with two (2), 5-year renewal options. McAlister’s Deli has 9+ years remaining on their lease with two (2), 5-year renewal options. Both leases feature attractive rent increases throughout the primary lease and renewal options. The Property is extremely well-located at the signalized intersection of Yorktown Road and E Market Street, the area’s primary commercial corridor. The Property is positioned within The Junction, a large regional retail development anchored by Walmart Supercenter, The Home Depot andHome2 Suites by Hilton. The Junction also features junior anchors and smaller retailers as well as several restaurants. T-Mobile & McAlister’s Deli are poisoned at one of the entrances to The Junction directly in front of Home Depot. E Market Street has seen significant development over the past few years and is home to countless national and local retailers and restaurants and several nationally branded hotels, all of which drive traffic to the area and provide a built-in customer base. The Property offers convenient access to area schools, Downtown Logansport, US Highways 35 and 24, and Logansport Memorial Hospital.

FOR SALE DETAILS

PRICE

$1,989,677 USD

PRICE/SF

$406 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

T-Mobile & McAlisters Deli

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.21 AC

LAND SF

52,708 SF

ZONING

-

APN/PARCEL ID

09-17-28-240-002.000-010

ASK ABOUT THIS PROPERTY

Robert HorvathHorvath & TremblayMore Info
781-776-4003

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Robert HorvathHorvath & TremblayMore Info
781-776-4003

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