Net-Leased Verizon Wireless
For Sale
Contact for pricing
2603 Hart Street, Vincennes, IN 47591
Single-tenant Verizon Wireless retail building under a new 10-year double-net lease arrangement.
Property Size1,617 SF
Lot Size0.72 Acres
Days on Market125
Property Features for 2603 Hart Street
General Information
Standard status
Active
Size
1,617 SF
Lot size
0.72 Acres
Property subtype
Retail
Additional Details
Highway Access
Yes
Building Details
Tenancy
Single
Listing Agency:
Marcus & Millichap - Indianapolis
(317) 218-5329
Listed By:
Nathan Whalen · License #IN AB21402364
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 22 at 7:27AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Indianapolis
Investment Insights
Based on property information with market context.
Marcus & Millichap presents a single-tenant, net-leased Verizon Wireless retail building on a parcel of land. The property is described as a 1,617-square-foot retail building and is subject to a new 10-year lease with The Cellular Connection, LLC dba TCC on a double-net (NN) basis.
Lease rent commenced on December 14, 2015, with a 5% rent increase in year six and 10% increases in each of the three five-year renewal options. Tenant responsibilities include CAM, real estate taxes, insurance, and HVAC, while the landlord is responsible for roof and structure.
The site is positioned just off U.S. Route 41 and is noted for strong retail adjacency, across the street from a Wal-Mart Supercenter and next to retailers including Kohl’s, Office Max, Dollar Tree, Maurice’s, Hibbett Sports, Ponderosa Steakhouse, Applebee’s, KFC, Steak ’n Shake, Arby’s, and Sherwin Williams.
Lease rent commenced on December 14, 2015, with a 5% rent increase in year six and 10% increases in each of the three five-year renewal options. Tenant responsibilities include CAM, real estate taxes, insurance, and HVAC, while the landlord is responsible for roof and structure.
The site is positioned just off U.S. Route 41 and is noted for strong retail adjacency, across the street from a Wal-Mart Supercenter and next to retailers including Kohl’s, Office Max, Dollar Tree, Maurice’s, Hibbett Sports, Ponderosa Steakhouse, Applebee’s, KFC, Steak ’n Shake, Arby’s, and Sherwin Williams.
Key Highlights
- 1,617 SF single‑tenant retail building on 0.72 acres in Vincennes, IN.
- New 10‑year net‑leased Verizon Wireless location on double‑net (NN) terms.
- Lease commenced December 14, 2015 with 5% rent increase in year six.
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
242
Businesses Nearby
Explore this area
Business Placement
Demographics for 47591, IN
24,984
Population
11,874
Households
2.1
Avg Household Size
39
Median Age
20%
College-Educated
90%
High-School Grad
166.5 sq mi
ZIP Area
150
Density / Sq Mi
$57,862
Median Household Income
$37,295
Median Earnings
$794
Median Rent
$140,800
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Retail space - Single-tenant Verizon Wireless retail building under a new 10-year double-net lease arrangement.
Where is this retail space located?
The property is located at 2603 Hart Street Vincennes, IN.
What are key features of this property?
This property features: 1,617 SF single‑tenant retail building on 0.72 acres in Vincennes, IN.; New 10‑year net‑leased Verizon Wireless location on double‑net (NN) terms.; Lease commenced December 14, 2015 with 5% rent increase in year six.
