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889 N Gospel St
Paoli, IN 47454

$2,670,000 USD

Freestanding For Sale  •  42,800 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 43,910 SF
  • Lot Size 6 AC
  • Building Class C
  • Year Built 1970
  • Cap Rate 7.50 %
  • Tenancy Multiple
30 Walk Score

Highlights

Tractor Supply, William Bros Pharmacy, and Mexican Restaurant All Recently Extended Their Leases, Showing Strong Commitment to the site.
100% Occupied by a Diverse Mix of National, Regional and Local Retail, Restaurant, and Service-Oriented Tenants.
10+ Year Tractor Supply anchor and strong historical occupancy with current tenants
Recent improvements include exterior painting, upgraded parking lot lighting, enhanced security/Wi-Fi system and a duro-last roof installed 2012.
All tenants except IN Dept. of Children Services are responsible for repairing and replacing their HVAC unit

Property Flyers

Cap Rate: 7.50 %

Major Tenants

Tenant SF Occupied Lease End Date
Department of Child Services
Paoli Pizza
Tractor Supply Company

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 195
Type: Surface
Included in Rent: Yes
Jordan Klink 317-218-5316 Marcus & Millichap
Jordan Klink 317-218-5316 Marcus & Millichap