Multi-Tenant Walmart Outparcel
317 Hauenstein Road, Huntington, Indiana 46750, USA Map
100% Occupied Multi-Tenant Center in Busy Midwest Retail Corridor with Upside in Leases & Development of Pad
Listing Price $1,100,000
| Status | Closed |
| Lease Type | N/A |
| GLA (Sq. Ft.) | 13,800 |
| NOI | $83,728 |
| Increases | Vary |
| Options | Vary |
| State (BOR) | Indiana |
| Broker of Record | Josh Caruana |
| License # (BOR) | RB14034355 |
| Close Date | Apr 30, 2021 |
Investment Highlights
- Subject Property Features 13,800-Square-Feet of Gross Leasable Area on a 1.31-Acre Lot with a Prime QSR Development Outlot of 0.52 Acres | Includes Highly Visible Pylon Sign Along SR-24
- Unique Mix of Entirely Service-Based E-Commerce Resistant Tenants | Upside in Converting Gross Leases to NNN | Pro Resources Recently Extended the Lease
- Subject is Conveniently Located off US-24 (Daily Traffic Counts of 19,000 Vehicles Per Day) and North Jefferson Street (12,785 VPD) Source: CoStar, 2020
- Prime Retail Location is an Outparcel to a Walmart Supercenter Adjacent to Other Nearby National Retailers Such as AutoZone, Kroger, McDonald’s, Aldi, Big Lots, Dollar General, KFC and More
- Subject is Located Approximately 25 Miles South of Fort Wayne, 40 Miles East of the Ohio State Line, 100 Miles North of Indianapolis, and 155 Miles Southeast of Chicago, Illinois
- Growing Population Area with Approximately 23,00 People Living in 8,800 Households with an Average Household Income of $65,100 within a Five-Mile Radius of the Subject, as of 2020 Estimates
- Subject Located within Minutes From the Huntington University Campus, a 170-Acre Property With Over 1,100 Graduate and Undergraduate Students
- Positioned Directly Across from Huntington Public High School, with 1,600 Students | Subject is Less Than Five Miles from Nine Public Schools with a Combined Student Enrollment of Over 4,000
- The General Motors Assembly Plant is Located 14 Miles East of the Subject, Occupying 4.6 Million Square-Feet on 716 Acres and Employing Over 4,400
- Located Two Miles Away from the Parkview Huntington Hospital, a 34,000 Square-Foot Facility With 36 Beds, Two Surgical Suites and 24-Hour Emergency Care
- Subject is Located 32 Minutes from the Fort Wayne International Airport, Which Welcomed Over 790 Million Travelers in 2019
- Nearby Industrial Facilities Include Four Oil and Gas Companies Processing and Logistics Centers From Sunoco, Citgo, Gladieux Energy and Marathon
Investment Overview
Marcus & Millichap, on behalf of Ownership as its exclusive advisor, is pleased to offer for sale the 100% interest in Walmart Supercenter Outparcel at 317 Hauenstein Road, Huntington, IN a prime located retail strip center (the “Property”). Built in 2005, 100% leased by Anytime Fitness, Wings Etc, Pro Staffing Resources, and a Nail Salon, the Property comprises a +/-13,880 square foot building on +/- 1.31-acres, including a +/- 0.52-acre development lot, strategically positioned to be easy to access and view for 19,000 vehicles per day along State Route 24, surrounded by retail, and other commercial development. The Property benefits from it’s highly visible location as an outparcel to recently developed Walmart Supercenter. The area is well populated with over 23,000 people in 5 miles, about 33,000 people in 10 miles and over 60,000 in 15 miles, located within 23 miles of Fort Wayne International Airport, 25 miles from Fort Wayne, IN, only 40 miles from the Ohio State Line, 100 miles from Indianapolis, and 155 miles from Chicago, IL. Within 15 miles there are over 22,700 households with an average household income over $85,400.
