NNN Retail
4221 S US Hwy 41, Terre Haute, IN 47802
For Sale
Contact for pricing
The offering is identified as an NNN property in Terre Haute, Indiana.
Property Size36,730 SF
Price / SF$185.34
Days on Market20
Property Features for 4221 S US Hwy 41
General Information
Standard status
Size
Property subtype
Additional Details
Cap Rate
Listing Agency:
Cushman & Wakefield - Phoenix, Arizona
Listed By:
Chris Hollenbeck · License IN SA584876000
(602) 538-7155
Source:
Crexi
Added: Oct 26
Changed: Nov 11
Last Checked: Nov 12 at 6:28AM
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 Cushman & Wakefield - Phoenix, Arizona
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail property is presented as an NNN offering in Terre Haute, Indiana. The listing identifies the asset by its location at 4221 S US Hwy 41 and classifies it within the NNN property category.
Key Highlights
- 6.50% cap rate
- Located at 4221 S US Hwy 41 in Terre Haute, Indiana
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$542,594
Cap Rate
7.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,851,880
$10.9M
Cap Rate 7%
$7,751,343
$7.8M
Cap Rate 9%
$6,028,822
$6.0M
Market Conditions
NOI Build-Up for 36,730 SF
Gross rent
$806.6K $21.96/SF
− Vacancy
−$31.5K −$0.86/SF
EGI
$775.1K $21.10/SF
− OpEx
−$232.5K −$6.33/SF
NOI
$542.6K $14.77/SF
Area
Vigo County, IN
Vacancy
3.90%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,851,880
Cap Rate 7%
$7,751,343
Cap Rate 9%
$6,028,822
Alternative Uses
Best Use
Retail
$7.75M
$6.78M – $9.04M
NOI $542,594 @ 7.0% cap · market cap 7.97%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
674
Businesses Nearby
594k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 38%
Shops & Services 21%
Superstores 16%
Apparel 12%
Sam's Club
Superstores
95,273 visits/mo
0.3 miles
Chick-fil-A
Dining
64,184 visits/mo
0.5 miles
Rural King
Home Improvements & Furnishings
55,957 visits/mo
0.5 miles
Academy Sports + Outdoors
Apparel
54,837 visits/mo
0.4 miles
Hobby Lobby
Shops & Services
47,252 visits/mo
0.5 miles
Demographics for 47802, IN
34,229
Population
14,682
Households
2.3
Avg Household Size
39
Median Age
28%
College-Educated
90%
High-School Grad
158.8 sq mi
ZIP Area
216
Density / Sq Mi
$58,880
Median Household Income
$36,457
Median Earnings
$865
Median Rent
$165,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
NNN property - The offering is identified as an NNN property in Terre Haute, Indiana.
Where is this nnn property located?
The property is located at 4221 S US Hwy 41 Terre Haute, IN.
What is the asking price?
The asking price for this property is $6,807,456.
What are key features of this property?
This property features: 6.50% cap rate; Located at 4221 S US Hwy 41 in Terre Haute, Indiana
