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Property profile & analytics
FOR LEASE
Outlet malls

2130 E Markland Ave Kokomo, IN 46901

126,051 SF 20.58 ac lot Built 1992
Entity Owned 19-yr Hold Free & Clear
Property ID
US31-2285140
2130 E Markland Ave, Kokomo, IN 46901 For Lease
$10 SF/Yr
2130 E Markland Ave, Kokomo, IN 46901
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Property summary
AI-generated overview

This exceptional 133,384 square foot single-story retail center, located at 2130 E Markland Ave, Kokomo, IN 46901, presents a unique investment opportunity. The property boasts a prime location in Howard County, experiencing daily traffic counts nearing 40,000 vehicles. The center features a newly renovated interior and exterior, ensuring a modern and attractive aesthetic for tenants and customers. Ample parking is available, providing a generous 7 spaces per 1,000 square feet. Currently, there are multiple tenants occupying the space, including a diverse mix of retail, restaurant, and entertainment businesses such as shoe stores, medical offices, and a diner. Three spaces are currently available, ranging from 1,200 to 40,000 square feet, with a minimum divisible space of 2,200 square feet and a maximum contiguous space of 10,200 square feet. The center benefits significantly from its proximity to a Walmart Supercenter, which ranks in the top 3% of all Walmart stores nationwide in terms of sales volume, driving substantial foot traffic to the entire shopping center. Furthermore, the property's location is approximately a quarter-mile from a new championship park, adding to its appeal and potential for increased customer traffic. This is a rare opportunity to acquire a thriving retail center in a high-growth area with strong anchor tenants and exceptional visibility.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1992
Construction TYPE NOT SPECIFIED
Total area 126,051 SF
Lot 20.58 ac (896,465 SF)
APN 34-04-32-377-002.000-002
UPID US31-2285140
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • JOANN Fabric and Crafts (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$9.04M
Blend (final) Blend
$10.18M
Owner & transaction history
Huck Holding Alexander LLC · 19 yrs held
Huck Holding Alexander LLC
since 2007
1 recorded transaction
2007
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $13.8M +26.2%
Auto repair, garage $12.2M +11.6%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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