951 N 13th St
Decatur, IN 46733
*Income producing billboard on site · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- LEASE EXPIRATION: September 30, 2036
- RENEWAL OPTIONS: Four Five-Year Renewals
- RENT ESCALATIONS: 10% Every 5-Years
- LEASE TERM: 184 Months from RCD
- LEASE TYPE: Ground Lease
- NOI: $52,717 Strickland Brothers + $3,000 Billboard
PROPERTY FACTS
Property Type
Retail
Property Subtype
Retail
Building Size
1,700 SF
Building Class
B
Year Built
1989
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.32 AC
Zoning
452 - Commercial Auto Service Station
Parking
4 Spaces (2.35 Spaces per 1,000 SF Leased)
Frontage
111’ on North 13th Street
PROPERTY TAXES
| Parcel Number | 01-02-34-401-021.000-014 | Improvements Assessment | $55,100 |
| Land Assessment | $74,200 | Total Assessment | $129,300 |
