Retail•Strip Center•For Sale or Lease

Campania Mall

815 W. Broadway St., Loogootee, Indiana 47553

Sale Price $750,000
Lease Rate $8.00 /SqFt NNN
Sale Type Investment
Zoning C 01
Bldg Type Multi-Tenant
Year Built 2003
Stories 1
Cap Rate 10.29%
Vacancy 12%
Gross Bldg 12,800 SqFt
RBA 12,800 SqFt
Land Area 1.24 Acres
Net Op Inc $77,204
For Sale, 815 W. Broadway St. in Loogootee, Indiana. This 12,800 SF retail strip was built in 2003. The building is divided into 4 leasable spaces (3) 1,600 SF and (1) 8,000 SF. This presents the new owner with the unique opportunity to acquire a retail strip with immediate cash flow and value add through 11,200 SF lease up. The retail center sits on IN-50 along with many national retail tenants including Subway, Wendy's, and McDonald's. Retail Space For Lease at 815 W. Broadway St. in Loogootee, Indiana 1,600 SF at 8.00/SF NNN 8,000 SF at $8.00/SF NNN Off of US-50 across from Redemption Church
  • Tremendous Upside Through Lease Up
  • Corner retail strip on IN-50 near its intersection with IN-231
  • $1,100 of monthly cash flow with the opportunity for the new owner to hand select new market rate tenants
  • Located near national tenants such as Subway, Wendy's, McDonald's, IGA, Dollar General, Ruler Foods, and Dairy Queen
  • Well located corner on IN-50 near the intersection with IN-231
  • High visibility and easy access with a traffic count of over 16,000
  • Billboard sign space free with lease

2 Spaces

Strip Center
8,000 SqFt
$8.00 NNN
Strip Center
1,600 SqFt
$8.00 NNN
9/11/2019 9:06:42 PM 9/14/2019 10:38:26 AM
Cameron Bonger
Commercial Broker
KW Commercial | Evansville


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