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1105 38th Street
Marion, IN 46953

$1,283,600 USD

Convenience Store For Sale  •  9,100 SF

Property Details

  • Property Type Convenience Store
  • Total Building Size 9,100 SF
  • Lot Size 0.89 AC
  • Building Class C
  • Year Built 2018
  • Cap Rate 7.00 %
  • Tenancy Single
  • Zoning C
0 Transit Score
24 Walk Score

Highlights

Located 1 Mile from Indiana Wesleyan University, A Private Christian University with Undergraduate and Graduate Programs and +/-3,000 Students
Triple-Net Lease with No Landlord Responsibilities, Tenant Responsible for Roof & Structure
9 Years Remaining of Original 15-Year Lease with Investment-Grade Corporate Tenant
Located ½ Mile from the VA Northern Indiana Hospital which Spans Over 144 Acres
Close Proximity to National Retailers: Meijer, Hobby Lobby, T.J. Maxx, Texas Roadhouse, McDonald’s, Harbor Freight Tools, Walmart Supercenter and More

Property Flyers

Cap Rate: 7.00 %

Major Tenants

Tenant SF Occupied Lease End Date
dollar general 9,100 SF 9/30/2033

Amenities

  • Signage
  • Air Conditioning

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 43
Type: Surface
Included in Rent: Yes
Jordan Klink 317-218-5316 Marcus & Millichap
Jordan Klink 317-218-5316 Marcus & Millichap