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1950 E Walnut St
Frankfort, IN 46041
Goodwill · Retail Property For Sale
Investment Highlights
- 2022 New Construction | 11 Years Remaining on Lease | Single Tenant Building
- Located in a Dense Traffic Area with Over 14,000 VPD Reported on E. Walnut | Over 15,000 VPD Reported on Wabash
- Located Near National Tenants such as Dollar General, Jackson Hewitt, Verizon Wireless, Allstate and Walmart
- Below Market Rents of just $10.35 Per Square Foot
- Multiple Access Points | Plenty of Parking with over 50 Surface Level Spaces
- Strong Community Integration with Goodwill’s nonprofit model tied to local employment and social programs
Executive Summary
2022 New Construction | 11 Years Remaining on Lease | Single Tenant Building
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
12,608 SF
Building Class
B
Year Built
2022
Price
$2,352,000
Price Per SF
$186.55
Cap Rate
5.50%
NOI
$129,375
Percent Leased
100%
Building Height
1 Story
Building FAR
0.16
Lot Size
1.82 AC
Property Taxes
| Parcel Number | 12-10-11-284-017.001-021 | Improvements Assessment | $1,096,700 |
| Land Assessment | $203,100 | Total Assessment | $1,299,800 |
Property Taxes
Parcel Number
12-10-11-284-017.001-021
Land Assessment
$203,100
Improvements Assessment
$1,096,700
Total Assessment
$1,299,800
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