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3896 Western Avenue

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Home/IN/Connersville

3896 Western Avenue

Connersville, IN 47331
Asking Price
$3.13M
Cap Rate
8.25%
Asset Type
Storefront Retail
Class
Class B

What's Special

8.25% Cap Rate | Adjacent to Walmart | New 10 Yr Leases & Renewals | Main Retail Destination <ul><li>​<strong style="color: rgba(0, 0, 0, 1)"><u>NEW LEASING MOMENTUM</u>: </strong><span style="color: rgba(0, 0, 0, 1)">Brand-new, ten-year lease with Nails Tech and Division of Family Services (Indiana State Agency) and recent seven-year renewal from Shoe Show.</span></li><li>​<strong style="color: rgba(0, 0, 0, 1)"><u>TENANT SITE COMMITMENT</u>: </strong><span style="color: rgba(0, 0, 0, 1)">Majority of the tenants have been operating at this location since the center was built in 2014 an

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NOI
$80,000
Cap Rate
2.56%
DSCR
0.43
Underwater
Cash-on-Cash
-11.26%
Monthly Payment
$15,460.795
Annual Cash Flow
$-105,529.539

Location & Travel Times

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