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508 E Southway Blvd
Kokomo, IN 46902
Retail Property For Sale
EXECUTIVE SUMMARY
This 2 tenant building located on high traffic - Southway Blvd. is longtime home of ATI Physical Therapy and recently home of a very experienced restaurant with multiple locations. NOI of $105,630 (7.8% Cap Rate). Property in great condition and great investment opportunity. Contact LA. ATI NNN Lease 55% & Ramen Tea set NNN contribution of $17,124 toward TX, CAM, Insurance. Leaving owner with only $1,100 expenses per year.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,791 SF
Building Class
B
Year Built
2008
Price
$1,873,713 CAD
Price Per SF
$391.09 CAD
Cap Rate
7.80%
NOI
$146,150 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.11
Lot Size
1.00 AC
Zoning
Commercial
Parking
40 Spaces (18.46 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
- Signalized Intersection
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 34-10-18-101-031.000-002 | Improvements Assessment | $1,039,956 CAD |
| Land Assessment | $389,472 CAD | Total Assessment | $1,429,429 CAD |
PROPERTY TAXES
Parcel Number
34-10-18-101-031.000-002
Land Assessment
$389,472 CAD
Improvements Assessment
$1,039,956 CAD
Total Assessment
$1,429,429 CAD
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