1106 Plymouth Street, Bremen, IN
Others for Sale - $340,000 - 20,909 Sq. Ft.
Agent Info
Nicholas DeMaegd CENTURY 21 Circle |
Property Info
CIMLS# | 1159279 |
Location 1106 Plymouth Street Bremen IN 46506 | |
Updated | May 7th, 2024 |
Type | Others |
Price | $340,000 |
Building | 20,909 Sq. Ft. |
Property Description
Tenant occupied investment property performing at 12% CAP rate. Seller is expanding his other business and needs to cash out! El Rancho Viejo is the current lessee and is a popular restaurant with a loyal clientele. Current lease runs through 2027 with landlord paying only taxes. The sale includes the real estate, specific trade fixtures, and a 3-way liquor license. The property sits on the main east-west corridor through town with an daily average of 8,432 vehicles and is poised for additional growth. Bremen is the largest city in Marshall county and has a large and well established local manufacturing corridor, low cost of doing business, and a regional commitment to continued growth. This is a great opportunity to see great rental return with a well liked and performing tenant. Monthly rent at $4,000/yr through 2026, $5,000/yr 2027 Parking for 35 cars. Included inventory attached. Tenant shows interest in renewing lease post 2027