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T-Mobile & McAlisters Deli 4124 E Market St 4,900 SF 100% Leased Retail Building Logansport, IN 46947 $1,989,677 ($406.06/SF) 7.75% Cap Rate

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Investment Highlights

  • Long Term Leases
  • Dynamic Corporate Tenants
  • Strategic Retail Location
  • Attractive Rent Increases
  • Net Leases

Executive Summary

Horvath & Tremblay is pleased to present the exclusive sale of a two-tenant plaza located at 4124 E Market Street in Logansport, Indiana (the “Property”). The two-tenant plaza is improved with T-Mobile (corporate location) and McAlister’s Deli and contains 4,900 square feet. T-Mobile has 6 years remaining on their lease with two (2), 5-year renewal options. McAlister’s Deli has 9+ years remaining on their lease with two (2), 5-year renewal options. Both leases feature attractive rent increases throughout the primary lease and renewal options. The Property is extremely well-located at the signalized intersection of Yorktown Road and E Market Street, the area’s primary commercial corridor. The Property is positioned within The Junction, a large regional retail development anchored by Walmart Supercenter, The Home Depot andHome2 Suites by Hilton. The Junction also features junior anchors and smaller retailers as well as several restaurants. T-Mobile & McAlister’s Deli are poisoned at one of the entrances to The Junction directly in front of Home Depot. E Market Street has seen significant development over the past few years and is home to countless national and local retailers and restaurants and several nationally branded hotels, all of which drive traffic to the area and provide a built-in customer base. The Property offers convenient access to area schools, Downtown Logansport, US Highways 35 and 24, and Logansport Memorial Hospital.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,900 SF
Building Class
B
Year Built
2021
Price
$1,989,677
Price Per SF
$406.06
Cap Rate
7.75%
NOI
$154,200
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.09
Lot Size
1.21 AC

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Accommodation and Food Services
  • -
  • -
  • -

McAlister’s Deli is a fast-casual restaurant chain known for its handcrafted sandwiches, fresh salads, giant spuds, and signature sweet tea. Founded in 1989 in Oxford, Mississippi, the brand has grown into a national concept offering dine-in, takeout, delivery, and catering services. McAlister’s menu emphasizes variety, featuring classic deli sandwiches, soups, and lighter options to accommodate diverse dietary preferences. The company also provides family-friendly meals and customizable catering packages for events and business gatherings. McAlister’s Deli operates under the umbrella of Focus Brands, a leading developer of global foodservice brands. The chain is recognized for its casual dining atmosphere and commitment to convenience, with locations across the United States. McAlister’s Deli is privately held and continues to expand its footprint through a combination of company-owned and franchised restaurants.

  • T-Mobile
  • Retailer
  • -
  • -
  • -
Tenant Industry SF Occupied Rent/SF Lease End
Accommodation and Food Services - - -
T-Mobile Retailer - - -

Nearby Major Retailers

Planet Fitness
PNC Bank
Bob Evans Restaurant
Buffalo Wild Wings
Workout Anytime
Martin's Super Market
Starbucks
Horizon Bank
Ponderosa Steakhouse
Ruler Foods

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 09-17-28-240-003.000-010
  • 09-17-28-240-002.000-010
Land Assessment
$500,100
Improvements Assessment
$454,000
Total Assessment
$954,100
  • Listing ID: 36089985

  • Date on Market: 1/12/2024

  • Last Updated:

  • Address: 4124 E Market St, Logansport, IN 46947

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