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Jack's Donuts Strip 1554-1556 S Washington St 5,364 SF 77% Leased Retail Building Crawfordsville, IN 47933 $670,500 ($125/SF) 3.22% Cap Rate
Investment Highlights
- 77% Occupied Four-Tenant Strip Center
- Value-Add Opportunity | Upside in Leasing 1,200sf Vacant Space | Additional Upside in Converting 67% of the GLA to NNN Leases
- Dense Retail Corridor | Located down the street from Home Depot, Walmart and the New $38M Kroger Marketplace Development
- Anchored by Jack's Donuts (9 Locations in Indiana)
- Minimal Near-Term Lease Rollover Risk | 55% of the GLA is leased until at least August 2029
- Excellent Visibility along US 231 | 49 Miles from Downtown Indy
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,364 SF
Building Class
C
Year Built
1998
Price
$670,500
Price Per SF
$125
Cap Rate
3.22%
NOI
$21,600
Percent Leased
77%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.12
Lot Size
1.04 AC
Zoning
B3
Parking
30 Spaces (5.59 Spaces per 1,000 SF Leased)
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 54-10-08-200-060.004-030 | Total Assessment | $786,200 |
| Land Assessment | $399,300 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $386,900 | Tax Year | 2025 |
Property Taxes
Parcel Number
54-10-08-200-060.004-030
Land Assessment
$399,300
Improvements Assessment
$386,900
Total Assessment
$786,200
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Jack's Donuts Strip | 1554-1556 S Washington St
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