508 E Southway Blvd - Freestanding FOR SALE


Kokomo, IN 46902
$1,360,000 USD
812-243-0930
508 E Southway Blvd, Kokomo, IN for Sale
$1,360,000 USD
Freestanding - FOR SALE
1/9
null | 7.8% Cap Rate

508 E Southway Blvd
Kokomo, IN 46902


OVERVIEW

This 2 tenant building located on high traffic - Southway Blvd. is longtime home of ATI Physical Therapy and recently home of a very experienced restaurant with multiple locations. NOI of $105,630 (7.8% Cap Rate). Property in great condition and great investment opportunity. Contact LA. ATI NNN Lease 55% & Ramen Tea set NNN contribution of $17,124 toward TX, CAM, Insurance. Leaving owner with only $1,100 expenses per year.

FOR SALE DETAILS

PRICE

$1,360,000 USD

PRICE/SF

$284 USD /SF

CAP RATE

7.8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

Commercial

APN/PARCEL ID

34-10-18-101-031.000-002

ASK ABOUT THIS PROPERTY

Dave CashRemax/Rl Est AssocMore Info
812-243-0930

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Dave CashRemax/Rl Est AssocMore Info
812-243-0930

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