2626 Central AveLake Station, IN 46405
High-yield retail investment; strong tenant.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 119
Highlights
- $890,000 asking price for a 10,920 SF Family Dollar convenience store in Lake Station, IN.
- NN lease with corporate guarantee, single tenant occupancy, and a remaining lease term of 2.1 years (25.8-year lease expiring 12/31/2026).
- 6.62% cap rate, 8.05% pro-forma cap rate, $58,891 NOI, and $71,614 pro-forma NOI.
- Property features new HVAC (2020) and newly paved parking lot (2022), plus .79 acres of vacant land.
- Family Dollar recently completed extensive renovations (2022), demonstrating commitment to the location.
Property Details for 2626 Central Ave
- Property type
- Retail properties, Grocery and convenience stores
- Square Feet
- 10,920 SF
- Year Built
- 2001
- Buildings
- 1
Location Insight
- City
- Lake Station
- County
- Lake
- State
- Indiana
- Latitude
- 41.5730482
- Longitude
- -87.2518047
Nearby Comparable
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - High-yield retail investment; strong tenant.
- Where is the retail property located?
- The property is located at 2626 Central Ave Lake Station, IN.
- What is the asking price?
- The asking price for this property is $890,000.
- What are key features of this property?
- This property features: $890,000 asking price for a 10,920 SF Family Dollar convenience store in Lake Station, IN.; NN lease with corporate guarantee, single tenant occupancy, and a remaining lease term of 2.1 years (25.8-year lease expiring 12/31/2026).; 6.62% cap rate, 8.05% pro-forma cap rate, $58,891 NOI, and $71,614 pro-forma NOI.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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Contacts
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2626 Central Ave, Lake Station, Indiana, 46405
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2626 Central Ave, Lake Station, Indiana, 46405
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The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
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