4925 Scatterfield RdAnderson, IN 46013

For Sale
$765,000

High-Yield Medical Retail Property, 8.25% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional Anderson, Indiana retail property, totaling 3,525 square feet, presents a compelling investment opportunity. Currently 100% occupied by CleanSlate Outpatient Addiction Medicine under a lease extending until November 30, 2028, with a five-year option, this single-story building boasts a strong 8.25% cap rate. Built in 1995 and renovated in 2016, the property sits on a 0.87-acre lot at 4925 S Scatterfield Rd, 46013, enjoying high visibility along a major retail corridor with approximately 25,000 vehicles daily. Its strategic location directly across from a Walmart Supercenter and near numerous other national retailers, including Kohl's, Lowe's, and Hobby Lobby, ensures consistent traffic and strong tenant demand. CleanSlate, a reputable national operator with 74 locations, benefits from a lease with 3% annual rent increases and reimbursement of operating expenses, real estate taxes, and insurance. The property's proximity to Harrah's Hoosier Park Casino Racetrack further enhances its appeal. With a surrounding population of 65,131 within a five-mile radius, this investment offers a secure and profitable return. The asking price is $765,000, translating to $217.02 per square foot.

Highlights

  • 3,525 SF retail building in Anderson, Indiana, 100% occupied by CleanSlate Outpatient Addiction Medicine.
  • CleanSlate's lease extends to November 2028, with a five-year option, and includes 3% annual rent increases and expense reimbursements.
  • High-visibility location on Scatterfield Road, a major retail corridor with approximately 25,000 vehicles daily, directly across from a Walmart Supercenter.
  • Strong tenant: CleanSlate operates 74 locations nationally, with 17 in Indiana; the current tenant has occupied the property since 2016.
  • Excellent surrounding retail amenities including Kohl's, Lowe's, and Hobby Lobby, plus proximity to Harrah's Hoosier Park Casino Racetrack.
  • Strong demographics: 65,131 residents within a five-mile radius.

Property Details for 4925 Scatterfield Rd

Property type
Other retail properties, Medical space
Square Feet
3,525 SF
Year Built/Renovated
1995/2016
Buildings
1
Stories
1
Lot Size (sq. ft)
37,897 SF

Location Insight

City
Anderson
County
Madison
State
Indiana
Latitude
40.064565
Longitude
-85.653463
4925 Scatterfield Rd, Anderson, Indiana

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4925 Scatterfield Rd
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