4120 Market StLogansport, IN 46947
- Retail properties
- 97,748 SF
Property Details for 4120 Market St
- Year built
- 2002
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 10.90 AC
- Property size (Sq ft)
- 97,748 SF
- Property type
- Retail properties
- Property subtype
- Outlet malls
- APN
- 09-17-28-240-001.000-010
- APU
- 91728240001000010
Description
Prime Logansport location, strong NOI, 7.09% cap rate. This 4,900 sq ft retail property, built in 2021, features T-Mobile and McAlister's Deli on a 1.21-acre lot with 36 parking spaces. The property boasts a 100% occupancy rate with new 10-year NNN leases including rent bumps and two 5-year options. The McAlister's Deli location includes a drive-thru. The property is strategically located on a major retail corridor, shadow-anchored by The Home Depot, and benefits from a dense trade area with strong demographics. The property offers a compelling investment opportunity with significant upside potential due to the scheduled rent increases and the strength of the tenant lineup. The property's location near other major retailers, including Walmart, Harbor Freight, and Rural King, ensures high visibility and foot traffic. The surrounding area also includes numerous residential communities, providing a substantial customer base. The property's financial performance is further enhanced by the triple-net (NNN) lease structure, minimizing landlord responsibilities and maximizing passive income. The 7.09% cap rate and $154,200 NOI make this a highly attractive investment opportunity. The asking price is $2,175,000.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $27,025,276
- 6.5%
- $24,946,408
- 7%
- $23,164,522
-
Comparable approach
- Method
- Valuation
- Relative Method
- $32,083,826
- Geo Method
- $32,083,826
-
Alternative Use
- Use
- Valuation
- Residential
- $21,043,230
- Hospitality
- $19,275,484
- Educational
- $16,036,977
- Medical
- $16,588,513
- Retail
- $24,946,408
Location Insight
- City
- Logansport
- County
- Cass
- State
- Indiana
- Latitude
- 40.7589
- Longitude
- -86.3106
- CBSA code
- 30900
- CBSA name
- LOGANSPORT, IN MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- 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.
- 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.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].