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6541 IN-42
Terre Haute, IN 47803

$1,617,000 USD

Distribution For Sale  •  15,780 SF

Property Details

  • Property Type Distribution
  • Total Building Size 15,780 SF
  • Lot Size 2.56 AC
  • Year Built 2001
  • Cap Rate 6.75 %
  • Tenancy Single
9 Transit Score
0 Walk Score

Highlights

Single-Tenant Frito-Lays Distribution Warehouse: Tenant recently extended their lease for 10 years in 2023
Large 2.5+ Acre Parcel: The oversized parcel sits adjacent to an additional 3.15-acre parcel that is not included in sale but available for sale
Below Market Replaceable Rent: Annual rent of $7.07 per sq ft is below market providing future upside to increase or replace rent at a higher rate
Strategic Last Mile Location: Located adjacent to the Terre Haute Airport & serves the entire Terre Haute & Wabash Valley MSA (roughly 200,000 ppl)
Terre Haute is the County Seat of Vigo County and One of the Largest Cities in the Wabash Valley MSA with a Population in Excess of 60,000 People
Located roughly 70 miles west of Downtown Indianapolis, IN, the capitol, and largest city in Indiana
Cap Rate: 6.75 %
Dylan Mallory 844-585-7678 Hanley Investment Group
Dylan Mallory 844-585-7678 Hanley Investment Group