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417 Vincennes St
New Albany, IN 47150
Retail Property For Sale
Investment Highlights
- Five Year Lease Extension in 2025, Now Leased Through 2/28/2031
- Adjacent to Rally's and Across from White Castle
- Double Net Lease with Corporate Guarantee
- Part of an Eight Location Dollar General Portfolio and Available for Sale Individually
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,684 SF
Building Class
C
Year Built
1940
Price
$1,273,000
Price Per SF
$131.45
Cap Rate
8%
NOI
$101,822
Tenancy
Single
Building Height
1 Story
Building FAR
0.33
Lot Size
0.68 AC
Opportunity Zone
Yes
Parking
55 Spaces (5.68 Spaces per 1,000 SF Leased)
Frontage
211’ on Vincennes St
Amenities
- Freeway Visibility
- Pylon Sign
Property Taxes
| Parcel Number | 22-05-02-802-171.000-008 | Improvements Assessment | $156,200 |
| Land Assessment | $114,800 | Total Assessment | $271,000 |
Property Taxes
Parcel Number
22-05-02-802-171.000-008
Land Assessment
$114,800
Improvements Assessment
$156,200
Total Assessment
$271,000
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