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3805 Fortune Dr 61,258 SF Retail Building Lafayette, IN 47905 $11,569,780 CAD ($188.87 CAD/SF) 6.25% Cap Rate
Investment Highlights
- High visibility at the intersection of Creasy Lane and Fortune Drive
- Well maintained property
- Over 23,000 daily average vehicle count on Creasy Lane
- Digital Pylon Sign
Executive Summary
Incredible investment opportunity in Lafayette, IN. 3805 Fortune Drive is a multi-tenant property with over 65,000 SF of leasable space and is 100% occupied and anchored by "Sell It Here" Lafayette’s largest resale and antique store. This well maintained property is located at the intersection of Creasy Lane and Fortune Drive and boasts an average daily traffic count of over 23,000 vehicles according to INDOT. The property has over 140 paved and striped parking spots and a loading dock in the rear of the building. All three rental spaces have their own entrance. A digital monument sign is also included.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
61,258 SF
Building Class
B
Year Built
2004
Price
$11,569,780 CAD
Price Per SF
$188.87 CAD
Cap Rate
6.25%
NOI
$723,111 CAD
Tenancy
Single
Building Height
1 Story
Loading Docks
4 Exterior
Building FAR
0.31
Lot Size
4.51 AC
Zoning
General Business - General commercial zoning for various business activities.
Parking
95 Spaces (1.55 Spaces per 1,000 SF Leased)
Frontage
575’ on Fortune Drive
Amenities
- 24 Hour Access
- Corner Lot
- Pylon Sign
- Security System
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Keepers
- Retailer
- 4,060 SF
- -
- Modified Gross
- -
- Lafayette Mentors
- Administrative and Support Services
- 9,191 SF
- -
- Modified Gross
- -
- Sell It Here
- Retailer
- 51,981 SF
- -
- Modified Gross
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Keepers | Retailer | 4,060 SF | - | Modified Gross | - | |
| Lafayette Mentors | Administrative and Support Services | 9,191 SF | - | Modified Gross | - | |
| Sell It Here | Retailer | 51,981 SF | - | Modified Gross | - |
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 79-07-26-251-013.000-004 | Improvements Assessment | $5,064,291 CAD |
| Land Assessment | $0 CAD | Total Assessment | $5,064,291 CAD |
Property Taxes
Parcel Number
79-07-26-251-013.000-004
Land Assessment
$0 CAD
Improvements Assessment
$5,064,291 CAD
Total Assessment
$5,064,291 CAD
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3805 Fortune Dr
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