1084 Market St | Charlestown, IN 47111
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- LoopNet Team
1084 Market St
Charlestown, IN 47111
Yamato · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Absolute Triple-Net (NNN) Lease Structure – Zero landlord responsibilities
- Pizza Hut Sublease Guarantor – 2JR Pizza Enterprises (longstanding Pizza Hut Franchisee that operates over 30 locations in KY, IN, IA, & IL)
- Complementary Retail Corridor – Yamato is surrounded by various national retail tenants such as McDonald’s, Domino’s, Walgreen’s, Taco Bell, Circle K
- High Cap Rate Deal – Yamato is offered at an attractive 9.50% Cap Rate. There are roughly ±5 Years remaining on the term of the sublease
- Above Market Hedge against Inflation – Lease includes a rental escalation rate of 12% throughout the base term and Options
- Elevated Traffic Counts – Property benefits from high traffic counts, approx. +31,900 combined VPD from Market St & Old Indiana
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
1,790 SF
Building Class
C
Year Built/Renovated
1979/2014
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.78 AC
Parking
35 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
96’ on Market Street
AMENITIES
- 24 Hour Access
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 10-18-11-700-023.000-004 | Improvements Assessment | $156,200 |
| Land Assessment | $229,500 | Total Assessment | $385,700 |
PROPERTY TAXES
Parcel Number
10-18-11-700-023.000-004
Land Assessment
$229,500
Improvements Assessment
$156,200
Total Assessment
$385,700
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