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28963911
28963912

7720 Michigan Rd, Indianapolis, IN 46268

AA
FL #BK3369953, GA GA 311619 (+2)
Sands Investment Group
BT
PA PA RS334341
Sands Investment Group
Listed by Sands Investment Group
$1,350,000
174 days on market
Updated 47 days ago

Michigan Road Animal Hospital (NVA) - Indianapolis, IN

Details
Property Type Office
Sub Type Medical Office
Square Footage 5,600
Cap Rate 10.38%
NOI $140,126
Occupancy 100%
Tenancy Single
Brand/Tenant Michigan Road Animal Hospital
Lease Type NN
Lease Term 12
Lease Expiration 12/31/2026
Remaining Term 0.6
Rent Bumps Yes
Lease Options 1 x 5 Year Options
Price per SqFt $241
Year Built 1958
Year Renovated 1970
Acreage 1.190
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 01/01/2015

Vet Clinic - Long Operating History | NVA Tenant | CPI Increases | Prime Indianapolis Location

Marketing description

Sands Investment Group is pleased to exclusively offer for sale the 5,600 SF Michigan Road Animal Hospital located at 7720 Michigan Rd in Indianapolis, IN. The current lease includes annual CPI increases, providing a strong hedge against inflation, and the property’s zoning allows for a wide range of commercial uses. Together, these features create a highly attractive and flexible investment opportunity.

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Investment highlights

  • The property sits on the very well-trafficked Michigan Rd, which sees over 33,632 VPD.

  • The current lease features annual CPI increases, a great hedge against inflation.

  • The property has a general commercial zoning designation, supporting a range of commercial and light industrial uses.

  • Demographics in the immediate area are strong, with a household income average of over $100,000 in a 5-mile radius.

  • The property has a very long, illustrious history operating as a veterinary clinic and is currently operated by NVA, one of the strongest operators in the veterinary space with over 1,400 locations. Their lease ends in December 2026.

Listing Contacts

AA
FL #BK3369953, GA GA 311619 (+2)
Sands Investment Group
BT
PA PA RS334341
Sands Investment Group
Listed by Sands Investment Group

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$140,126.00
$11,677.17/mo

Valuation Metrics

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DSCR
10.38%
Cap Rate
10.38%
ROI

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Additional Information

Name
Andrew Ackerman
License
IN #RB20001918
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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