551 N Line St - Freestanding FOR SALE
Columbia City, IN 46725 |
$1,625,000 USD
602-687-6681
551 N Line St
Columbia City, IN 46725
HIGHLIGHTS
- 10+ Years Remaining on Lease with ALDI
- Fee Simple Depreciation Available
- 5% Rental Increase Occurring in July 2031, with 5% Increases Occurring in Each of Three, Five-Year Renewal Options
- Located in a Dense Retail Corridor, Surrounded by National Tenants: Walmart, Dollar Tree, Kroger, Starbucks, McDonald’s, Burger King, and More
- Excellent Highway Frontage, Accessible by ±24,400 Cars per Day Along Highway 30
- Growing Trade Area in the Fort Wayne MSA - 33,742 Residents within a 10-Mile Radius
OVERVIEW
ALDI is an international grocery chain and is one of the United States’ fastest-growing retailers, serving over 50 million customers across the country each month. ALDI offers high quality, award-winning products at an affordable price.
Columbia City is a city in Columbia Township, Whitley County, in the state of Indiana. The county seat of Whitley County, Columbia City is home to approximately 10,000 residents.
FOR SALE DETAILS
PRICE
$1,625,000 USD
PRICE/SF
$73 USD /SF
CAP RATE
4.42%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
ALDI
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Convenience Store, Drug Store, Supermarket
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1985
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.37 AC
LAND SF
59,677 SF
ZONING
General Business
APN/PARCEL ID
92-06-03-243-001.000-004
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602-687-6681
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602-687-6681
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