Log In/Sign Up
Your email has been sent.
Petland - Richmond IN 4740 National Rd E 6,000 SF Retail Building Richmond, IN 47374 $1,502,010 CAD ($250.33 CAD/SF) 7.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Recent 5-Year Lease Renewal | Commitment To The Site | Additional Options To Extend | $1 PSF Rental Increase
- Dense Retail Corridor | Strong Tenant Synergy
- Strong Demographics Trade Area
- NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
- Strong Frontage On National Rd E (15,000 VPD) | Proximity To I-75
EXECUTIVE SUMMARY
• The tenant, Petland, Inc., recently exercised a 5-year lease renewal, demonstrating their long-term commitment to the location
• One (1) additional 5-year renewal option remains, featuring a flat $1 PSF annual rental increase, supporting future income growth and providing a built-in inflation hedge
• One (1) additional 5-year renewal option remains, featuring a flat $1 PSF annual rental increase, supporting future income growth and providing a built-in inflation hedge
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
6,000 SF
Building Class
B
Year Built
1987
Price
$1,502,010 CAD
Price Per SF
$250.33 CAD
Cap Rate
7.25%
NOI
$108,882 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
0.53 AC
Parking
20 Spaces (3.33 Spaces per 1,000 SF Leased)
Frontage
118’ on E. National Rd.
AMENITIES
- Pylon Sign
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 89-16-35-440-102.000-030 | Improvements Assessment | $384,222 CAD |
| Land Assessment | $278,617 CAD | Total Assessment | $662,839 CAD |
PROPERTY TAXES
Parcel Number
89-16-35-440-102.000-030
Land Assessment
$278,617 CAD
Improvements Assessment
$384,222 CAD
Total Assessment
$662,839 CAD
1 of 5
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Petland - Richmond IN | 4740 National Rd E
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.