1807 N Wayne St Angola, IN 46703

This exceptional investment opportunity presents a 30,000-square-foot, single-tenant storefront in Angola, Indiana, occupied by Tractor Supply Co. since 2000. The property, built in 1989 and boasting a Class B rating, features a recently extended lease with five years remaining plus a five-year option. The current net lease is a triple-net (NN) structure, with the landlord responsible only for roof and structure maintenance. Significant recent improvements include a new rubber membrane roof (2020) under warranty and a new parking lot (2020) representing an investment exceeding $150,000. The asking price is $1,675,000, translating to $55.83 per square foot, a price point below replacement cost. A rent increase is scheduled for June 2025. The property sits on a 3.48-acre lot in a prime retail location on a main corridor, benefiting from strong traffic counts and an average household income within 10 miles of $71,912. The current net operating income (NOI) is $100,000, yielding a 6.00% cap rate, projected to increase to 6.27% in 2025. This is a strong, seasoned investment with a creditworthy tenant and a compelling return on investment. The property's address is 1807 N Wayne St, Angola, IN 46703.