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1010-1080 N Morton St
Franklin, IN 46131
Franklin Commons | Franklin, IN · Retail Property For Sale
Investment Highlights
- Franklin Commons is an 85,980 SF Kroger Marketplace Shadow-Anchored Shopping Center
- 100% National Tenants including Marshalls (NYSE: TJX; S&P: A), Ross (NYSE: ROST; S&P: BBB+), Five Below, Maurices, PetSmart, and Shoe Dept. Encore
- Offered at a 7.65% Cap Rate with Near-Term Value-Add through Increasing Below-Market Rents
- Kroger Shadow-Anchored: Kroger is the 4th largest retailer in the world with 2,750 grocery stores
- Below Replacement Cost; $132 PSF
- 9.59% Proforma Cap Rate 3.07% CAGR; 35% NOI growth over 10 Years
Property Facts
Property Type
Retail
Property Subtype
Storefront
Building Size
85,980 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2017
Tenancy
Multiple
Building Height
1 Story
Loading Docks
4 Exterior
Building FAR
0.18
Lot Size
10.79 AC
Zoning
MXC - Commercial
Parking
424 Spaces (4.93 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Numbers | Improvements Assessment | $7,954,400 | |
| Land Assessment | $1,143,700 | Total Assessment | $9,098,100 |
Property Taxes
Parcel Numbers
Land Assessment
$1,143,700
Improvements Assessment
$7,954,400
Total Assessment
$9,098,100
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