Cap Rate: 6.75%
Net Operating Income: $209,656.13
Square Footage: 2,877
This is an absolute net leased C-Store offering in Harlan, IN. This Marathon Petroleum branded station has a new 20 year absolute NNN lease and calls for 1.75% annual increases in rent. The lease is corporately guaranteed by a leading 462-unit operator.
Harlan is an unincorporated census-designated place (CDP) in Springfield Township, Allen County, in the U.S. state of Indiana. As of the 2010 census, Harlan had a population of 1,634.
Harlan is located on State Road 37, approximately 15 miles (24 km) northeast of Fort Wayne and 7 miles (11 km) west of the Ohio state line.