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3308 N Wayne St
Angola, IN 46703
Retail Property For Sale
Executive Summary
Veritas Realty is pleased to exclusively offer Tri-State Plaza, a 26,450 sf neighborhood shopping center located along the primary retail corridor in Angola, IN. Situated adjacent to Kohl's and surrounded by national retailers including Meijer, Walmart, Menards, TJ Maxx(new), Hobby Lobby, and Aldi, the Property benefits from exceptional regional visibility and serves as a dominant retail destination for area. With a weighted average lease term of approximately 5.3 years, contractual rent growth, and strong expense recoveries, Tri-State Plaza provides investors with stable in-place cash flow while offering meaningful upside through the lease-up of the remaining vacancy and future rental growth.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
26,450 SF
Building Class
C
Year Built
2008
Price
$4,050,000
Price Per SF
$153.12
Cap Rate
7%
NOI
$283,565
Percent Leased
96%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.15
Lot Size
3.97 AC
Zoning
C2 - Commercial
Parking
100 Spaces (3.78 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 76-06-11-000-040.000-012 | Improvements Assessment | $1,557,100 |
| Land Assessment | $521,600 | Total Assessment | $2,078,700 |
Property Taxes
Parcel Number
76-06-11-000-040.000-012
Land Assessment
$521,600
Improvements Assessment
$1,557,100
Total Assessment
$2,078,700
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