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20133160
20133161

200 S Frd Rd, Zionsville, IN 46077

BF
IN RB14018427
Cushman & Wakefield - Indianapolis, Indiana
DM
IL 475.122515
Cushman & Wakefield - Chicago, Illinois
Listed by Cushman & Wakefield - Indianapolis, Indiana, Cushman & Wakefield - Chicago, Illinois
$6,385,000
622 days on market
Updated 49 days ago

Single Tenant Absolute Net Lease Walgreens | Zionsville, IN

Details
APN 06-04-03-000-02.003-006
Property Type Retail
Sub Type Convenience Store, Pharmacy/Drug (+1)
Square Footage 14,550
Units 1
Cap Rate 6.5%
NOI $415,191
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens
Lease Type Absolute NNN
Lease Term 25
Lease Expiration 10/31/2037
Remaining Term 11.4
Class C
Year Built 2012
Buildings 1
Stories 1
Acreage 1.320
Zoning R-MF-2
Parking Spaces 54 spaces
Parking Per SqFt 3.71
Investment Type Net Lease
Lease Commencement 10/22/2012
Occupancy Date 10/22/2012

Retail | 6.50% CAP | 14,550 SF

Marketing description

Cushman & Wakefield is pleased to exclusively offer the 100% fee-simple interest in the Zionsville Indiana Walgreens (the “Property”).

The Property contains a 14,550 square foot building on 1.32 acres. The Property has 2 curb cuts: 1 on S. Ford Road and 1 on Oak Street. The Property is a little west of downtown Zionsville, voted as the 3rd best places to live in Indiana. Neighboring tenants include Kroger, Planet Fitness, Ace Hardware and others.

Zionsville is known locally, regionally and nationally as placing education as a top priority and has won multiple awards in national publications for its top-notch schools.

Investment highlights

  • Centrally located on Zionsville’s main retail corridor

  • Low risk cash flow investment with internet-resistant tenant

  • Attractive construction and street-level appearance

  • Absolute NNN lease with no landlord obligations

  • Priced with current interest rates factored in and at a significant discount to replacement cost

  • Affluent trade area

Listing Contacts

BF
IN RB14018427
Cushman & Wakefield - Indianapolis, Indiana
DM
IL 475.122515
Cushman & Wakefield - Chicago, Illinois
Listed by Cushman & Wakefield - Indianapolis, Indiana, Cushman & Wakefield - Chicago, Illinois

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$415,191.00
$34,599.25/mo

Valuation Metrics

0
DSCR
6.5%
Cap Rate
6.5%
ROI

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Additional Information

Name
Bill French
License
RB14018427
Brokerage
Cushman & Wakefield
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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