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Featured Project
Strickland Brothers In Kokomo
Kokomo, Indiana
Property Overview
FULL ADDRESS
1826 E. Wheeler Street, Kokomo, Indiana 46902
SIZE
1,341 Square Feet
PROPERTY TYPE
Retail
DETAILS/DOWNLOADS
SB-OM-Kokomo
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PC
Listing Broker
Contact Gemini CRE
CAP Rate
: 6.00%
NOI
: $120,168
Traffic
: 39,160 VDP (Reed Road)
Parking Spaces
: 12
Guarantee
: Corporate
Lease Summary
:
Tenant
: Strickland's Enterprises, LLC
Rent Commencement
: 1/1/2024 (estimated)
Lease Expiration
: 12/31/2038 (estimated)
Lease Term
: 15 years from RCD
Renewal Options
: Three 5-year renewals
Lease Type
: Absolute NNN
Expenses
: Zero landlord responsibilities
Rent Escalations
: 10% every 5-years
Bonus Depreciation Eligible
: * Consult tax advisor