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29578927
29578928

33 Hayes Arboretum Rd, Richmond, IN 47374

BB
IN RB14037939, OH BRK.200900214 (+21)
Bang Realty
DB
MI 6502378067, OH BRKP.2020008390
Encore Real Estate Investment Services
KR
OK 174455
Encore Real Estate Investment Services
HR
MI 6501437404
Encore Real Estate Investment Services
GN
MI 6501466987
Encore Real Estate Investment Services
Listed by Bang Realty, Encore Real Estate Investment Services
$2,471,538
120 days on market
Updated 27 days ago

Goodwill

Details
Property Type Retail
Sub Type Convenience Store, Shopping Center (+1)
Square Footage 12,600
Cap Rate 6.5%
NOI $160,650
Occupancy 100%
Tenancy Single
Brand/Tenant Goodwill
Lease Type NN
Lease Term 12
Lease Expiration 07/01/2031
Remaining Term 5.1
Rent Bumps Yes
Lease Options 2 options: (1) 3 year and (1) 5 year
Price per SqFt $196
Year Built 2019
Buildings 1
Stories 1
Acreage 3.300
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 07/01/2019

Exclusively Listed

Marketing description

Introducing GOODWILL at 33 Hayes Arboretum Road, Richmond, IN 47374! This exceptional property, listed exclusively by Encore Real Estate Investment Services, LLC, offers endless opportunities for your business endeavors.

Boasting a prime location in Richmond, IN, GOODWILL presents a rare chance to invest in a highly sought-after area. With a range of potential uses, from commercial to residential development, this property is a versatile gem waiting to be transformed.

Please note that all information provided is strictly confidential and given for informational purposes only. Interested parties are advised to conduct their own due diligence to verify the property's suitability for their intended use. Don't miss out on the chance to make GOODWILL at 33 Hayes Arboretum Road your next successful venture. Contact us today to discover more about this exclusive opportunity!

Investment highlights

  • 12,600 SF store with current rents at $12.75 PSF Built in 2019

  • Relocation store for Goodwill proves that this will be a long-term play for Goodwill - They have been in this market for more than 30 years

  • Minimal Landlord Responsibilities leaves landlord with a strong passive investment

  • Goodwill of Central Indiana has over $300M in revenue which provides a strong Guarantee

  • Surrounded by Many National Tenants Such as: Burger King, Walmart, Starbucks, Hobby Lobby, Best Buy, Menards, Aldi, KFC and Many More

Listing Contacts

BB
IN RB14037939, OH BRK.200900214 (+21)
Bang Realty
DB
MI 6502378067, OH BRKP.2020008390
Encore Real Estate Investment Services
KR
OK 174455
Encore Real Estate Investment Services
HR
MI 6501437404
Encore Real Estate Investment Services
GN
MI 6501466987
Encore Real Estate Investment Services
Listed by Bang Realty, Encore Real Estate Investment Services

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$160,650.00
$13,387.50/mo

Valuation Metrics

0
DSCR
6.5%
Cap Rate
6.5%
ROI

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Additional Information

Name
Brian Brockman
License
RB14037939
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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