Log In/Sign Up
Your email has been sent.
525 Lafayette Ave 1,130 SF Retail Building Lebanon, IN 46052 $229,000 ($202.65/SF) 8.32% Cap Rate
Investment Highlights
- Leased to Established Tenant- Pizza King
- Stand-Alone Brick Construction Building with Designated Off-Street Parking
- Over 200' of total Frontage in Growing Lebanon, IN
Executive Summary
Income-producing restaurant investment opportunity in Lebanon, Indiana. 525 Lafayette Avenue features an approximately 1,130 SF brick commercial building situated on a highly visible 4,356 SF corner lot along an established corridor near downtown Lebanon. The property is currently leased to Pizza King, an established Indiana restaurant franchise, generating $2,000 per month / $24,000 in annual gross rent.
The property features C3 Commercial zoning, seven designated parking spaces, distinctive exterior murals, and strong visibility from multiple public-facing sides. Located near downtown Lebanon and neighboring commercial and employment uses, the property offers investors an opportunity to acquire a manageable, income-producing commercial asset with an established restaurant tenant.
Property Improvements / Capital Updates:
-Current owner purchased the property in 2023 and completed significant updates that year.
-HVAC system replaced in 2023.
-Major portion of the roof replaced in 2023.
-Remaining section of the roof replaced in 2026.
-Property was updated/remodeled in 2023.
Lease / Maintenance Responsibilities:
Landlord: Responsible for HVAC repair/replacement and roof repair/replacement.
Tenant: Responsible for routine HVAC maintenance.
Investment Note:
The recent HVAC and roof replacements reduce near-term exposure to two of the property's larger landlord-responsibility capital items.
The property features C3 Commercial zoning, seven designated parking spaces, distinctive exterior murals, and strong visibility from multiple public-facing sides. Located near downtown Lebanon and neighboring commercial and employment uses, the property offers investors an opportunity to acquire a manageable, income-producing commercial asset with an established restaurant tenant.
Property Improvements / Capital Updates:
-Current owner purchased the property in 2023 and completed significant updates that year.
-HVAC system replaced in 2023.
-Major portion of the roof replaced in 2023.
-Remaining section of the roof replaced in 2026.
-Property was updated/remodeled in 2023.
Lease / Maintenance Responsibilities:
Landlord: Responsible for HVAC repair/replacement and roof repair/replacement.
Tenant: Responsible for routine HVAC maintenance.
Investment Note:
The recent HVAC and roof replacements reduce near-term exposure to two of the property's larger landlord-responsibility capital items.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$24,000
|
$21.24
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$24,000
|
$21.24
|
| Taxes |
$1,956
|
$1.73
|
| Operating Expenses |
$3,000
|
$2.65
|
| Total Expenses |
$4,956
|
$4.39
|
| Net Operating Income |
$19,044
|
$16.85
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $24,000 |
| Annual Per SF | $21.24 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $24,000 |
| Annual Per SF | $21.24 |
| Taxes | |
|---|---|
| Annual | $1,956 |
| Annual Per SF | $1.73 |
| Operating Expenses | |
|---|---|
| Annual | $3,000 |
| Annual Per SF | $2.65 |
| Total Expenses | |
|---|---|
| Annual | $4,956 |
| Annual Per SF | $4.39 |
| Net Operating Income | |
|---|---|
| Annual | $19,044 |
| Annual Per SF | $16.85 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
1,130 SF
Building Class
B
Year Built/Renovated
1920/2023
Price
$229,000
Price Per SF
$202.65
Cap Rate
8.32%
NOI
$19,044
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
0.10 AC
Opportunity Zone
Yes
Zoning
C3 - Commercial
Frontage
130’ on Lafayette Ave
Amenities
- Signage
- Air Conditioning
- Smoke Detector
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Pizza King
- Accommodation and Food Services
- 1,130 SF
- -
- Modified Gross
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Pizza King | Accommodation and Food Services | 1,130 SF | - | Modified Gross | - |
Fairly walkable
40/100
Exceptionally drivable
90/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 06-10-36-000-003.019-002 | Total Assessment | $103,700 |
| Land Assessment | $5,000 | Annual Taxes | $1,956 ($1.73/SF) |
| Improvements Assessment | $98,700 | Tax Year | 2025 |
Property Taxes
Parcel Number
06-10-36-000-003.019-002
Land Assessment
$5,000
Improvements Assessment
$98,700
Total Assessment
$103,700
Annual Taxes
$1,956 ($1.73/SF)
Tax Year
2025
1 of 16
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Contact the Sale Advisor
525 Lafayette Ave