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Shopping Strip

Five Guys, Chipotle, Mattress Firm

5200 Franklin St, Michigan City, IN 46360

Listing Price: $3,031,000

Cap Rate
7.75%
Gross SF
8,560
Rentable SF
8,560
Price/Gross SF
$354.09
Lot Size
1.60 acres
Year Built
2015

Investment Overview

Outparcel to a Trio of Busy Essential Retailers: Lowe’s, Meijer, Menard’s Strong Retail Corridor within Close Proximity to Walmart, Kohl’s, PetSmart, Starbucks, Burger King, ALDI, Chase Bank, IHOP, McDonald’s, Taco Bell, Wendy’s, Speedway, Panera Bread, Family Express, Among Many Others New State-of-the-Art Franciscan Health Michigan City within Proximity with 123 Private, Inpatient Beds and An Array of Outpatient Services 2020 Population of 43,619 People Estimated within Five Miles, with an Average Household Income of $62,477

Investment Highlights

  • 100 Percent Occupied by National Tenants with NNN Leases and 10% Rental Increases with Huge Parking Lot on 1.50 Acre Outparcel to Lowe's
  • Newer 2015 Construction and High Visibility Location with Strong Traffic of 36,000 Vehicles per Day
  • Essential Retailers are Operating and Paying Rent

Exclusively Listed By

  • Steven J. Siegel

    Licensed Associate Real Estate Broker

    (212) 430-5166

    Email Steven

    License(s): NY: 30SI0857139, NJ: 0015107, CT: REB.0754170

    Manhattan

  • Jesse Limon

    Licensed Real Estate Salesperson

    (212) 430-5291

    Email Jesse

    License(s): IN: RB14048415, NY: 10401271892

    Manhattan

Broker of Record

  • Josh Caruana

    First Vice President/Regional Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Shopping Strip

Five Guys, Chipotle, Mattress Firm

Listing Price: $3,031,000

Cap Rate
7.75%
Gross SF
8,560
Rentable SF
8,560
Price/Gross SF
$354.09
Lot Size
1.60 acres
Year Built
2015

Investment Highlights

  • 100 Percent Occupied by National Tenants with NNN Leases and 10% Rental Increases with Huge Parking Lot on 1.50 Acre Outparcel to Lowe's
  • Newer 2015 Construction and High Visibility Location with Strong Traffic of 36,000 Vehicles per Day
  • Essential Retailers are Operating and Paying Rent

Investment Overview

Outparcel to a Trio of Busy Essential Retailers: Lowe’s, Meijer, Menard’s Strong Retail Corridor within Close Proximity to Walmart, Kohl’s, PetSmart, Starbucks, Burger King, ALDI, Chase Bank, IHOP, McDonald’s, Taco Bell, Wendy’s, Speedway, Panera Bread, Family Express, Among Many Others New State-of-the-Art Franciscan Health Michigan City within Proximity with 123 Private, Inpatient Beds and An Array of Outpatient Services 2020 Population of 43,619 People Estimated within Five Miles, with an Average Household Income of $62,477

Exclusively Listed By

  • Steven J. Siegel

    Licensed Associate Real Estate Broker

    (212) 430-5166

    Email Steven

    License(s): NY: 30SI0857139, NJ: 0015107, CT: REB.0754170

    Manhattan

  • Jesse Limon

    Licensed Real Estate Salesperson

    (212) 430-5291

    Email Jesse

    License(s): IN: RB14048415, NY: 10401271892

    Manhattan

Broker of Record

  • Josh Caruana

    First Vice President/Regional Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

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