Commercial Sale
20,250 Sqft - 1790 81st Avenue, Merrillville, Indiana
FULLY LEASED, MULTI-TENANT, NNN Retail Auto Center with HIGH VISIBILITY on US-30 with long term NATIONAL BRAND TENANTS.This auto retail space includes a total of 20,250 square feet, 2.34 acres of land, 140 parking spaces, 3 national tenants, and great long term investment potential. Tenants include Mobility Works, AAMCO Transmissions, and Avis Budget Rental Car. Total rental income is $148,320. NNN income $54,977 annual. Annual Expenses are $52,956. Net Operating Income at $150,341.62. Cap rate of 7.51% with NNN Leases in place.Tenant Breakdown:1) Mobility Works – 11,200 Square Feet. $7,000/Month + NNN. Lease Ends 12/31/29.2) AAMCO – 4,500 Square Feet. $2,638.43/Month + NNN. Lease Ends 5/1/24.3) Avis Budget Rental – 4,500 Square Feet.2,545.67/Month + NNN. Lease Ends 7/31/25.
- Listing ID : GNR540806
- Square Footage : 20,250 Sqft