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4170 Grape Rd 8,000 SF 100% Leased Retail Building Mishawaka, IN 46545 $4,139,238 ($517.40/SF) 6.25% Cap Rate
Investment Highlights
- Corporate-Leased to National Tenants: Fully leased to Aspen Dental and AT&T, both backed by corporate guarantees, offering long-term stability
- Recent Lease Extensions: AT&T and Aspen Dental have each exercised renewal options, extending tenancy through 2030 and 2033 respectively
- Adjacent to University of Notre Dame
- Long-Term Operating History: Both tenants have occupied the property since 2008, demonstrating long-term success and strong sales performance
- Prime Hard Corner Location: Located at a signalized intersection along Grape Road (23,495 VPD) and Day Road (6,284 VPD)
Property Facts
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Storefront
Building Size
8,000 SF
Building Class
B
Year Built
2007
Price
$4,139,238
Price Per SF
$517.40
Cap Rate
6.25%
NOI
$258,708
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.27
Lot Size
0.69 AC
Zoning
C-2
Parking
72 Spaces (9 Spaces per 1,000 SF Leased)
Frontage
164’ on Day Rd
Amenities
- Signalized Intersection
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 71-04-33-451-001.000-005 | Improvements Assessment | $637,900 |
| Land Assessment | $263,300 | Total Assessment | $901,200 |
Property Taxes
Parcel Number
71-04-33-451-001.000-005
Land Assessment
$263,300
Improvements Assessment
$637,900
Total Assessment
$901,200
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4170 Grape Rd
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