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Best Friends Pet Care 8224 N Bash St 15,034 SF Retail Building Indianapolis, IN 46250 $2,650,571 ($176.31/SF) 8.50% Cap Rate



INVESTMENT HIGHLIGHTS
- Long Term Lease
- Corporate Lease
- Strategic Location
- Substantial Rent Increases
- Zero Landlord Responsibilities
- Recession & E-Commerce Resistant Tenant
EXECUTIVE SUMMARY
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the fee simple interest in a Best Friends Pet Care located at 8224 Bash Street in Indianapolis, Indiana (the “Property”). The build-to-suit Property was constructed in 2000, and Best Friends Pet Care has 9+ years remaining on their Absolute NNN lease with two (2), 5-year renewal options. The lease features attractive 1.5% annual rent increases throughout the primary lease term and renewal options. The Property is exceptionally well located along Bash Street and is adjacent to E 82nd Street, the area’s primary commercial and commuter corridor. The well-maintained Property is positioned in the heart of a commercial district surrounded by national and local retailers and restaurants, and office and manufacturing facilities that drive traffic to the area. The Property is also close to densely populated residential neighborhoods, large apartment communities, and area schools that provide a built-in and captive customer base. The Property is seconds from Castleton Square, a large, enclosed shopping mall, and Community Hospital North, and is convenient to area highways. Best Friends Pet Care is on the northeast side of the city approximately 12.5-miles from Downtown Indianapolis.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
15,034 SF
Building Class
C
Year Built
2000
Price
$2,650,571
Price Per SF
$176.31
Cap Rate
8.50%
NOI
$225,298
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
1.32 AC
Zoning
ZO01
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Best Friends Pet Care
- -
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Best Friends Pet Care | - | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 49-02-23-102-006.000-400 | Improvements Assessment | $712,600 |
| Land Assessment | $374,300 | Total Assessment | $1,086,900 |
PROPERTY TAXES
Parcel Number
49-02-23-102-006.000-400
Land Assessment
$374,300
Improvements Assessment
$712,600
Total Assessment
$1,086,900
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