701 Baldwin ave
Marion, IN 46953
Vacant Building for Lease or Sale in Marion, · Retail Property For Sale

Introducing an incredible investment opportunity in Marion, IN! Presenting the 702 S Baldwin Ave, a highly desirable single tenant property with a long-term commitment from HAWK Motors, Inc., a reputable auto dealership. This absolute NNN lease with no landlord responsibilities ensures a hassle-free investment for savvy investors. Boasting a convenient location on a 0.25 acre lot, this property features a well-maintained 672 SF building. With a lease in place until September 1, 2022, and an impressive average of 23,579 vehicles per day, this opportunity offers stability and potential for solid returns. Priced at $360,000, this property generates a 6.5% cap rate with an estimated NOI of $23,400 as of August 15, 2023. The personal guaranty and fee simple ownership further enhance the value and security of this investment. Located in a thriving community, the property enjoys a significant population of 37,740 within a 5-mile radius. With a median household income of $51,744 and a diverse range of establishments, including a strong presence of over 1,000 businesses, the local economy demonstrates great potential for growth. Don't miss out on this exceptional investment opportunity at 702 S Baldwin Ave, Marion, IN. Contact us today to capitalize on the potential of this prime property!