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2903 S Washington Street
Kokomo, IN 46902
Asking Price
$2.99M
Cap Rate
5.75%
Asset Type
QSR/Fast Food Retail
Class
Class B
What's Special
Kroger Outparcel | Close Proximity to Indiana University - Kokomo <ul><li>Long-Term Absolute NNN Lease - Tenant is operating under a 15-year absolute NNN lease with zero landlord responsibilities. The Lease offers long-term passive cash flow to investors and is significantly more attractive than competing coffee concepts with shorter 10-year lease structures.</li><li>Strong Contractual Rent Increases - The Lease includes 10% rental increases every 5 years. Given the 15-year term, there are two scheduled rental increases in the base lease term, which provides
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NOI
$80,000
Cap Rate
2.68%
DSCR
0.45
Underwater
Cash-on-Cash
-10.87%
Monthly Payment
$14,792.889
Annual Cash Flow
$-97,514.663
