2015 S Western Ave Marion, IN

Listing office Linville Team Partners j***@ltpxpand.com Show Phone

Listing date Jun 17, 2025

Source Moodyscre

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Investment Insights

Based on property information with market context.

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.

Key Highlights

• 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.

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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.