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Investment Highlights

  • Long Term Leases
  • Dynamic Corporate Tenants
  • Strategic Retail Location
  • Attractive Rent Increases
  • Net Leases

Executive Summary

Horvath & Tremblay is pleased to present the exclusive sale of a two-tenant plaza located at 4124 E Market Street in Logansport, Indiana (the “Property”). The two-tenant plaza is improved with T-Mobile (corporate location) and McAlister’s Deli and contains 4,900 square feet. T-Mobile has 6 years remaining on their lease with two (2), 5-year renewal options. McAlister’s Deli has 9+ years remaining on their lease with two (2), 5-year renewal options. Both leases feature attractive rent increases throughout the primary lease and renewal options. The Property is extremely well-located at the signalized intersection of Yorktown Road and E Market Street, the area’s primary commercial corridor. The Property is positioned within The Junction, a large regional retail development anchored by Walmart Supercenter, The Home Depot andHome2 Suites by Hilton. The Junction also features junior anchors and smaller retailers as well as several restaurants. T-Mobile & McAlister’s Deli are poisoned at one of the entrances to The Junction directly in front of Home Depot. E Market Street has seen significant development over the past few years and is home to countless national and local retailers and restaurants and several nationally branded hotels, all of which drive traffic to the area and provide a built-in customer base. The Property offers convenient access to area schools, Downtown Logansport, US Highways 35 and 24, and Logansport Memorial Hospital.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,900 SF
Building Class
B
Year Built
2021
Price
$2,714,397 CAD
Price Per SF
$553.96 CAD
Cap Rate
7.75%
NOI
$210,366 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.09
Lot Size
1.21 AC

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Accommodation and Food Services
  • -
  • -
  • -

Il y a près de trente ans, un dentiste d'Oxford, au Mississippi, avait l'intention de transformer un restaurant abandonné sur un plateau de tournage en un petit mais charmant restaurant de quartier et lieu de rassemblement. Cette vision s'est concrétisée lorsque le premier McAlister's a ouvert ses portes en 1989. Le menu à l'époque serait encore familier aujourd'hui, rempli de sandwichs savoureux, de spuds et de salades - et bien sûr, de leur célèbre McAlister's Sweet Tea. Non seulement le menu est resté fidèle à ses racines, mais les valeurs aussi. Aujourd'hui, ils ont des restaurants à travers les États-Unis, la marque demeure dévouée à servir de la bonne nourriture avec une hospitalité authentique. Les clients sont invités à venir pour la nourriture et à rester pour l'expérience. Ils peuvent amener de la famille, rencontrer des voisins, célébrer de grandes victoires avec leurs coéquipiers ou se faire de nouveaux amis qui partagent le même amour pour le thé sucré et les sandwichs — parce que chez McAlister's, la table est toujours la vôtre.

  • T-Mobile
  • Retailer
  • -
  • -
  • -
Tenant Industry SF Occupied Rent/SF Lease End
Accommodation and Food Services - - -
T-Mobile Retailer - - -
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100

Nearby Major Retailers

Planet Fitness
PNC Bank
Bob Evans Restaurant
Buffalo Wild Wings
Workout Anytime
Martin's Super Market
Starbucks
Ruler Foods
Scooter's Coffee
Ponderosa Steakhouse

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 09-17-28-240-003.000-010
  • 09-17-28-240-002.000-010
Land Assessment
$682,256 CAD
Improvements Assessment
$619,365 CAD
Total Assessment
$1,301,621 CAD
  • Listing ID: 36089985

  • Date on Market: 2024-01-12

  • Last Updated:

  • Address: 4124 E Market St, Logansport, IN 46947

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