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3900 Lexington Rd
Logansport, IN 46947

$2,495,000 USD

Storefront For Sale  •  18,600 SF

Property Details

  • Property Type Storefront
  • Total Building Size 18,600 SF
  • Lot Size 3.19 AC
  • Building Class C
  • Year Built 2011
  • Tenancy Multiple
  • Zoning Commercial
0 Transit Score
43 Walk Score

Highlights

Value-Add Opportunity; 80% leased multi-tenant retail opportunity with +/- 3,700 SF of vacancy providing immediate upside for a new owner
High Historical Occupancy; 4 of the 5 current tenants have been operating at this location since 2011 showing the tenants strong commitment
Strong Tenant Mix; Complimentary mix of national and local retailers all signed to landlord favorable net leases, with additional option periods
Out-lot Development Potential; Ability to parcel off and develop a roughly ½ acre out lot parcel
Surrounded by tenants such as; Walmart, The Home Depot, Planet Fitness, Dunham’s Sports, Dollar Tree, McAlister’s Deli, Culver’s, Taco Bell, and more
Strong Demographics; Located in a densely populated and middle-class area with over 25,061 residents and an average household income of $75,100

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 123
Type: Surface
Included in Rent: Yes
Chad Firsel 312-269-0220 Quantum Real Estate Advisors, Inc
Chad Firsel 312-269-0220 Quantum Real Estate Advisors, Inc