Property Type: Retail
Address: 3023 2nd Street
Terre Haute, IN 47802
|CAP Rate: 6.23%|
Square Feet: 5,136
Tenancy Type: National
The Cooper Commercial Investment Group is pleased to announce the purchase/sale of the Bob Evans located in Terre Haute, Indiana. The Absolute NNN lease with corporately backed guarantee has just under 19 years of term remaining with annual rental increases.
Dan Cooper, President and Broker of the Cooper Commercial Investment Group in Cleveland, Ohio, had the privilege to represent the 1031 buyer, a private investor out of the Midwest who Dan Cooper helped to place funds into a diverse portfolio of replacement assets. The seller was a private investment group out of New York. The asset was purchased for $2.65 million, representing a 6.23% CAP Rate.
The Cooper Commercial Investment Group looks forward to working with parties interested in selling or looking to acquire other similar commercial assets and encourages you to contact them for a no obligation, evaluation of your commercial property. Visit online at www.CooperGrp.com for the most up-to-date listings and information, stay connected, “Like” them on Facebook and follow on Twitter @TheCooperGrp.