3900 Lexington Rd Logansport, IN 46947

This exceptional 18,600 square foot retail property in Logansport, Indiana, presents a compelling value-add opportunity. Located at 3900 Lexington Rd, this single-story, 2011-built center boasts a strong tenant mix including Buffalo Wild Wings, Great Clips, and Maurices, among others. Currently 80% occupied with five tenants, the property offers approximately 3,700 square feet of readily leasable space, promising immediate upside potential. The property features a 7.35% cap rate and a net operating income (NOI) of $183,229. With a remaining lease term of 3.3 years on existing leases, this investment benefits from a high historical occupancy rate, with four of the five current tenants operating since 2011. The 3.19-acre lot offers potential for out-lot development, further enhancing value and traffic. The property enjoys a prime location, shadow-anchored by a Walmart Supercenter and a large shopping center featuring big-box retailers like The Home Depot and Planet Fitness. Strong demographics, with an average household income exceeding $75,100 within a 5-mile radius, support continued success. All tenants are under landlord-favorable net leases with additional option periods. This is a rare opportunity to acquire a well-positioned retail center with significant upside potential in a thriving market.