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- LoopNet Team
1801 N Wayne St
Angola, IN 46703
Country Fair Shopping Center · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Pylon Sign
- Signage
ABOUT 1801 N WAYNE ST , ANGOLA, IN 46703
This asset is a single story 98,916 Square Foot retail center positioned on a large 10.97 Acre parcel. The investment is currently 96% occupied with significant leasing activity and new leases signed in both 2017 and 2018. This asset is anchored by Hobby Lobby and Family Dollar and the center sits directly adjacent to a Rural King development. The opportunity offers an incoming investor a strong 8.25+ going-in cap rate, with a rent roll of committed tenants (four tenants in pre-2000 leases). With a low average rent per square foot of $7.25. In the unlikely event that a tenant leaves this location, each suite can be re-leased at a replaceable or increased rent. Hobby Lobby is operating at an extremely low rent relative to other Hobby Lobby sites throughout in the country (Hobby Lobby rent at just $3.50 PSF). Be sure to check out the Country Fair marketing video: https://vimeo.com/337470828/ddef4d57ea
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $2,590,200 | |
| Land Assessment | $783,600 | Total Assessment | $3,373,800 |
PROPERTY TAXES
