516 S. WASHINGTON ST., MARION, IN 46953 | 516 S Washington St
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516 S. WASHINGTON ST., MARION, IN 46953 516 S Washington St
4,132 SF Retail Building Marion, IN 46953 £258,544 (£63/SF) 10.09% Net Initial Yield
Investment Highlights
- Automotive Color & Supply Corporation, a leading distributor of automotive and industrial coatings, anchors the property
- A 10% cap rate with an NNN lease structure, and an attractive investment, o?er minimal landlord responsibilities and scheduled rental increases
- A long-term lease structure and a reputable tenant in a crucial industry ensure a steady and pro?table income stream
- This established tenant operates 10 locations across Indiana and Illinois, ensuring strong regional stability
- Located in close proximity to downtown Marion, this prime location enhances accessibility and visibility making it a compelling investment opportunity
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
4,132 SF
Year Built
1920
Price
£258,544
Price Per SF
£63
Net Initial Yield
10.09%
NOI
£26,085
Tenancy
Single
Number of Floors
1
Building FAR
0.95
Lot Size
0.10 AC
Opportunity Zone
Yes
Zoning
LC/TC Limited Commercial
Nearby Major Retailers
1 of 5
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516 S. WASHINGTON ST., MARION, IN 46953 | 516 S Washington St
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