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AutoZone - Family Dollar
915 N Washington St, Kokomo, IN 46901
Listing Price: $1,565,000
Investment Overview
The subject investment is a 20,160-square-foot plaza occupied by AutoZone and Family Dollar for 19 years and 20 years, respectively, near downtown Kokomo, Indiana. The AutoZone lease was extended for 10 years in 2023 and Family Dollar extended theirs for five years, ending December 31, 2029.
AutoZone - Family Dollar
Investment Highlights
- Both Family Dollar and AutoZone have an 18-Year Operating History at this Location
- Priced Below $80 per Square Foot for Two-National-Tenants Plaza
- Low Single Digit Rents Provide Stable Low Cost Basis and Potential Rent Growth
- Second Year Projected Cap Rate - 7.3 Percent Due to AutoZone Rent Increase of 10 Percent
- AutoZone Elected to Renew for a 10-Year Term in 2023
- Both Tenants Paying Under $6 per Square Foot in Base Rent
Exclusively Listed By
Broker of Record
Listing Price: $1,565,000
Investment Highlights
- Both Family Dollar and AutoZone have an 18-Year Operating History at this Location
- Priced Below $80 per Square Foot for Two-National-Tenants Plaza
- Low Single Digit Rents Provide Stable Low Cost Basis and Potential Rent Growth
- Second Year Projected Cap Rate - 7.3 Percent Due to AutoZone Rent Increase of 10 Percent
- AutoZone Elected to Renew for a 10-Year Term in 2023
- Both Tenants Paying Under $6 per Square Foot in Base Rent
Investment Overview
The subject investment is a 20,160-square-foot plaza occupied by AutoZone and Family Dollar for 19 years and 20 years, respectively, near downtown Kokomo, Indiana. The AutoZone lease was extended for 10 years in 2023 and Family Dollar extended theirs for five years, ending December 31, 2029.
Exclusively Listed By
Broker of Record
-
Josh Caruana
First Vice President/District Manager
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