400 Halleck StDe Motte, IN 46310

Property Details for 400 Halleck St

Year built

2014

Lot size

0.30 AC

Zone code

BUFF

Property type

Parking lots & garages

APN

37-15-22-000-089.000-025

APU

371522000089000025

Description

This exceptional investment opportunity presents a 6,831 square foot auto parts retail building located at 400 N Halleck St, De Motte, IN 46310. The property is currently leased to Advanced Auto Parts under a Net Lease (NN) agreement with a remaining lease term of approximately 5.9 years, expiring October 31, 2030. Built in 2013, this single-tenant property boasts a strong financial performance, with a current Net Operating Income (NOI) of $102,192 and a compelling 6.80% capitalization rate. The asking price is $1,502,823, translating to a price per square foot of $220. The property's location in De Motte, Indiana, within Jasper County, offers excellent visibility and accessibility. Early renewal options are available, providing long-term stability and predictable cash flow for the investor. This is a rare chance to acquire a well-established, passively managed investment property with a proven track record and significant remaining lease term. The property's strong tenant, favorable lease terms, and attractive financial metrics make it an ideal addition to any diversified real estate portfolio. The property is situated at 41.2064984 latitude and -87.1994283 longitude.

• CAP approach

  CAP return

  Valuation

  6%

  $6,173,534

  6.5%

  $5,698,646

  7%

  $5,291,600

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,289,310

  Geo Method

  $4,289,310

• Alternative Use

  Use

  Valuation

  Residential

  $4,807,022

  Hospitality

  $4,403,206

  Educational

  $3,663,416

  Medical

  $3,789,406

  Retail

  $5,698,646

Location Insight

City

Demotte

County

Jasper

State

Indiana

Latitude

41.2062

Longitude

-87.1994

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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