10/05/2023
🏢 Prime Investment Opportunity! 🏢
Searching for an income-producing investment property with an experienced, local tenant? Look no further!
🔑 Absolute NNN Lease
🕒 About 4 Years Remaining
🏠 Fee Simple Ownership
🚫 Zero Landlord Responsibilities
But here's the cherry on top! Our tenant is well-established in auto dealership industry with decades of experience in the business. This local business owner opened this location just last year, bringing their wealth of industry knowledge to this property.
🛣️ Located on an Arterial Thoroughfare
🛍️ Dense Retail Corridor
🏢 Strong National/Credit Tenants
🚗 Heavily Traveled Trade Area
Situated off South Baldwin Avenue, serving over 27,000 vehicles per day and close access to State Highway 18 (8,800 VPD). The property is in a dense retail corridor, surrounded by national/credit tenants like Walmart Supercenter, Lowe’s, Aldi, CVS, and more. High visibility and easy access make this an ideal location for a thriving auto dealership.
🏡 Dense Residential Consumer Base
📊 Strong Demographics in 5-mile Trade Area
With over 36,528 residents, $64,944 average household income, and numerous nearby single-family communities and multi-family complexes, this location offers a solid residential consumer base to support your investment.
💰 Offering Summary:
🔹 Price: $234,000
🔹 Net Operating Income: $23,400
🔹 Cap Rate: 10.00%
🔹 Lease Type: Absolute NNN
Don't miss out on this fantastic investment opportunity with a seasoned local tenant in the auto dealership business. Act now and secure your piece of the income-producing pie.
📍 Property Address: 702 S. Baldwin Avenue, Marion, Indiana 46953
📅 Year Built: 1977
🌐 Ownership: Fee Simple (Land & Building)
Interested? Contact us for more details and secure your investment today!
Jordan can be reached via call or text at 516-491-2550
