3990 State Road 38 E, Lafayette, IN 47905

Indiana > Lafayette

3990 State Road 38 E, Lafayette, IN 47905

3990 State Road 38 E, Lafayette, IN 47905

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For Sale

Retail

For Sale

This property is available for sale

24,800

SF

$3,299,000

Sale Price

Year Built
1985 (Renovated 2007)

Overview
This incredible investment opportunity comes to the market at an 8.5% CAP rate. This building is 100% leased with tenants such as Subway, Edward Jones, Underwood Agency, and more. This outstanding asset features a brick exterior and rubber roof that was placed in 2018 with a transferable warranty. This property requires very limited ownership expenses, as maintenance costs are included in tenant CAM reimbursements. Property is located on State Road 38 on the far eastern edge of Lafayette, IN. Interstate 65 is 2 miles east, Subaru automotive plant is 1.5 miles east, and there are a variety of business entities just west of this property.

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For Lease

Retail

Retail Space

Available now!

1,260

Square feet

Time on Market
about 3 years
Space ID
2056237

Presented By

Coldwell Banker Commercial Shook
Brad Neihouser

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Property Details

This incredible investment opportunity comes to the market at an 8.5% CAP rate. This building is 100% leased with tenants such as Subway, Edward Jones, Underwood Agency, and more. This outstanding asset features a brick exterior and rubber roof that was placed in 2018 with a transferable warranty. This property requires very limited ownership expenses, as maintenance costs are included in tenant CAM reimbursements. Property is located on State Road 38 on the far eastern edge of Lafayette, IN. Interstate 65 is 2 miles east, Subaru automotive plant is 1.5 miles east, and there are a variety of business entities just west of this property.