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417 Vincennes St
New Albany, IN 47150
Retail Property For Sale
Investment Highlights
- Five Year Lease Extension in 2025, Now Leased Through 2/28/2031
- Adjacent to Rally's and Across from White Castle
- Double Net Lease with Corporate Guarantee
- Part of an Eight Location Dollar General Portfolio and Available for Sale Individually
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,684 SF
Building Class
C
Year Built
1940
Price
$1,759,795 CAD
Price Per SF
$181.72 CAD
Cap Rate
8%
NOI
$140,759 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.33
Lot Size
0.68 AC
Opportunity Zone
Yes
Parking
55 Spaces (5.68 Spaces per 1,000 SF Leased)
Frontage
211’ on Vincennes St
Amenities
- Freeway Visibility
- Pylon Sign
Property Taxes
| Parcel Number | 22-05-02-802-171.000-008 | Improvements Assessment | $273,600 CAD |
| Land Assessment | $157,046 CAD | Total Assessment | $430,646 CAD |
Property Taxes
Parcel Number
22-05-02-802-171.000-008
Land Assessment
$157,046 CAD
Improvements Assessment
$273,600 CAD
Total Assessment
$430,646 CAD
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