4502 N Shadeland Ave - Freestanding FOR SALE


Indianapolis, IN 46226- Devington
$1,192,000 USD
513-272-6800
4502 N Shadeland Ave, Indianapolis, IN for Sale
$1,192,000 USD
Freestanding - FOR SALE
1/4
null | 7.58% Cap Rate

4502 N Shadeland Ave
Indianapolis, IN 46226
Devington


HIGHLIGHTS

  • High Traffic Exposure: Over 24,000 vehicles per day on N. Shadeland Avenue and over 23,000 vehicles per day on E. 46th Street.
  • Strategic Location: Situated just west of I-465, a major highway w/ traffic volume of 18,751 vehicles per day, providing easy access to the property.

OVERVIEW

Purchase Price: $1,192,000 CAP Rate: 7.58% Current Annual DG Rent: $87,242 NN Current Annual Billboard Rent: $3,115.93 (Increases Annually). Total Rent: $90,358.33. Real Estate Taxes: Tenant Reimburses. Insurance: Tenant Reimburses. Grounds Maintenance: Tenant pays $373.00 per month plus snow removal costs Interior Tenant. HVAC Maintenance & Replacement: Landlord responsible for repairs over $1,000 and replacement.

FOR SALE DETAILS

PRICE

$1,192,000 USD

PRICE/SF

$132 USD /SF

CAP RATE

7.58%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

1.17 AC

LAND SF

50,965 SF

ZONING

C-1

APN/PARCEL ID

49-07-14-123-002.000-401

ASK ABOUT THIS PROPERTY

Christopher NachtrabLee & AssociatesMore Info
513-272-6800

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Christopher NachtrabLee & AssociatesMore Info
513-272-6800

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