2600 Duncan Rd Lafayette, IN 47904-1045

Exceptional investment opportunity in Lafayette, Indiana, featuring a 13,798 square foot flex/warehouse property at 2600 Duncan Road. This single-tenant, net-leased asset boasts a strong 6.91% cap rate and a substantial NOI of $68,771. The property, built between 1955 and 1970, sits on a 2.743-acre lot zoned I-3, offering ample space and parking. The building features seven dock-high doors and ceiling heights ranging from 12 to 14 feet, ideal for various industrial uses. Currently 100% occupied by a long-term tenant (Shambaugh & Son Inc. Ed Grace Division), a major US contractor established in 1926, under a lease expiring April 30, 2025, with options for a 2-5 year extension. The tenant is responsible for all taxes, insurance, and repairs, with the landlord responsible for structure and roof maintenance. The asking price is $995,000 ($72.11/sq ft), making this a compelling investment opportunity suitable for a 1031 exchange. The property's prime location on a busy corner near I-65 provides excellent visibility and accessibility. This is a rare chance to acquire a stable, high-performing industrial asset with a proven track record.