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1325 Clifty Dr
Madison, IN 47250

Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Freestanding
Building Size
65,195 SF
Building Class
C
Year Built
1969
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
10.94 AC
Zoning
Commercial (C01)
Frontage
484 FT on State Rt 62

About 1325 Clifty Dr , Madison, IN 47250

Cushman & Wakefield Retail Investment Advisors presents Madison Center, a fully occupied property that consists of 65,195 SF and is anchored by Big Lots and Family Dollar. This 4-tenant center boasts approximately 90% national credit and an average base rent of $2.69/SF. Big Lots occupies 50,120 square feet at $2.04, Family Dollar pays $4.02 in 8,250 square feet, and Anytime Fitness occupies 6,700 square feet at $5.20. Also included in this offering is a German American Bank ATM that’s located in the parking lot along Clifty Drive. Madison Center incorporates two separate parcels that combine for 10.94 acres, leaving ample room for an outlot development in excess of 1 acre in front of the shopping center. Big Lots continues to post year-over-year sales growth, exceeding $3.6M in a trailing 12-month period (4.1% occupancy cost). Family Dollar sales also grew over the last several years and now exceed $747,000, which equates to an occupancy cost of 4.7%.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
39-08-21-000-027-000-007
Land Assessment
$525,000
Improvements Assessment
$780,400
Total Assessment
$1,305,400
  • Listing ID: 11984185

  • Date on Market: 3/20/2018

  • Last Updated:

  • Address: 1325 Clifty Dr, Madison, IN 47250

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