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Investment Highlights

  • 2022 New Construction | 11 Years Remaining on Lease | Single Tenant Building
  • Located in a Dense Traffic Area with Over 14,000 VPD Reported on E. Walnut | Over 15,000 VPD Reported on Wabash
  • Located Near National Tenants such as Dollar General, Jackson Hewitt, Verizon Wireless, Allstate and Walmart
  • Below Market Rents of just $10.35 Per Square Foot
  • Multiple Access Points | Plenty of Parking with over 50 Surface Level Spaces
  • Strong Community Integration with Goodwill’s nonprofit model tied to local employment and social programs

Executive Summary

2022 New Construction | 11 Years Remaining on Lease | Single Tenant Building

Property Facts

Sale Type
Investment
Property Type
Retail
Building Size
12,608 SF
Building Class
B
Year Built
2022
Price
$3,216,830 CAD
Price Per SF
$255.14 CAD
Cap Rate
5.50%
NOI
$176,946 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.16
Lot Size
1.82 AC
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100

Nearby Major Retailers

Rent-A-Center
Anytime Fitness
Regions Bank
First Merchants Bank
Woodforest National Bank
Applebee's
Biggby Coffee

Property Taxes

Property Taxes

Parcel Number
12-10-11-284-017.001-021
Land Assessment
$282,309 CAD
Improvements Assessment
$1,524,413 CAD
Total Assessment
$1,806,722 CAD
  • Listing ID: 39334804

  • Date on Market: 2026-02-05

  • Last Updated:

  • Address: 1950 E Walnut St, Frankfort, IN 46041

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