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Starbucks and Rosati's Pizza 2160 Morthland Dr

3,600 SF 100% Leased Retail Building Valparaiso, IN 46385 £1,566,600 (£435/SF) 7.20% Net Initial Yield

Executive Summary

Starbucks and Rosati's Pizza on an outlot of the Strak & Van Til shopping Center. With a 6.25% Cap rate the long term investment will sell fast.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,600 SF
Building Class
B
Year Built
2007
Price
£1,566,600
Price Per SF
£435
Net Initial Yield
7.20%
NOI
£112,780
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.08
Lot Size
1.00 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
C - Commercial Zoning
Parking
30 Spaces (8.33 Spaces per 1,000 SF Leased)
Frontage
132 ft on Morthland Dr (US-30)

Amenities

  • Signage
  • Signalised Intersection
  • Drive Thru
  • Monument Signage
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Nearby Major Retailers

Starbucks
Aldi
Strack & Van Til
First Merchants Bank
Chase Bank
Anytime Fitness
Applebee's

PROPERTY TAXES

Parcel Number 64-09-27-226-006.000-004 Improvements Assessment £337,524
Land Assessment £159,715 Total Assessment £497,239

PROPERTY TAXES

Parcel Number
64-09-27-226-006.000-004
Land Assessment
£159,715
Improvements Assessment
£337,524
Total Assessment
£497,239
(219) 608-0328

Contact

  • Listing ID: 33219494

  • Date on Market: 18/09/2024

  • Last Updated:

  • Address: 2160 Morthland Dr, Valparaiso, IN 46385

The Retail Property at 2160 Morthland Dr, Valparaiso, IN 46385 is currently available for sale. Contact LaPorte County Realty for more information.

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© 2024 CoStar Group

Starbucks and Rosati's Pizza | 2160 Morthland Dr
(219) 608-0328 x

Starbucks and Rosati's Pizza | 2160 Morthland Dr

Bryon Eigenmann

(219) 608-0328

(219) 608-0328

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