525 Lafayette Ave 1 130 pi² Commerce de détail Immeuble Lebanon, IN 46052 318 200 $ CAD (281,59 $ CAD/pi²) 8,32% Taux de capitalisation

Income-producing restaurant investment opportunity in Lebanon, Indiana. 525 Lafayette Avenue features an approximately 1,130 SF brick commercial building situated on a highly visible 4,356 SF corner lot along an established corridor near downtown Lebanon. The property is currently leased to Pizza King, an established Indiana restaurant franchise, generating $2,000 per month / $24,000 in annual gross rent.
The property features C3 Commercial zoning, seven designated parking spaces, distinctive exterior murals, and strong visibility from multiple public-facing sides. Located near downtown Lebanon and neighboring commercial and employment uses, the property offers investors an opportunity to acquire a manageable, income-producing commercial asset with an established restaurant tenant.
Property Improvements / Capital Updates:
-Current owner purchased the property in 2023 and completed significant updates that year.
-HVAC system replaced in 2023.
-Major portion of the roof replaced in 2023.
-Remaining section of the roof replaced in 2026.
-Property was updated/remodeled in 2023.
Lease / Maintenance Responsibilities:
Landlord: Responsible for HVAC repair/replacement and roof repair/replacement.
Tenant: Responsible for routine HVAC maintenance.
Investment Note:
The recent HVAC and roof replacements reduce near-term exposure to two of the property's larger landlord-responsibility capital items.