200 Ford RdZionsville, IN 46077

For Sale
$6,920,000

High-yield Walgreens investment. Strong tenant, long lease.

Overview

Added:
Dec 11, 2024
Days on market:
90
This exceptional investment opportunity presents a fee-simple interest in a 14,550-square-foot Walgreens located at 200 S Ford Rd, Zionsville, IN 46077. The property sits on a 1.32-acre lot and boasts 54 parking spaces, ensuring ample customer convenience. Built in 2012, this single-story, Class C retail building benefits from a highly desirable location on Zionsville's main retail corridor, surrounded by strong national and local tenants including Kroger, Planet Fitness, and Ace Hardware. The property features two curb cuts, one on S. Ford Road and one on Oak Street, providing excellent accessibility. The Walgreens lease is an absolute NNN lease with a remaining term of 13 years, extending to October 31, 2037, minimizing landlord responsibilities and offering predictable cash flow. The property's Net Operating Income (NOI) is $415,191, resulting in a 6.00% cap rate. The asking price is $6,920,000. The property is zoned R-MF-2 and is 100% occupied since its opening on October 22, 2012. This investment offers a low-risk, high-yield opportunity in a thriving community known for its excellent schools and affluent demographics. The property's construction and street-level appearance are attractive, further enhancing its investment appeal. The asking price reflects current interest rates and represents a significant discount to replacement cost.

Highlights

  • Fee-simple interest in a 14,550-square-foot Walgreens on a 1.32-acre lot with 54 parking spaces.
  • Low-risk, high-yield investment with an internet-resistant tenant (Walgreens).
  • Attractive, single-story Class C building with excellent curb appeal.
  • Absolute NNN lease with no landlord responsibilities, expiring October 31, 2037.
  • Priced at $6,920,000, reflecting current interest rates and offering a discount to replacement cost.
  • Located in an affluent Zionsville, IN trade area on a main retail corridor near Kroger, Planet Fitness, and Ace Hardware.

Property Details for 200 Ford Rd

Property type
Other retail properties, Individual retail properties
Square Feet
14,550 SF
Class
C
Year Built
2012
Buildings
1
Stories
1
Lot Size (sq. ft)
57,499 SF
Units
1

Location Insight

City
Zionsville
County
Boone
State
Indiana
Latitude
39.9494412
Longitude
-86.279472
200 Ford Rd, Zionsville, Indiana

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200 Ford Rd
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