3465 South StLafayette, IN 47905

For Sale
$2,546,000 View listing
  • Retail properties
  • 4,500 SF

Property Details for 3465 South St

Year built
2018
Lot size
0.80 AC
Property size (Sq ft)
4,500 SF
Property type
Retail properties
Property subtype
Retail space

Description

This exceptional investment opportunity presents a 4,500 square foot, single-tenant storefront occupied by Xfinity, a division of Comcast Corporation. Located at 3465 South St, Lafayette, IN 47905, this property boasts a prime location within a thriving retail corridor, anchored by major national retailers including Home Depot, Target, Lowe's, Sam's Club, Walmart, and Meijer. The property benefits from its proximity to Purdue University, a leading research institution with over 50,000 students, and the Caterpillar Large Engine Plant, employing approximately 2,000 workers. The current lease, a triple-net (NNN) agreement, commenced July 30, 2018, and expires July 31, 2028, with two 5-year renewal options and 10% rent increases every five years. The property features 30 parking spaces on a 0.8-acre lot. The building, constructed in 2018, is a single-story structure with a 7.00% cap rate and a Net Operating Income (NOI) of $178,200. Comcast Corporation's investment-grade credit rating (S&P: A-; Moody's: A3) ensures a secure and stable investment. The property is zoned for commercial use and offered as a fee-simple ownership. This is a rare opportunity to acquire a high-performing, investment-grade retail property in a rapidly growing market.

3465 South St, Lafayette, Indiana

Location Insight

City
Lafayette
County
Tippecanoe
State
Indiana
Latitude
40.417
Longitude
-86.8531

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