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I Heritage Square 7603-7605 Highway 311

54,913 SF 100% Leased Retail Building Sellersburg, IN 47172 $7,975,000 ($145/SF) 7.50% Cap Rate

Investment Highlights

  • Top-performing Jay C Foods Anchored | Recent Renewal | 100% Occupied | Strong E-Commerce Tenant Line-up
  • Strong Demographics In 5-Mile Trade Area | Affluent Six-figure AHHI
  • Excellent Location | Quick Access to Interstate-65 (87,400 VPD)

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
54,913 SF
Building Class
C
Year Built/Renovated
1987/2020
Price
$7,975,000
Price Per SF
$145
Cap Rate
7.50%
NOI
$598,152
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.15
Lot Size
8.68 AC
Zoning
TC - Town Center
Parking
226 Spaces (4.12 Spaces per 1,000 SF Leased)
Frontage
800 FT on In-60 Hwy

Amenities

  • Pylon Sign

Nearby Major Retailers

WesBanco
Chase Bank
JayC Food Stores
PNC Bank
Cracker Barrel Old Country Store
Waffle & Steak

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 10-17-10-800-808.000-031
  • 10-17-10-800-809.000-031
Land Assessment
$650,700
Improvements Assessment
$5,441,600
Total Assessment
$6,092,300
  • Listing ID: 34258084

  • Date on Market: 12/20/2024

  • Last Updated:

  • Address: 7603-7605 Highway 311, Sellersburg, IN 47172

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