I Heritage Square | 7603-7605 Highway 311
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I Heritage Square 7603-7605 Highway 311
54,913 SF 100% Leased Retail Building Sellersburg, IN 47172 $11,463,025 CAD ($209 CAD/SF) 7.50% Cap Rate
Investment Highlights
- Top-performing Jay C Foods Anchored | Recent Renewal | 100% Occupied | Strong E-Commerce Tenant Line-up
- Strong Demographics In 5-Mile Trade Area | Affluent Six-figure AHHI
- Excellent Location | Quick Access to Interstate-65 (87,400 VPD)
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
54,913 SF
Building Class
C
Year Built/Renovated
1987/2020
Price
$11,463,025 CAD
Price Per SF
$209 CAD
Cap Rate
7.50%
NOI
$859,766 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.15
Lot Size
8.68 AC
Zoning
TC - Town Center
Parking
226 Spaces (4.12 Spaces per 1,000 SF Leased)
Frontage
800 ft on In-60 Hwy
Amenities
- Pylon Sign
Nearby Major Retailers
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | $5,933,847 CAD | |
Land Assessment | $709,562 CAD | Total Assessment | $6,643,409 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$709,562 CAD
Improvements Assessment
$5,933,847 CAD
Total Assessment
$6,643,409 CAD
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I Heritage Square | 7603-7605 Highway 311
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