Sherwin-Williams 80 E Garner Rd
4,000 SF Retail Building Brownsburg, IN 46112 $2,059,000 ($515/SF) 6.03% Cap Rate
INVESTMENT HIGHLIGHTS
- Seven years remaining with occupancy history since 2007
- Tenant reimburses CAM, real estate taxes, and insurance
- WaWa currently under construction on adjacent site
- One five-year option to renew with 12% rent increase
- Culvers, Crew Carwash, Starbucks, Panda Express, Goodwill, IU Health Urgent Care, 7 Brew, and Dunkin all nearby
- Avg HH Inc: $147,078 w/in 1 mi, $141,259 w/in 3 mi, $142,158 w/in 5 mi
PROPERTY FACTS Under Contract
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,000 SF
Building Class
B
Year Built
2007
Price
$2,059,000
Price Per SF
$515
Cap Rate
6.03%
NOI
$124,158
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.86 AC
Parking
30 Spaces (7.5 Spaces per 1,000 SF Leased)
Frontage
147’ on Garner Rd
AMENITIES
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 32-02-35-356-001.000-026 | Improvements Assessment | $365,000 |
| Land Assessment | $278,000 | Total Assessment | $643,000 |
