AutoZone & Family Dollar | 915 N Washington St
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AutoZone & Family Dollar 915 N Washington St
20,160 SF 100% Leased Retail Building Kokomo, IN 46901 $1,525,000 ($76/SF) 6.99% Cap Rate
Investment Highlights
- Attractive Rent Increases
- Dynamic Corporate Tenants
- High Traffic Counts
- Minimal Landlord Responsibilities
- Prime Retail Location
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to acquire the fee simple interest in the two-tenant plaza located at 915 N Washington Street in Kokomo, Indiana (the “Property”). The two-tenant plaza is improved with AutoZone and Family Dollar and contains 20,160 square feet on a 1.68-acre parcel. Both tenants have a long history at the property, demonstrating their commitment to the site through lease extensions and option renewals. AutoZone has 8+ years remaining on their lease with three (3), 5-year options. Family Dollar has 4 years remaining on their lease with two (2), 5-year renewal options. Both tenants’ leases provide attractive rent increases. The Property enjoys outstanding frontage and visibility along N Washington Street, one of the area’s primary commercial and commuter corridors. Positioned just north of Downtown Kokomo, the Property enjoys convenient access to area retailers and restaurants, municipal and medical buildings, and area schools. Additionally, the Property is surrounded by densely populated residential neighborhoods providing a captive customer base. Kokomo is in central Indiana approximately 40 miles north of Indianapolis and 80 miles south of Fort Wayne.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
20,160 SF
Building Class
C
Year Built/Renovated
1974/2003
Price
$1,525,000
Price Per SF
$76
Cap Rate
6.99%
NOI
$106,537
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.28
Lot Size
1.68 AC
Walk Score ®
Very Walkable (71)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 34-03-25-453-023.000-002 | Improvements Assessment | $152,200 |
Land Assessment | $88,500 | Total Assessment | $240,700 |
PROPERTY TAXES
Parcel Number
34-03-25-453-023.000-002
Land Assessment
$88,500
Improvements Assessment
$152,200
Total Assessment
$240,700
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AutoZone & Family Dollar | 915 N Washington St
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