1306 N State St Greenfield, IN 46140
Single-tenant Verizon property with a secure, stable income stream.
Property size:
2,387 SFLot size:
0.47 AcresProperty Features for 1306 N State St
General Information
- Standard status
- Active
- Size
- 2,387 SF
- Lot size
- 0.47 Acres
Building Details
- Year built
- 2019
Source:
Crexi
Listing Agency: Bang Realty Listing Agent: Brian Brockman
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Verizon Greenfield Investment Opportunity
The property at 1306 N State St, Greenfield, IN 46140 is a single-tenant, free-standing Verizon building. The property is backed by Verizon's largest franchisee. The lease extends until 2029 and includes three five-year extension options, guaranteed by TCC (The Cellular Connection). TCC is a Verizon retailer with over 1,200 locations nationwide. The property has a CAP rate of 7.23% and a net operating income of $107,250. The building is a build-to-suit property in a high-traffic area with 18,400 vehicles per day. The property is located in an area with upscale demographics and a growing population. The property has a transferrable roof warranty through 2034 and is surrounded by established retailers and amenities. The property size is 2,387 square feet.
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Greenfield
- County
- Hancock
- State
- Indiana
- Longitude
- -85.769884
- Latitude
- 39.801723
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FAQs
What type of property is this?
Retail space - Single-tenant Verizon property with a secure, stable income stream.
Where is this retail space located?
The property is located at 1306 N State St Greenfield, IN.
What is the asking price?
The asking price for this property is $1,482,758.
What are key features of this property?
This property features: - High CAP rate of 7.23% and NOI of $107,250, providing a stable income stream.; - Lease guaranteed by TCC (The Cellular Connection), a major Verizon retailer with over 1,200 locations.; - Long-term lease in place until 2029 with three five-year extension options.
