Language and Region
Currency

This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.

Email*

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Send me a copy

961 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

3900 Lexington Rd

18,600 SF 80% Leased Retail Building Logansport, IN 46947 £1,952,213 (£105/SF) 7.35% Net Initial Yield

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

Investment Highlights

Value-Add Opportunity; 80% leased multi-tenant retail opportunity with +/- 3,700 SF of vacancy providing immediate upside for a new owner
Strong Tenant Mix; Complimentary mix of national and local retailers all signed to landlord favorable net leases, with additional option periods
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

High Historical Occupancy; 4 of the 5 current tenants have been operating at this location since 2011 showing the tenants strong commitment
Out-lot Development Potential; Ability to parcel off and develop a roughly ½ acre out lot parcel
Strong Demographics; Located in a densely populated and middle-class area with over 25,061 residents and an average household income of $75,100

Executive Summary

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.