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2141 Sagamore Pky S
Lafayette, IN 47905

$1,305,000 USD

General Retail For Sale  •  2,405 SF

Property Details

  • Property Type General Retail
  • Total Building Size 2,405 SF
  • Lot Size 0.48 AC
  • Building Class C
  • Year Built 2016
  • Cap Rate 6.24 %
  • Tenancy Single
35 Transit Score
45 Walk Score

Highlights

Operates under a triple-net lease, whereas tenant reimburses landlord for CAM, Property Taxes and Insurance and landlord collects a 15% CAM Admin fee
Located along Sagamore Parkway S (30K VPD), adjacent to the Tippecanoe Mall, an indoor regional mall and surrounded by numerous national retailers
Major retailers close by: BestBuy, Menards, Texas Roadhouse, Planet Fitness, Dunkin, Arby’s, Starbucks, McDonald’s, Dick’s Sporting Goods, Kohl’s
Visionworks exercised their first renewal option early showing strong commitment to the subject site
Lafayette is driven by a combination of major economic drivers: Purdue University (Big Ten University) and major employers Subaru & Caterpillar
Cap Rate: 6.24 %

Amenities

  • Signage
  • Tenant Controlled HVAC
  • Wheelchair Accessible
  • Air Conditioning
  • Smoke Detector

Public Transportation

Commuter RailDriveWalkDistance
7 min - 3.6 mi
Jordan Klink 317-218-5316 Marcus & Millichap
Jordan Klink 317-218-5316 Marcus & Millichap