Retail Business for Sale in New Albany, IN

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: New Albany, IN 47150

Description

Subject is 3,550 Square-Feet of a Newly Constructed Prime 2-Tenant Retail Building | Build-to-Suit for Panera on a .87-Acre Lot with Ample Parking, Pylon Signage, Easy Ingress/Egress, and Strategically Located at a Signalized Intersection. Panera Net Lease with Minimal Landlord Responsibility and Warranties, a 10- Year Base Term, Just Under 8 Years Remaining, and 10% Rental Increases Every 5 Years with 3 x 5-Year Options. Investment Highlights: • Tenant Panera Bread is Owned by JAB Holdings, Who Currently Plans to Take the Company Public Over the Next Year. • Robust Traffic Counts on State Street (30k VPD) and Less than One-Half Mile from US-265 (70k VPD) and One Mile from US64 (61k VPD) (Source: CoStar, 2022). • Well Established State Street Retail Corridor | Nearby National Retailers Include: Target, Kroger, Home Depot, KFC, Arby's, Five Guys, Chick-fil-A, Starbucks, Walgreens, CVS, Fairfield Inn, and Oth • Thriving Community with an Average Household Income of Over $65K within Five Miles of the Subject Asset, as of 2023. • Subject is 6 Miles from Downtown Louisville Kentucky with a Population of 1,365,557.

Market Context

This retail in New Albany, IN is listed for sale. It is offered at an approximate 6.0% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 54 days. Compare it against other retail listings for sale in New Albany, IN — <a href="/search/sale/retail/indiana/new-albany">view the full market</a>.

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