For Sale
$1,800,000
2825 Broadway St Princeton, IN 47670
Prime QSR location; high traffic; redevelopment opportunity.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 136
Highlights
- $1,800,000 asking price for a 3,832 sq ft QSR/Fast Food retail property in Princeton, IN.
- NNN lease, single tenant (Bob Evans), expiring 4/1/2026 (1.4 years remaining).
- Currently 100% occupied, generating $57,000 NOI, with a pro-forma NOI of $120,000 and a pro-forma cap rate of 6.67%.
- Located on a busy signalized intersection, across from a Walmart Supercenter, with ample parking.
- 1-acre site with excellent visibility and high traffic counts (18,600+ AADT on West Broadway Street and 16,533+ AADT on US-41).
- Surrounded by national retailers (Walmart, GMC, Maurices, Dollar Tree).
Property Details for 2825 Broadway St
- Property type
- Retail properties
- Square Feet
- 3,832 SF
- Class
- A
- Year Built
- 1995
- Buildings
- 1
- Stories
- 1
Location Insight
- City
- Princeton
- County
- Gibson
- State
- Indiana
- Latitude
- 38.355029093284
- Longitude
- -87.605484415743
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - Prime QSR location; high traffic; redevelopment opportunity.
- Where is the retail property located?
- The property is located at 2825 Broadway St Princeton, IN.
- What is the asking price?
- The asking price for this property is $1,800,000.
- What are key features of this property?
- This property features: $1,800,000 asking price for a 3,832 sq ft QSR/Fast Food retail property in Princeton, IN.; NNN lease, single tenant (Bob Evans), expiring 4/1/2026 (1.4 years remaining).; Currently 100% occupied, generating $57,000 NOI, with a pro-forma NOI of $120,000 and a pro-forma cap rate of 6.67%.
- How can I contact the broker?
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