415 S. California Street, Galveston, IN
Retail for Sale - $895,000 - 9,110 Sq. Ft. on 0.96 acres
Property Info
| CIMLS# | 860736 |
| Location 415 S. California Street Galveston IN 46932 | |
| Updated | November 25th, 2016 |
| Type | Retail |
| Price | $895,000 |
| Building | 9,110 Sq. Ft. |
| Land | 0.96 acres |
Property Description
The SVN Colvin Team and David Bickell present this unique Dollar General. The lease was exercised early for 10 years (instead of 5) showing the tenants' extreme commitment to this location. A short drive to Indianapolis, Carmel and Kokomo, this location serves a large market. The current renewal period goes to April 30th, 2025, plus 3 Five Year Renewals with 10% increases in each. The Landlord is responsible for roof and replacement of major systems. Tenant is responsible for all other expenses.
Location Description:
Located directly on US Hwy 35 in the thriving agricultural heart of Indiana. Three minutes west of the US 31 and Hwy 35 interchange at the Kokomo Bypass. The Dollar General is a 15 minute dirve time from Kokomo which has an MSA of 45,468, Indiana's 19th largest city.
Highlights:
>> Early 10 Year Renewal (April 2025)
>> Busy Location with Great Visibility
>> Excellent Price Point
>> Fortune 500 Tenant
>> 8.5% Return on 25% Down
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Financials
Sales Info:
>> Commision split: 3.0%