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2135-2145 E State Highway 54 53,207 SF 100% Leased Retail Building Linton, IN 47441 $5,414,000 ($101.75/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Shadow anchored by Walmart Supercenter, which sees over 1.7 Million visits annually, driving consumers to the shopping center
- Recently constructed outparcel as well as renovated two-tenant retail asset limits capital repairs for an investor during the hold period
- All leases feature rental increases, minimal landlord responsibilities which provide a surety of cash flow for investors
- Tractor Supply represents the top Home Improvement store in a 15-mile radius and is one of the top performers in the state of Indiana (90% per Placer)
EXECUTIVE SUMMARY
Atlantic Capital Partners is pleased to present the exclusive opportunity to acquire a Walmart shadow-anchored center located in Linton, Indiana. The property features a 53,207 square-foot retail building, fully leased to Tractor Supply and Ollie’s Bargain Outlet, with an additional outparcel leased to Scooter’s Coffee, all delivering immediate income and long-term cashflow. Serving as a key retail hub for the local community, the property boasts national scale while preserving a community-oriented population. The property benefits from a strong local boasting an average household income exceeding $102,301 in a 5-mile radius. With substantial frontage along Interstate 54 and in the heart of the Linton retail node, the asset provides excellent visibility and convenient access. This asset is being offered free and clear of existing debt and will accept offers on a first come first serve basis.
DATA ROOM Click Here to Access
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
53,207 SF
Building Class
C
Year Built/Renovated
1987/2024
Price
$5,414,000
Price Per SF
$101.75
Cap Rate
7%
NOI
$378,980
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.15
Lot Size
8.07 AC
Parking
135 Spaces (2.54 Spaces per 1,000 SF Leased)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 28-06-24-000-001.001-018 | Improvements Assessment | $939,700 |
| Land Assessment | $183,000 | Total Assessment | $1,122,700 |
PROPERTY TAXES
Parcel Number
28-06-24-000-001.001-018
Land Assessment
$183,000
Improvements Assessment
$939,700
Total Assessment
$1,122,700
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2135-2145 E State Highway 54
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