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    Industrial Property with NNN Lease
    Updated: Jun 16
    Industrial Property with NNN Lease

    240 South Meridian Road, Mitchell, IN 47446

    Contact for pricing
    78,361 sqft 7.53 AC lot
    Freestanding industrial facility built in 1980 on an estimated 7.53‑acre parcel
    Approximately 78,000 rentable SF of building space
    20‑year Triple Net (NNN) lease with commencement upon close of escrow
    Current annual rent is $560,625 with 2.00% scheduled annual increases
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    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Mitchell, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Jiffy Lube NNN Outparcel
    Jiffy Lube NNN Outparcel

    3240 John Williams Blvd, Bedford, IN 47421

    $3,000,000

    Corporate Jiffy Lube lease features 9+ years remaining, multiple 5-year options, and scheduled 10% rent increases.

    View details
    Absolute NNN Retail Property
    Absolute NNN Retail Property

    3700 3rd, Bloomington, IN 47404

    Contact for pricing
    3,186 sqft

    Absolute NNN retail investment with 1.50% annual rental increases and proven operating history.

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    Triple-Net Medical Office Building
    Triple-Net Medical Office Building

    123 S Franklin Road, Bloomington, IN 47404

    $2,900,000
    1.02 AC lot

    Triple-net medical office building with central air and asphalt roof, currently leased by MedExpress.

    View details
    Single-Tenant Net Leased Dollar General
    Single-Tenant Net Leased Dollar General

    5655 US Hwy 50 E, Bedford, IN 47421

    Contact for pricing
    9,026 sqft

    Single-tenant Dollar General net lease with over 10 years remaining and five-year renewal options featuring 10% escalations.

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    Mitchell, IN Nnn Properties Market Trends and Statistics

    Explore 1 nnn properties for sale in Mitchell, IN on our real estate platform. These investment opportunities span a total of 78,361 square feet of properties for sale.

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    Demographics Overview

    Population 9,259
    Population Growth (5Y) -12.4%
    Median Household Income $53,182
    College Educated 28.0%

    Taxes & Financing

    Tax Rate (average for all types) 1.75%
    Property Tax per SF $41.11 per SF
    Tax Rate vs County Average 0.65 pp below county avg
    Average Loan-to-Value 65.0%

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