11591 Olio RdFishers, IN 46037

For Sale
$4,140,000

High-Yield Retail Investment, 15,130 SF

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional investment opportunity presents a 15,130-square-foot CVS Pharmacy located at 11591 Olio Rd, Fishers, IN 46037, in Hamilton County. Built in 2009, this single-tenant, single-story building boasts a 100% occupancy rate with a strong, absolute NNN lease structure. The property features a drive-thru lane, Minute Clinic, and HealthHub, enhancing its appeal and profitability. With over six years remaining on the original lease term and a rent decrease in the option period virtually guaranteeing renewal, this investment offers exceptional stability. The property benefits from a hard corner location in an affluent area adjacent to Geist Reservoir, boasting high-income demographics with an average household income of $246,922. The location enjoys high traffic counts exceeding 25,000 vehicles per day, and serves a population of over 126,000 within a 5-mile radius. The asking price is $4,140,000, representing a compelling $270.41 per square foot and an 8.00% cap rate, with a net operating income (NOI) of $331,211. This is a rare opportunity to acquire a high-performing, stable retail asset in a prime location.

Highlights

  • Single-tenant, net-leased investment property.
  • Absolute NNN lease with over six years remaining.
  • Lease renewal highly probable due to favorable option period rent.
  • Property includes a Minute Clinic, HealthHub, and drive-thru.
  • High-visibility hard corner location.
  • Located in affluent Hamilton County near Geist Reservoir.

Property Details for 11591 Olio Rd

Property type
Other retail properties, Individual retail properties
Square Feet
15,130 SF
Year Built
2009
Buildings
1
Stories
1
Units
1

Location Insight

City
Fishers
County
Hamilton
State
Indiana
Latitude
39.9572053
Longitude
-85.9177212
11591 Olio Rd, Fishers, Indiana

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11591 Olio Rd
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