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Vacant Drug Store w/ 1+ Yrs of "NN" Rent
$1,200,000
2401 Lincoln Way W, South Bend, IN 46628
For Sale
Retail
Free Standing
Active
Last Updated: 11/06/2024
10
Cap Rate
120,000
NOI
Details:
Cap Rate: 10%
NOI: $120,000
Building Size: 10,772 sqft
Lot Area: 1.16 acres
Year Built: 1996
Floors: 1
Highlights:
- 10,772 +/- SF Free Standing Retail Building w/ Drive-Thru Situated On 1.16 +/- Acres In South Bend, IN
- Family Dollar Has Vacated Location - Lease Obligation Runs Until June 2026
- Attractive Opportunity For Purchaser To Collect Remaining Rent While Working to Re-Tenant Property
- Subject Property Built In 1996 - All Block Construction
- Signalized Corner Location w/ Multiple Points of Ingress and Egress
- Strong Traffic Counts w/ Over 14,900 VPD Traveling on Lincoln Way
- South Bend, IN Is Home To The University of Notre Dame - Located 3 Miles From Subject Property
- Five Mile Population Exceeds: 140,000
Location
Gallery
