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    2015 S Western Ave Marion, IN 46953

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    For Sale
    $1,911,756

    NNN leased retail property with long-term tenant in place.

    Property size:
    1,750 SF
    Lot size:
    0.53 Acres

    Property Features for 2015 S Western Ave

    General Information

    Size
    1,750 SF
    Lot size
    0.53 Acres

    Source: Linville Team Partners Agent Jordan Cooper

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    NNN Retail Investment Opportunity

    This retail property is leased to Strickland’s Enterprises, LLC. The rent commencement date was April 22, 2024, and the lease expires on March 31, 2039, leaving over 14 years remaining on the lease term. The lease is absolute NNN, with zero landlord responsibilities. The lease includes four 5-year renewal options and rent escalations of 10% every 5 years. The property is 1750 square feet and may be eligible for bonus depreciation; consult your tax advisor for details.
    Insight Report Location Intelligence

    Current Use by Public Records

    Strickland Brothers 10 ... Oil Change Service Freedom Day Fireworks Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Marion
    County
    Grant
    State
    Indiana
    Longitude
    -85.673149
    Latitude
    40.542426

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    FAQs

    What type of property is this?
    NNN property - NNN leased retail property with long-term tenant in place.
    Where is this nnn property located?
    The property is located at 2015 S Western Ave Marion, IN.
    What is the asking price?
    The asking price for this property is $1,911,756.
    What are key features of this property?
    This property features: - Absolute NNN Lease: Enjoy zero landlord responsibilities.; - Long-Term Lease: Benefit from a 14+ year lease with Strickland’s Enterprises, LLC.; - Rent Escalations: 10% rent increase every 5 years.
    (303) 717-3160
    Request Owner's contact information
    2015 S Western Ave Marion, IN 46953
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    Marion, IN 46953
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2015 S Western Ave Marion, IN 46953
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