621 E North St - Bank FOR SALE
Kendallville, IN 46755 |
$1,840,000 USD
843-510-0551
621 E North St
Kendallville, IN 46755
HIGHLIGHTS
- 20-Year Absolute Triple Net Lease With Zero Landlord Responsibilities and Rare Corporate Guaranty - Lease Will Commence at the Close of Escrow
- Lease Features 10% Rental Increases Every 5 Years, Ensuring Steady Income Growth
- This Property is Ideally Situated on the Corner of Riley Road and East North Street Which Sees Over 17,000 Vehicles Per Day
- Scooter's Coffee Was Founded in 1988 in Bellevue, Nebraska and Has Been in Business For More Than 20 Years
- Nearby Tenants Include: Aaron's Rent-to-Own, USPS, O'Reilly Auto Parts, Tractor Supply, Advance Auto Parts, Kroger, Wendy's Chase Bank, Great Clips
OVERVIEW
Sands Investment Group is Pleased to Exclusively Offer For Sale the 684 SF Scooter's Coffee Located at 621 East North Street in Kendallville, IN. This Deal Includes a Corporate Guaranteed Absolute Triple Net (NNN) Investment With Zero Landlord Responsibilities. A 20-Year Lease With 10% Increases Every 5 Years Will Commence at the Close of Escrow, Providing For a Secure Investment.
In Cooperation With Sands Investment Group Indiana, LLC - Lic. #RC52000211 BoR: Andrew Ackerman - Lic. IN #RB20001918
FOR SALE DETAILS
PRICE
$1,840,000 USD
PRICE/SF
$814 USD /SF
CAP RATE
6.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Scooter's Coffee - Kendallville, IN
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Bank
ADD'L SUBTYPES
Fast Food, Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2000
SPRINKLERS
-
PARKING SPACES
50
LAND DETAILS
LAND ACRES
0.88 AC
LAND SF
38,333 SF
ZONING
-
APN/PARCEL ID
570728200177000020
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843-510-0551
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