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1901-1911 N Main St
Rushville, IN 46173

Flatrock River Landing Strip Center · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
7,980 SF
Building Class
C
Year Built
2003
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
0.81 AC

About 1901-1911 N Main St , Rushville, IN 46173

Marcus and Millichap is pleased to bring to market Flatrock River Landing strip center, a 7,980-square foot center located in Rushville, Indiana – the county seat. The subject property is well-positioned on the main retail and commuter corridor, directly across the street from Walmart. Constructed in 2003, the property is situated on approximately 0.81 acres with great signage, visibility, ingress and egress. Flatrock River Landing is 100 percent occupied and leased to an internet-resistant tenant mix. All six tenants are under triple-net leases and reimburse management. The tenants include Pizza King, Subway, Edward Jones, First Call Temporary Services, China Town and D&D Nail Salon. This property has seen strong historical occupancy with four of six tenants or nearly 70 percent of the gross leasable area has been leased for ten-years or more and due to its prominent location within the market Located on the northern side of Rushville, Flatrock River Landing is positioned on the main retail corridor along State Route-3 (North Main Street) which sees nearly 13,000 vehicles per day. The center is located near Rushville's high school and middle school, which drives heavy traffic to the area. Rushville is located on the southeast side of Indiana, with only 45-miles separating the city from the state capital, Indianapolis and 80 miles to Cincinnati, Ohio. There are three major highways that intersect Rushville, State Route-44, State Road-3 and US-52, making Rushville the "Crossroads of Indiana." The major economic drivers in Rushville consist of both industrial and manufacturing. Some of the major industries include Copeland Corporation, The Trane Company and INTAT Precision Casting. Smaller manufacturing firms help to enhance the economic structure of the community as well. Flatrock River Landing provides an incoming investor the ability to acquire a stabilized strip center occupied by internet-resistant tenants in the county seat. Strong historical occupancy and shadow anchored by Walmart provides Flatrock River Landing the ability to remain as an integral part of the community and should continue to serve as a popular destination for local residents, employees and travelers alike.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
70-07-30-428-002.000-011
Land Assessment
$166,500
Improvements Assessment
$688,400
Total Assessment
$854,900
  • Listing ID: 11202221

  • Date on Market: 1/10/2018

  • Last Updated:

  • Address: 1901-1911 N Main St, Rushville, IN 46173

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