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115 Clifty Dr 1,500 SF Retail Building Madison, IN 47250 $900,000 ($600/SF) 5.60% Cap Rate
Investment Highlights
- Absolute NNN lease with tenant responsible for all expenses, providing passive income.
- National brand with 15,000 locations and strong credit, ranked #2 in the U.S.
- Located in a strong retail corridor with major national retailers nearby.
- Circle K operates 24 hours, capturing consistent fueling and convenience store demand.
- Prime signalized corner location with excellent visibility and access.
- Potential for 100% bonus depreciation, offering tax advantages for investors.
Executive Summary
Kyle Matthews
Matthews Real Estate Investment Services, Inc
License # RC52200195, RB17001213 (IN)
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Matthews Real Estate Investment Services, Inc
License # RC52200195, RB17001213 (IN)
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts In Escrow
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
1,500 SF
Year Built
1975
Price
$900,000
Price Per SF
$600
Cap Rate
5.60%
NOI
$50,400
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.37 AC
Frontage
128’ on Clifty Dr
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 39-08-22-441-001-000-007 | Improvements Assessment | $61,100 |
| Land Assessment | $159,500 | Total Assessment | $220,600 |
Property Taxes
Parcel Number
39-08-22-441-001-000-007
Land Assessment
$159,500
Improvements Assessment
$61,100
Total Assessment
$220,600
(214) 692-2040
x3205
Contacts
-
Chase Cameron -
Andrew Ivankovich -
Matthews Real Estate Investment Services
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