Papa John's - Single Tenant Investment Opportunity

Retail-Commercial for Sale
Catylist Listing ID: 30336312
Property Subtypes: Free-Standing Building, Restaurant, Street Retail
Building Size (RSF): 1,334 SF
Gross Building Area: See Agent
Sale Price: $310,000
Unit Price: $232.38 PSF
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Undisclosed
Cap Rate: 7.47%
Last Updated: 9/27/2018

Overview / Comments

This stable, single tenant investment property is housed by Papa John's pizza with a lease expiration of 2025. The tenant has been successfully operating from this location since 2012.

Attachments & Media

Financials

Finance Data Year 2018
Net Operating Income $23,152 (Annual)

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Clark
Tax ID/APN: 10-18-11-700-277.000-004
Zoning: COM
Property Visibility: Excellent
Largest Nearby Street: Old Indiana 403
Feet of Frontage: 46
Traffic/Vehicle Count: 21,000
Area Description: The building is located at 905 Market Street near the heart of downtown Charlestown, IN.
Year Built: 1973
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 787 5,524 20,547
Median Age: 38.15 37.29 37.3
Households: 325 2,178 7,564

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