Campania Mall-Retail Strip Center

Retail-Commercial for Sale
Catylist Listing ID: 30393736
Property Subtypes: Mixed Use, Retail-Pad, Street Retail
Building Size (RSF): 12,800 SF
Gross Building Area: See Agent
Gross Land Area: 1.24 Acres
Sale Price: $1,100,000
Unit Price: $85.94 PSF
Property Use Type: Investment
Building Name: Campania Mall-Retail Strip Center
Sale Terms: Cash to Seller
Cap Rate: 8.66%
Average Occupancy Rate: 125
Last Updated: 3/13/2019

Overview / Comments

For Sale, 815 W. Broadway St. in Loogootee, Indiana. This 12,800 SF retail strip was built in 2003. The building is divided into 4 leasable spaces (3) 1,600 SF and (1) 8,000 SF. The majority of space (8,000sf) was leased by Dollar General until 2018 when they built a new stand-alone building nearby. Current tenant leases 1,600 SF and pays $1,100/month on a month to month lease. This presents the new owner with the unique opportunity to acquire a retail strip with immediate cash flow and 11,200 SF of well located leasable retail space. 

The retail center sits on IN-50 along with many national retail tenants including Subway, Wendy's, and McDonald's. The property is less than half a mile away from Loogootee Healthcare and Rehabilitation Center and 65 miles away from Evansville Regional Airport.

Attachments & Media

Additional Details

Nearest MSA: Evansville
County: Martin
Tax ID/APN: 51-08-25-200-225.000-008
Zoning: C-1
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 2003

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,524 5,440 6,336
Median Age: 37.09 36.84 37.6
Households: 641 2,076 2,418

Contact

Photograph of Listing Agent

Charlie Butler

KW Commercial CPIX Member
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