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Vacant-User

990 N Main St

990 N Main St, Bluffton, IN 46714

Listing Price: $1,935,000

Cap Rate
7.67%
Gross SF
40,252
Rentable SF
40,252
Price/Gross SF
$48.07
Lot Size
5.15 acres
Year Built
1972

Investment Overview

Marcus & Millichap is pleased to exclusively present the opportunity to acquire 990 North Main Street, a single-tenant leased retail property located in Bluffton, Indiana. The Property consists of approximately 40,252 SF of rentable space on approximately 5.15 acres, one mile north of Downtown Bluffton.
The Property is fully leased to Family Farm & Home, a Michigan based retailer specializing in the farm and rural lifestyle. As of January 2023, the brand new retail construction on the smaller parcel (highlighted in green) is nearing completion. Located one mile north of the city center well-regarded retailer serves the Bluffton community of approximately 10,000. The 10-year modified gross lease has 3.5 years remaining in the term, with three (3) five (5) year options for extension.

Investment Highlights

  • Single-tenant leased retail property
  • 10-year modified gross lease has 3.5 years remaining in the term, with three (3) five (5) year options for extension.
  • Family Farm & Home, a Michigan based retailer specializing in the farm and rural lifestyle.

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Financing By

Vacant-User

990 N Main St

Listing Price: $1,935,000

Cap Rate
7.67%
Gross SF
40,252
Rentable SF
40,252
Price/Gross SF
$48.07
Lot Size
5.15 acres
Year Built
1972

Investment Highlights

  • Single-tenant leased retail property
  • 10-year modified gross lease has 3.5 years remaining in the term, with three (3) five (5) year options for extension.
  • Family Farm & Home, a Michigan based retailer specializing in the farm and rural lifestyle.

Investment Overview

Marcus & Millichap is pleased to exclusively present the opportunity to acquire 990 North Main Street, a single-tenant leased retail property located in Bluffton, Indiana. The Property consists of approximately 40,252 SF of rentable space on approximately 5.15 acres, one mile north of Downtown Bluffton. The Property is fully leased to Family Farm & Home, a Michigan based retailer specializing in the farm and rural lifestyle. As of January 2023, the brand new retail construction on the smaller parcel (highlighted in green) is nearing completion. Located one mile north of the city center well-regarded retailer serves the Bluffton community of approximately 10,000. The 10-year modified gross lease has 3.5 years remaining in the term, with three (3) five (5) year options for extension.

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

Financing By

MM Texture Background
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