1807 Lincoln Way West

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1807 Lincoln Way West

South Bend, IN 46628
Asking Price
$1.39M
Cap Rate
6.5%
Asset Type
Gas Station Retail
Class
Class B

What's Special

20+ Year Operating History | New 10-Year Lease Extension | Corporate Guaranty (1,400+ Units) <p><strong>New 10-Year Lease Extension | 20+ Year Operating History</strong></p><ul><li>​GPM Investments has over 9 years remaining on a new 10-year lease that doesn’t expire until 2036.</li><li>​GPM Investments has been in operation at this site since 2006, showing their long-term commitment to the site by signing a 10-year lease extension in 2026.</li></ul><p><strong>Absolute NNN Lease | 2.00% Annual Rent Increases</strong></p><ul><li>​The lease includes 2.00% annual rent increases to hedge in

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NOI
$80,000
Cap Rate
5.78%
DSCR
0.97
Underwater
Cash-on-Cash
-0.54%
Monthly Payment
$6,852.224
Annual Cash Flow
$-2,226.692

Location & Travel Times