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Frito-Lay Distribution Factory 6541 IN-42

15,780 SF Industrial Building Terre Haute, IN 47803 $2,292,049 CAD ($145 CAD/SF) 6.75% Cap Rate

Industrial Properties Indiana Terre Haute 6541 IN-42, Terre Haute, IN 47803

Investment Highlights

  • Single-Tenant Frito-Lays Distribution Warehouse: Tenant recently extended their lease for 10 years in 2023
  • Below Market Replaceable Rent: Annual rent of $7.07 per sq ft is below market providing future upside to increase or replace rent at a higher rate
  • Terre Haute is the County Seat of Vigo County and One of the Largest Cities in the Wabash Valley MSA with a Population in Excess of 60,000 People
  • Large 2.5+ Acre Parcel: The oversized parcel sits adjacent to an additional 3.15-acre parcel that is not included in sale but available for sale
  • Strategic Last Mile Location: Located adjacent to the Terre Haute Airport & serves the entire Terre Haute & Wabash Valley MSA (roughly 200,000 ppl)
  • Located roughly 70 miles west of Downtown Indianapolis, IN, the capitol, and largest city in Indiana

Executive Summary

New 10-Year Lease Extension | Investment-Grade Parent Company (S&P: A+) | Strategic Distribution Location

Property Facts

Price $2,292,049 CAD Lot Size 2.56 AC
Price Per SF $145 CAD Rentable Building Area 15,780 SF
Sale Type Investment No. Stories 1
Cap Rate 6.75% Year Built 2001
Property Type Industrial Tenancy Single
Property Subtype Distribution Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Price $2,292,049 CAD
Price Per SF $145 CAD
Sale Type Investment
Cap Rate 6.75%
Property Type Industrial
Property Subtype Distribution
Lot Size 2.56 AC
Rentable Building Area 15,780 SF
No. Stories 1
Year Built 2001
Tenancy Single
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Links

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6541 IN-42, Terre Haute, IN - aerial map view - Image1
6541 IN-42, Terre Haute, IN - aerial map view - Image2

PROPERTY TAXES

Parcel Number 84-07-29-200-015.000-009 Improvements Assessment $298,354 CAD
Land Assessment $33,853 CAD Total Assessment $332,207 CAD

PROPERTY TAXES

Parcel Number
84-07-29-200-015.000-009
Land Assessment
$33,853 CAD
Improvements Assessment
$298,354 CAD
Total Assessment
$332,207 CAD
(844) 585-7678

Contact

  • Listing ID: 32391914

  • Date on Market: 2024-07-09

  • Last Updated:

  • Address: 6541 IN-42, Terre Haute, IN 47803

The Industrial Property at 6541 IN-42, Terre Haute, IN 47803 is currently available for sale. Contact Hanley Investment Group for more information.

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6541 IN-42, Terre Haute, IN for sale Primary Photo- Image 1 of 5
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6541 IN-42, Terre Haute, IN for sale Site Plan- Image 2 of 5
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6541 IN-42, Terre Haute, IN for sale Aerial- Image 3 of 5
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Frito-Lay Distribution Factory | 6541 IN-42
(844) 585-7678 x

Frito-Lay Distribution Factory | 6541 IN-42

Dylan Mallory

(844) 585-7678

(844) 585-7678

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