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115 N Dixon Rd
Kokomo, IN 46901
Subway · Retail Property For Sale
Property Facts
About 115 N DIXON RD , KOKOMO, IN 46901
Marcus & Millichap is pleased to present this single-tenant net-leased Subway located in Kokomo, Indiana. The subject property is 2,400 square foot building located on 0.55 acres just on the west side of Kokomo, IN. It is surrounded by Wendy's, Walgreens, CVS, and St. Vincent Health. The tenant is will sign a new 10-year absolute net lease at closing which will escalate at 10% every 5 years including three, five-year options. The annual rent has been set at approximately eight percent of the annual store sales volume average over the previous three years. The tenant will agree to personally guarantee the lease throughout the original term of the lease. The starting annual rent for this store will be $68,000 with all other expenditures on the building to be paid by the tenant as well. The subject property is 2,400 square foot building located on 0.55 acres just on the west side of Kokomo, IN. It is surrounded by Wendy's, Walgreens, CVS, and St. Vincent Health.
Property Taxes
| Parcel Number | 34-03-34-226-039.000-002 | Improvements Assessment | $449,500 |
| Land Assessment | $210,700 | Total Assessment | $660,200 |
Property Taxes
