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5209 N Main St
Mishawaka, IN 46545
La-Z-Boy Furniture Galleries · Retail Property For Sale
Investment Highlights
- New 10 Year Lease Extension – A+ Location - South Bend, IN
- Publicly Traded Company (NYSE: LZB) - $1.78 Billion Market Cap o 350+ Locations Nationwide
- 28,650 SF Standalone Building on 1.1 Acre Parcel
- Store Renovation – La-Z-Boy Undergoing a Complete Store Renovation
- 10% Rent Increases Every 5 Years - Inflation Resistant Cash Flows
- Below Market Replaceable Rent – Strong Real Estate Fundamentals
Property Facts
Property Type
Retail
Property Subtype
Freestanding
Building Size
28,560 SF
Building Class
B
Year Built
2000
Tenancy
Single
Building Height
1 Story
Building FAR
0.60
Lot Size
1.10 AC
Zoning
Reta
Parking
40 Spaces (1.4 Spaces per 1,000 SF Leased)
Frontage
266’ on Main St
Amenities
- Pylon Sign
Property Taxes
| Parcel Number | 71-04-33-201-009.000-005 | Improvements Assessment | $1,058,500 |
| Land Assessment | $297,000 | Total Assessment | $1,355,500 |
Property Taxes
Parcel Number
71-04-33-201-009.000-005
Land Assessment
$297,000
Improvements Assessment
$1,058,500
Total Assessment
$1,355,500
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