516-491-2550
701 Baldwin ave, Marion, IN for Rent

Retail - For Rent
1/5
672 SF | 1 Space

701 Baldwin ave
Marion, IN 46953


HIGHLIGHTS

  • • Drive-Thru opportunity
  • • 119 feet of frontage on S. Baldwin Ave
  • • Zoning - CC (Central Core)

OVERVIEW

Introducing an incredible investment opportunity in Marion, IN! Presenting the 702 S Baldwin Ave, a highly desirable single tenant property with a long-term commitment from HAWK Motors, Inc., a reputable auto dealership. This absolute NNN lease with no landlord responsibilities ensures a hassle-free investment for savvy investors. Boasting a convenient location on a 0.25 acre lot, this property features a well-maintained 672 SF building. With a lease in place until September 1, 2022, and an impressive average of 23,579 vehicles per day, this opportunity offers stability and potential for solid returns. Priced at $360,000, this property generates a 6.5% cap rate with an estimated NOI of $23,400 as of August 15, 2023. The personal guaranty and fee simple ownership further enhance the value and security of this investment. Located in a thriving community, the property enjoys a significant population of 37,740 within a 5-mile radius. With a median household income of $51,744 and a diverse range of establishments, including a strong presence of over 1,000 businesses, the local economy demonstrates great potential for growth. Don't miss out on this exceptional investment opportunity at 702 S Baldwin Ave, Marion, IN. Contact us today to capitalize on the potential of this prime property!

RENTAL DETAILS

SPACE AVAILABLE

672 SF

# OF SPACES

1

RENT RATE (MO)

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RENT RATE (YR)

Request Info for Rent

LEASE TYPE

TBD

LEASE LENGTH

Negotiable

AVAILABLE

Now

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

672 SF

YEAR BUILT

1977

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.53999 AC

LAND SF

23,522 SF

ZONING

Commercial

ASK ABOUT THIS PROPERTY

Jordan GorjianGorjian AcquisitionsMore Info
516-491-2550

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Jordan GorjianGorjian AcquisitionsMore Info
516-491-2550

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