Strickland Brothers In Kokomo

Kokomo, Indiana
Property Overview
FULL ADDRESS
1826 E. Wheeler Street, Kokomo, Indiana 46902
SIZE
1,341 Square Feet
PROPERTY TYPE
Retail
DETAILS/DOWNLOADS
 
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Listing Broker
Contact Gemini CRE
  • CAP Rate: 6.00%
  • NOI: $120,168
  • Traffic: 39,160 VDP (Reed Road)
  • Parking Spaces: 12
  • Guarantee: Corporate
  • Lease Summary: 
    • Tenant: Strickland's Enterprises, LLC
    • Rent Commencement: 1/1/2024 (estimated)
    • Lease Expiration: 12/31/2038 (estimated)
    • Lease Term: 15 years from RCD
    • Renewal Options: Three 5-year renewals
    • Lease Type: Absolute NNN
    • Expenses: Zero landlord responsibilities
    • Rent Escalations: 10% every 5-years
    • Bonus Depreciation Eligible: * Consult tax advisor