For Sale
$1,000,000

818 National AveBrazil, IN 47834

High-Yield Investment Opportunity: 7.5% Cap Rate

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
118
This exceptional retail storefront, located at 818 E National Avenue in Brazil, Indiana, presents a compelling investment opportunity. The property boasts a substantial 3,833 square feet of space within a single-tenant, free-standing building constructed in 2000. Currently occupied by AT&T Spring Mobile under a recently renewed five-year lease extending through 2029, with a further five-year option, this investment offers strong, predictable income. The property sits on a 0.54-acre lot and provides ample parking with 27 spaces. Its strategic location on Highway 40 places it within the vibrant Brazil Retail District, alongside established businesses such as Verizon, McDonald's, Pizza Hut, and Walgreens, ensuring high visibility and foot traffic. The building is zoned C and features a Net Operating Income (NOI) of $74,824, translating to an attractive 7.5% capitalization rate. The property's strong tenant, prime location, and impressive financial performance make it an ideal addition to any investment portfolio. The APN is 11-01-31-100 -393.000-002. This is a one-story building in Clay County, Indiana, zip code 47834.

Highlights

  • $1,000,000 asking price for this 3,833 square foot retail storefront.
  • 7.50% cap rate with a $74,824 net operating income (NOI).
  • Located at 818 E National Avenue, Brazil, IN 47834, on Highway 40 in the heart of the Brazil retail district.
  • Single-tenant, free-standing building with 27 parking spaces on a 0.54-acre lot.
  • Built in 2000, this one-story building is zoned C and features an AT&T Spring Mobile tenant with a lease extending through 2029, plus a five-year option.

Property Details for 818 National Ave

Property type
Retail properties, Retail space
Square Feet
3,833 SF
Year Built
2000
Stories
1
Lot Size (sq. ft)
23,522 SF

Location Insight

City
Brazil
County
Clay
State
Indiana
Latitude
39.5261363
Longitude
-87.1156703
818 National Ave, Brazil, Indiana

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Contacts

Dave Cash
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Disclaimer

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.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

818 National Ave
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