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AutoZone & Family Dollar 915 N Washington St 20,160 SF 100% Leased Retail Building Kokomo, IN 46901 $1,574,000 ($78.08/SF) 6.90% Cap Rate
Investment Highlights
- Two tenant retail center with significantly below market rents
- New HVAC (2025) replaced by Family Dollar | Tenant also exercised a 5-year extension
- Exterior Landlord upgrades in 2022 and 2025 including facade and parking lot valued at more than $70,000
- AutoZone recently exercised a 10-year extension | 9% rent increase in base term and options
- Both tenants have a long history at this location of 18-Years
- Frontage directly on N. Washington | 14,300 vehicles per day
Executive Summary
Two tenant retail center with significantly below market rents
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
20,160 SF
Building Class
C
Year Built
1974
Price
$1,574,000
Price Per SF
$78.08
Cap Rate
6.90%
NOI
$108,636
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.48
Lot Size
0.96 AC
Frontage
19’ on Washington St
Walk Score®
Very Walkable (74)
Nearby Major Retailers
Property Taxes
| Parcel Number | 34-03-25-453-023.000-002 | Improvements Assessment | $322,500 |
| Land Assessment | $88,500 | Total Assessment | $411,000 |
Property Taxes
Parcel Number
34-03-25-453-023.000-002
Land Assessment
$88,500
Improvements Assessment
$322,500
Total Assessment
$411,000
Contacts
-
Deno Bistolarides -
Michael West -
Evan Lyons -
Encore Real Estate Investment Services
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AutoZone & Family Dollar | 915 N Washington St
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