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    400 Halleck St De Motte, IN 46310

    Sponsored
    For Sale
    $1,502,823

    High-Yield Net Lease Investment Opportunity

    Property size:
    6,831 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a 6,831 square foot auto parts retail building located at 400 N Halleck St, De Motte, IN 46310. The property is currently leased to Advanced Auto Parts under a Net Lease (NN) agreement with a remaining lease term of approximately 5.9 years, expiring October 31, 2030. Built in 2013, this single-tenant property boasts a strong financial performance, with a current Net Operating Income (NOI) of $102,192 and a compelling 6.80% capitalization rate. The asking price is $1,502,823, translating to a price per square foot of $220. The property's location in De Motte, Indiana, within Jasper County, offers excellent visibility and accessibility. Early renewal options are available, providing long-term stability and predictable cash flow for the investor. This is a rare chance to acquire a well-established, passively managed investment property with a proven track record and significant remaining lease term. The property's strong tenant, favorable lease terms, and attractive financial metrics make it an ideal addition to any diversified real estate portfolio. The property is situated at 41.2064984 latitude and -87.1994283 longitude.

    Property Features for 400 Halleck St

    General Information

    Property type
    Automotive properties
    Square Feet
    6,831 SF

    Building Details

    Year Built
    2013

    HighLights

    • 6,831 SF auto parts retail building in De Motte, IN.
    • Net lease (NN) to Advanced Auto Parts with 5.9 years remaining (expires 10/31/2030).
    • $1,502,823 asking price ($220/SF); $102,192 NOI; 6.80% cap rate.
    • Excellent visibility and accessibility in Jasper County, IN.
    • Early renewal options available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Advance Auto Parts Auto Parts Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    De Motte
    County
    Jasper
    State
    Indiana
    Longitude
    -87.1994283
    Latitude
    41.2064984

    Nearby Comparable

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      DeMotte Retail Building - High Visibility

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    • $1,650,000

      22.25 Acres Commercial Land

      22.253 acres in Demotte, Indiana, with highway frontage.
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    • $2,074,074
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      Prime De Motte Medical Office Building

      Fully Leased Medical Office, High Cap Rate
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    • $629,000

      Commercial Land in DeMotte, IN

      2.14 acres of commercial land in central DeMotte, Indiana.
      125 S Halleck St, Demotte, IN 46310
      View Details

    Nearby Similar for Sale

    • $2,074,074
      8,920 SF

      Prime De Motte Medical Office Building

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      200 3Rd Ct, De Motte, IN 46310
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    FAQs

    What type of property is this?
    Automotive property - High-Yield Net Lease Investment Opportunity
    Where is this automotive property located?
    The property is located at 400 Halleck St De Motte, IN.
    What is the asking price?
    The asking price for this property is $1,502,823.
    What are key features of this property?
    This property features: 6,831 SF auto parts retail building in De Motte, IN.; Net lease (NN) to Advanced Auto Parts with 5.9 years remaining (expires 10/31/2030).; $1,502,823 asking price ($220/SF); $102,192 NOI; 6.80% cap rate.
    Request Owner's contact information
    400 Halleck St De Motte, IN 46310
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    De Motte, IN 46310
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    400 Halleck St De Motte, IN 46310
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