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1215 N Detroit St
Warsaw, IN 46580

$1,127,368 USD

Freestanding For Sale  •  7,000 SF

Property Details

• Property Type Freestanding
• Total Building Size 7,000 SF
• Lot Size 0.83 AC
• Year Built 2005
• Cap Rate 6.65 %
• Tenancy Single
• Zoning C-2 G

0 Transit Score

37 Walk Score

Highlights

Recent lease extension through December 2034

Significant 21% rental escalation in the first renewal option

AAP has executed multiple lease extensions demonstrating commitment to the site

Strong annual location sales reporting – Contact broker for details

Strong annual location sales reporting – Contact broker for det

Nearby retailers include Meijer, Lowe’s, Walmart, Menards, Starbucks, Buffalo Wild Wings, Sherwin-Williams, O’Reilly Auto Parts, & several others

Property Flyers

OM-Advance-Auto-Parts-Warsaw-IN

Financial Summary (Actual)

Net Operating Income: $74,925 USD (2023)

Cap Rate:

6.65 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Advance Auto Parts		12/31/2034