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Hawk Motors | 4+yrs Remain Abs NNN 702 S Baldwin Ave 672 SF Retail Building Marion, IN 46953 $234,000 ($348.21/SF) 10% Cap Rate
INVESTMENT HIGHLIGHTS
- Over 4 Years Remaining | Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Dense Residential Consumer Base |Strong Demographics In 5-mile Trade Area
- Along an Arterial Thoroughfare | Dense Retail Corridor |Strong National/Credit Tenants | Heavily Traveled Trade Area
EXECUTIVE SUMMARY
• Tenant has over 4 years of lease term remaining
• Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises
• No landlord responsibilities
• Ideal, management-free investment for a passive investor
• Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises
• No landlord responsibilities
• Ideal, management-free investment for a passive investor
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
672 SF
Building Class
C
Year Built
1977
Price
$234,000
Price Per SF
$348.21
Cap Rate
10%
NOI
$23,400
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.25 AC
Zoning
GC - Central Core
Parking
17 Spaces (25.3 Spaces per 1,000 SF Leased)
Frontage
119’ on S. Baldwin
AMENITIES
- Freeway Visibility
- Signage
Walk Score®
Very Walkable (70)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 27-06-01-404-108.000-008 | Improvements Assessment | $15,200 |
| Land Assessment | $55,000 | Total Assessment | $70,200 |
PROPERTY TAXES
Parcel Number
27-06-01-404-108.000-008
Land Assessment
$55,000
Improvements Assessment
$15,200
Total Assessment
$70,200
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Hawk Motors | 4+yrs Remain Abs NNN | 702 S Baldwin Ave
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