640 N Wayne St

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640 N Wayne St

Angola, IN 46703
Asking Price
$1.77M
Cap Rate
6.75%
Asset Type
Gas Station Retail
Class
Class B

What's Special

Large Operator | Annual Increases | ​11+ years Remaining <ul><li>​<strong>Offered at $1,771,000</strong>, reflecting a 6.75% cap rate.</li><li>​<strong>Absolute NNN </strong>lease structure with zero landlord responsibilities, providing passive ownership.</li><li>​<strong>11+ Years </strong>of remaining lease term, offering income security. The tenant recently executed an early lease extension, underscoring its commitment to the site.</li><li>​<strong>Approximately 1.3% Annual Rent Increases </strong>provide scheduled income growth and a measure of in

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NOI
$80,000
Cap Rate
4.52%
DSCR
0.76
Underwater
Cash-on-Cash
-4.73%
Monthly Payment
$8,761.942
Annual Cash Flow
$-25,143.301

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