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706 Trafalgar Pointe Way
Trafalgar, IN 46181
Trafalgar Pointe · Retail Property For Sale
PROPERTY FACTS
- 304 FT on IN-252
- 182 FT on Trafalgar Pointe Way
About 706 Trafalgar Pointe Way , Trafalgar, IN 46181
Marcus & Millichap is pleased to present for your acquisition review Trafalgar Pointe in Trafalgar, Indiana. The subject property is a 7,200 square foot building, three-tenant retail center situated on 1.85 acres. The center sits at the signalized corner of Indiana Highway 252 and Indiana Highway 135, next do a CVS Pharmacy and adjacent to Indian Creek High School. The city of Trafalgar is just 25 miles south of Indianapolis. Trafalgar Pointe is comprised of 3 suites and is anchored by McDonald’s which occupies 3,000 square feet. McDonald’s currently has over six years left on their lease, with a 6 percent rent increase in 2019 and additional 10 percent rent increases every 5 years after that. McDonald’s capitalizes off of the complete lack of fast food and quick-service restaurants in Trafalgar. There are currently 2 vacant suites, which provides an excellent opportunity to add value to the deal in leasing the 2 spaces. There is a current LOI pending for Suite B and McDonald’s does have a right of first refusal for this space. The pending LOI would be a five year gross lease at $14.00 per square foot.
PROPERTY TAXES
Parcel Number | 41-10-12-022-048.000-016 | Improvements Assessment | $989,300 |
Land Assessment | $75,600 | Total Assessment | $1,064,900 |
PROPERTY TAXES
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Listing ID: 13354978
Date on Market: 8/1/2018
Last Updated:
Address: 706 Trafalgar Pointe Way, Trafalgar, IN 46181