Net-Leased Verizon Wireless
2603 Hart Street Vincennes, IN 47591
2603 Hart Street, Vincennes, IN, 47591
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For Sale
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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 Market104
Property Features for 2603 Hart Street
General Information
- Standard status
- Active
- Size
- 1,617 SF
- Lot size
- 0.72 Acres
- Property subtype
- Retail
Listing agency
Marcus & Millichap - Indianapolis
(317) 218-5329
Listed by
Nathan Whalen · License #IN AB21402364
Source
Crexi
Added: Apr 10 Updated: Jul 22 at 7:27AM 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
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
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.
