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Verizon (TCC) - Martinsville, IN 1200 Morton Ave 2,000 SF Retail Building Martinsville, IN 46151 $1,839,360 ($919.68/SF) 6.25% Cap Rate
Executive Summary
- Relocated Store: Backed by 20+ years of success in this market
- Brand-New Construction: 10-Year Primary Lease Term with Three (3) Five-Year Renewal Options
- TCC: Verizon Authorized Retailer with 30+ Years of Operating History and 549 Locations in 42 States
- NN+ Lease: Minimal Landlord Responsibilities
- Surrounding National Tenants: Kroger, McDonald’s, Taco Bell, Starbucks, Culver’s, Wendy’s, Planet Fitness, & many more
- Location: 40 Minutes to Downtown Indy and 20 Minutes to IU Bloomington (51,000 Students)
- Brand-New Construction: 10-Year Primary Lease Term with Three (3) Five-Year Renewal Options
- TCC: Verizon Authorized Retailer with 30+ Years of Operating History and 549 Locations in 42 States
- NN+ Lease: Minimal Landlord Responsibilities
- Surrounding National Tenants: Kroger, McDonald’s, Taco Bell, Starbucks, Culver’s, Wendy’s, Planet Fitness, & many more
- Location: 40 Minutes to Downtown Indy and 20 Minutes to IU Bloomington (51,000 Students)
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Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,000 SF
Building Class
B
Year Built
2025
Price
$1,839,360
Price Per SF
$919.68
Cap Rate
6.25%
NOI
$114,960
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.99 AC
Opportunity Zone
Yes
Somewhat walkable
30/100
Very drivable
80/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 55-13-08-230-024.100-021 | Improvements Assessment | $41,300 |
| Land Assessment | $327,100 | Total Assessment | $368,400 |
Property Taxes
Parcel Number
55-13-08-230-024.100-021
Land Assessment
$327,100
Improvements Assessment
$41,300
Total Assessment
$368,400
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