About This Restaurant
Investment Highlights
100% Occupied, 15,188 Square Foot, Riverview Health Anchored Center in a Highly Affluent Indianapolis Suburb 100% Internet-Resistant Tenancy; Medical and Food Service | Favorable Long-Term Leases: 78% of leased space has term through 2031 Great Access & Connectivity: Easy access to US-31 (Meridian St) & US-32 (Main St) allowing families in neighboring communities to utilize subject prop Brand new 10-year lease with Riverview Health signed in 2024 Dense, Affluent Demos: Westfield is one of the top 5 wealthiest communities in Indiana | 123,908 ppl w AHHI in excess of $158K w/in 5-mile radius Indianapolis MSA: Over 2 million people within the MSA | 50% of the U.S. population is within a 1-day drive | Headquarters to 4 Fortune 500 companies
Executive Summary
Riverview Health Anchored | $158,000+ AHHI | Long-Term Net Leases
Property Details
- Sale Type Investment
- Property Type Retail
- Property Subtype Freestanding Freestanding General Retail Fast Food Office Medical Freestanding
- Building Size 15,188
- Building Class C
- Year Built 2001
- Price 6,145,000
- Price Per SF 405
- Cap Rate 7.35
- NOI 451,713
- Percent Leased 100
- Tenancy Multiple
- Building Height 1 Story
- Building FAR 0.27
- Land Acres 1.30 AC
Amenities
- Signage
Nearby Amenities & Transportation
| Retail | Anytime Fitness | ||
| Retail | PNC Bank | ||
| Retail | First Merchants Bank | ||
| Retail | Centier Bank | ||
| Retail | Planet Fitness | ||
| Retail | BMO | ||
| Retail | Huntington National Bank | ||
| Retail | Chase | ||
| Retail | Fifth Third Bank | ||
| Retail | Kroger |
Property Taxes
| Parcel Number | 29-10-06-000-005.002-015 | Improvements Assessment | $357,000 |
| Land Assessment | $1,340,800 | Total Assessment | $1,697,800 |
| Date Created: | 2024-07-16 04:13:40 | Last Updated: | 2024-07-16 04:13:40 |
| Address: | 703-717 E Main St , Westfield, Indiana, 46074 | ||