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Parachute Plasma 2608 N 6th St

7,120 SF Office Building Vincennes, IN 47591 $4,221,678 ($593/SF) 7.50% Cap Rate

Medical Offices Indiana Vincennes 2608 N 6th St, Vincennes, IN 47591

Investment Highlights

  • Long-Term, Brand New 20-Year Absolute Triple Net (NNN) Lease
  • Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 40 Years
  • Two Percent (2%) Rental Increases Occurring Annually Starting Year 6

Executive Summary

NNN Pro Group is pleased to present the exclusive listing for a Parachute Plasma located at 2608 N 6th St in Vincennes, Indiana. The site consists of roughly 7,120 rentable square feet of building space on estimated 0.99-acre parcel of land. This Parachute Plasma is subject to a 20-year absolute triple-net (NNN) lease, which will commence at the close of escrow. The current annual rent is $316,626 and is scheduled to increase by 2% annually starting in year 6 throughout the base term and in each of the 4, 5-year renewal options.

Property Facts

Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
7,120 SF
Building Class
B
Year Built
2023
Price
$4,221,678
Price Per SF
$593
Cap Rate
7.50%
NOI
$316,626
Tenancy
Single
Building Height
1 Story
Typical Floor Size
7,120 SF
Building FAR
0.17
Lot Size
0.99 AC
Zoning
C-1 - Commercial

Amenities

  • Signage
1 of 1

PROPERTY TAXES

Parcel Number 42-12-15-303-084.000-022 Improvements Assessment $73,500
Land Assessment $170,900 Total Assessment $244,400

PROPERTY TAXES

Parcel Number
42-12-15-303-084.000-022
Land Assessment
$170,900
Improvements Assessment
$73,500
Total Assessment
$244,400
(332) 345-4222

Contacts

  • Listing ID: 31184229

  • Date on Market: 3/11/2024

  • Last Updated:

  • Address: 2608 N 6th St, Vincennes, IN 47591

More public record information on 2608 N 6th St, Vincennes, IN 47591

The Office Property at 2608 N 6th St, Vincennes, IN 47591 is currently available for sale. Contact NNN Pro Group for more information.

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Parachute Plasma | 2608 N 6th St
(332) 345-4222 x

Parachute Plasma | 2608 N 6th St

1/2

Glen Kunofsky

(332) 345-4222

(332) 345-4222

Alan Laulainen

(480) 310-7974

(480) 310-7974

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