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6541 IN-42
Terre Haute, IN 47803

Frito-Lay Distribution Factory · Industrial Property For Sale

Industrial Properties Indiana Terre Haute 6541 IN-42, Terre Haute, IN 47803

Investment Highlights

  • Single-Tenant Frito-Lays Distribution Warehouse: Tenant recently extended their lease for 10 years in 2023
  • Below Market Replaceable Rent: Annual rent of $7.07 per sq ft is below market providing future upside to increase or replace rent at a higher rate
  • Terre Haute is the County Seat of Vigo County and One of the Largest Cities in the Wabash Valley MSA with a Population in Excess of 60,000 People
  • Large 2.5+ Acre Parcel: The oversized parcel sits adjacent to an additional 3.15-acre parcel that is not included in sale but available for sale
  • Strategic Last Mile Location: Located adjacent to the Terre Haute Airport & serves the entire Terre Haute & Wabash Valley MSA (roughly 200,000 ppl)
  • Located roughly 70 miles west of Downtown Indianapolis, IN, the capitol, and largest city in Indiana

Executive Summary

New 10-Year Lease Extension | Investment-Grade Parent Company (S&P: A+) | Strategic Distribution Location

PROPERTY FACTS

Sale Type Investment No. Stories 1
Cap Rate 6.75% Year Built 2001
Property Type Industrial Tenancy Single
Property Subtype Distribution Parking Ratio 1.46/1,000 SF
Building Class C No. Dock-High Doors/Loading 13
Lot Size 2.56 AC Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Rentable Building Area 15,780 SF
Sale Type Investment
Cap Rate 6.75%
Property Type Industrial
Property Subtype Distribution
Building Class C
Lot Size 2.56 AC
Rentable Building Area 15,780 SF
No. Stories 1
Year Built 2001
Tenancy Single
Parking Ratio 1.46/1,000 SF
No. Dock-High Doors/Loading 13
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Amenities

  • Fenced Lot

Links

PROPERTY TAXES

Parcel Number 84-07-29-200-015.000-009 Improvements Assessment $212,400
Land Assessment $24,100 Total Assessment $236,500

PROPERTY TAXES

Parcel Number
84-07-29-200-015.000-009
Land Assessment
$24,100
Improvements Assessment
$212,400
Total Assessment
$236,500
 

  • Listing ID: 32391914

  • Date on Market: 7/9/2024

  • Last Updated:

  • Address: 6541 IN-42, Terre Haute, IN 47803

More public record information on 6541 IN-42, Terre Haute, IN 47803

The Industrial Property at 6541 IN-42, Terre Haute, IN 47803 is currently available for sale. Contact Hanley Investment Group for more information.

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