Main Street Auto | 601 Mt Tabor Rd
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Main Street Auto 601 Mt Tabor Rd
7,000 SF Retail Building New Albany, IN 47150 $2,400,000 ($343/SF) 7% Cap Rate
Investment Highlights
- Long-Term, 20-Year Absolute Triple Net (NNN) Lease
- Corporate Guarantee
- Attractive Rental Increases
- Several Tenant Renewal Options
Executive Summary
NNN Pro is pleased to present the exclusive listing for a Main
Street Auto located at 601 Mt Tabor Rd, New Albany, IN. The site
consists of roughly 7,000 rentable square feet of building space
on an estimated 1.53-acre parcel of land. This Main Street Auto is
subject to a 20 Years-year Triple Net (NNN) lease which will
commence upon close of escrow. The annual rent will be
$168,000 and has scheduled increases of 2.00% annually.
Street Auto located at 601 Mt Tabor Rd, New Albany, IN. The site
consists of roughly 7,000 rentable square feet of building space
on an estimated 1.53-acre parcel of land. This Main Street Auto is
subject to a 20 Years-year Triple Net (NNN) lease which will
commence upon close of escrow. The annual rent will be
$168,000 and has scheduled increases of 2.00% annually.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
7,000 SF
Building Class
C
Year Built
1998
Price
$2,400,000
Price Per SF
$343
Cap Rate
7%
NOI
$168,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.53 AC
Frontage
149 FT on Mt Tabor Rd
Amenities
- Freeway Visibility
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 22-05-01-400-133.000-008 | Improvements Assessment | $74,100 |
| Land Assessment | $95,700 | Total Assessment | $169,800 |
PROPERTY TAXES
Parcel Number
22-05-01-400-133.000-008
Land Assessment
$95,700
Improvements Assessment
$74,100
Total Assessment
$169,800
Contacts
-
Glen Kunofsky -
Edward Otocka -
Francis Purritano -
Howie Curd -
Walker Stevens -
NNN Pro Group
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Main Street Auto | 601 Mt Tabor Rd
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