"AAA" Credit, Single-Tenant, Attractive Cash Flow Investment
100% Leased, Single-Tenant AAA Credit - State of Indiana
Marketing description
Introducing an exceptional investment opportunity in Indianapolis, IN for the cash flow investor!
Welcome to Victory Lane Office Building at 4550 Victory Lane, offering a prime location in a private campus setting on the southeast side of Indianapolis. This 100% leased single-tenant office building presents a secure investment occupied by the State of Indiana (“AAA”) which has been in occupancy since 2013. The property features highly attractive cash on cash returns averaging 11.3% over the next 5 years.
Prospective buyers are invited to explore this turnkey investment that promises secure income in a sought-after location next to a large suburban population and immediate interstate access. Recently renovated with a central location and a 100% leased status, the Victory Lane Office Building presents an exceptional opportunity for the cash flow investor looking to expand its portfolio. Contact us today to learn more about this prime commercial property!
Investment highlights
INVESTMENT GRADE CREDIT TENANCY: The property’s lease is backed by the full faith and credit of the State of Indiana, which maintains a “AAA” credit rating from all three rating agencies.
WELL-FUNDED AGENCY WITH CRITICAL MISSION: FSSA is the largest and most important agency serving the Hoosier state and has a 2024-2025 budget of $26B.
STRATEGIC LOCATION: 4550 Victory Lane is well-located at the center of its employee base on the southeast side of Indianapolis, with ample, free parking as well as easy highway access to both I-465 which circles the city and I-65 which runs north and south through the city.
HIGHLY ATTRACTIVE CASH ON CASH: The Tenant is paying for its Leasehold Improvements over the next three years, providing average cash on cash returns of 11.3% over a 5-year hold.
HIGH LIKELIHOOD OF RENEWAL: Due to the length of time the tenant has been in the building (10+ years), significant tenant investment in the building ($742,000), its mission critical services and the recent move of employees to this location, there is a high likelihood of lease renewal in 2029.
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