4740 National Rd E - Freestanding FOR SALE
Richmond, IN 47374 |
$1,076,000 USD
954-302-7365
4740 National Rd E
Richmond, IN 47374
HIGHLIGHTS
- Recent 5-Year Lease Renewal | Commitment To The Site | Additional Options To Extend | $1 PSF Rental Increase
- NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
- Dense Retail Corridor | Strong Tenant Synergy
- Strong Frontage On National Rd E (15,000 VPD) | Proximity To I-75
- Strong Demographics Trade Area
OVERVIEW
• The tenant, Petland, Inc., recently exercised a 5-year lease renewal, demonstrating their long-term commitment to the location
• One (1) additional 5-year renewal option remains, featuring a flat $1 PSF annual rental increase, supporting future income growth and providing a built-in inflation hedge
FOR SALE DETAILS
PRICE
$1,076,000 USD
PRICE/SF
$178 USD /SF
CAP RATE
7.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Petland - Richmond IN
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1987
SPRINKLERS
-
PARKING SPACES
20
LAND DETAILS
LAND ACRES
0.53 AC
LAND SF
23,087 SF
ZONING
-
APN/PARCEL ID
89-16-35-440-102.000-030
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954-302-7365
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954-302-7365
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