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Marion, IN - Hawk Motors

$234,000

702 S. Baldwin Avenue, Marion, IN 46953

Active
Last Updated: 03/02/2024

10

Cap Rate

23,400

NOI

Details:
Cap Rate:    10%
NOI:    $23,400
Building Size:    672 sqft
Lot Area:    0.25 acres
Year Built:    1977
Floors:    1
Parking Spots:    25
Description:

• Tenant has over 4 years of lease term remaining
• Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises
• No landlord responsibilities
• Ideal, management-free investment for a passive investor

• The asset is ideally positioned off of South Baldwin Avenue, an arterial thoroughfare that serves over 27,000 vehicles per day
• The site also benefits from nearby access to State Highway 18 (8,800 VPD), making this an ideal, centralized location with easy commutes
• Located in a dense retail corridor, the subject property is within close proximity to multiple national/credit tenants including Walmart Supercenter, Lowe’s, Aldi, Big Lots, CVS, Walgreens, Dollar Tree, Aaron’s, and more
• Strong tenant synergy increases consumer draw to the immediate subject trade area and promotes crossover tenant exposure to the site
• Excellent visibility and access via significant street frontage along South Baldwin Avenue (27,100 VPD) and multiple points of ingress and egress

Map:
Documents:
Title
Flyer_-_702_S_Baldwin_Ave__Marion.pdf
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Location
Gallery