Cheddar's Scratch Kitchen - Lafayette, IN
91 North 36th Street, Lafayette, IN, 47905, US
R 83,717,000 | 824 m²
Description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the single-tenant 7-Eleven at SR 101 at Maumee Center Road in Woodburn, Indiana (“Property” or “Asset”). The Property is operating on an absolute NNN lease with 18.0 years of primary lease term, 10.0% rent escalations every 5 years and four, five-year options.
IN Broker of Record: Steve Schwegman: IN License #: RB14042704
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Attributes
Asking price
R 200,044,000
Cap rate
5.25%
NOI
R 10,505,000
WAULT
18 years
Land area gross
1.4 ha
Building area net
447 m²
Media
Investment Highlights
- Fee simple and bonus deprecation eligible (check with your CPA)
- 18.0 years of absolute NNN primary lease term from investment grade ‘A’ tenant
- SR 101/US 24 interchange with accessibility to 19,000 VPD
- Adjacent to #3 most visited Love’s Travel Shop in Indiana with 1.2M visits annually
- Strong demographics with $106K average household income within 5-mile radius
- Fort Wayne is the fastest-growing large city in the Midwest
Contact brokers
7-Eleven - Woodburn, IN (0 Properties)
