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Lebanon Shopping Center – Former Big Lots
Partially Occupied Shopping Center Sale

RealINSIGHT Marketplace and Mission Capital Advisors are pleased to offer the opportunity to acquire the fee-simple interest in a 41.95% occupied retail property located in Lebanon, Boone County, IN (the “Property”).  The single-story, freestanding retail building with a two-tenant design contains 50,055 net rentable square feet and was constructed in 1979 on a 6.00-acre site. The Property is located in Lebanon’s primary retail corridor approximately 20 miles from the Indianapolis CBD.

INVESTMENT HIGHLIGHTS

Long Term Tenancy – The 21,000 SF suite has been leased to Tractor Supply Company since February 1st, 2006 pursuant to a 15-year lease with two extension options for five years each. The 29,055 SF suite is vacant and was formerly occupied by Big Lots.


Strong Location and Demand Drivers – The Property is located in the premier retail corridor of Lebanon which includes a Walmart Supercenter, Kroger Supermarket, Aldi Supermarket and a number of other restaurants, shopping centers and retail chains. The Property has excellent access and visibility, with a reported vehicle per day (VPD) count of 17,000.
 

Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.

Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.

You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.

Lebanon Shopping Center - Former Big Lots

2423-2425 North Lebanon Street, Lebanon, IN 46052

Sold Subject To

Asset Snapshot

  • Asset Type
  • Real Estate
  • Land Area
  • 6.00 Acres
  • Year Built
  • 1979
  • Year Renovated
  • 2006
  • Number of Floors
  • 1
  • Number of Buildings
  • 1
  • Parking Count
  • 173
  • Occupancy
  • 41.95%
  • Occupancy as of
  • Jul 01, 2019
  • Retail Type
  • Neighborhood Center
  • Anchor
  • No
  • Property Size
  • 50,055 Sq Ft
  • Platform Fee

    Platform fee for this transaction is 5.00% or a minimum of $25,000.

  • Cooperating Broker Fee Available!

    Cooperating brokers may be eligible for a 0.50% co-op fee if their client is the winning bidder. If you are a broker, click here to login and identify your client.

  • Auctioneer

    1. Dennis Jackson

      c/o Fisher Auction Company Inc.

      License: AU01014422