Emergency Veterinary Care Centers

8501 Indianapolis Boulevard, Highland, IN 46322

$1,480,000

Cap Rate 7.30%

$1,542,857

Cap Rate 7.00%

Updated: 04.17.24 Posted: 09.15.23 Status: Sold

Summary

Price $1,480,000 $1,542,857	Built/Renov 1961/2022	Tenant Emergency Veterinary Care Centers
Cap Rate 7.30% 7.00%	Lease Type NN+	Guarantor Corporate
Size/SF 6,000	Lease Start 12-20-2022	#Units 4
Price/SF $246.67 $257.14	Expiration 12-31-2032	Tenant Type Medical/Health
NOI $108,000	R. Term 7.7	Ownership Fee Simple
Rent/SF $18.00	Increases 2.5%/4/yrs	Pop 5Mi 212,054
Lot/AC 0.69	Options 3/5yrs/2.5%	AHHI 5Mi $84,100

Randy Blankstein

The Boulder Group (HQ)

Contact

Lease Highlights

New roof and HVAC units
Recently repaved parking lot and complete interior gut/renovation
Tenant has 9 years remaining on their current lease with 3 (5-year) options to extend
Lease features 2.5% annual rent increases starting in 2026
Favorable NN+ lease with landlord responsible for administering CAM
Corporate guaranteed lease

Location Description

This newly renovated 6,000 square-foot Emergency Veterinary Care Center benefits from its position along Indianapolis Boulevard which experiences over 35,000 vehicles per day. Continual traffic flows through the corridor due to the proximity to Interstate 80, which sees more than 172,500 vehicles daily. Furthermore, there are several nationally recognized retailers in the area including...

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Key Features

Recent renovation
New roof
Near major nationals
Freeway close
Dense 200M+ pop 5 mi
Top 100 MSA
Affluent suburb location
Favorable NN+ lease
Annual rent increases
Corporate Guarantee

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Links

Emergency Veterinary Care Centers Wikipedia Highland, Indiana Zip Code 46322 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: EVCC
Guarantor:Corporate
Company:EVCC
# Units:4
Stock:Private

About Tenant

Emergency Veterinary Care Centers (EVCC), formerly North Central Veterinary Emergency Center provides accessible emergency veterinary care in Northwest Indiana. Their centers offer urgent and...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	9,058	93,614	208,888
2023 Total Population :	9,269	95,827	212,054
2023 Employed Civilian Pop :	4,984	48,270	100,984
2023 Total Businesses :	517	3,418	6,817
2023 Average Household Income :	$ 98,725	$ 92,569	$ 84,100
2023 Total Consumer Spending :	$ 327 M	$ 3123 M	$ 6175 M
2023 Median Age :	43	41	40
2023 Total Households :	3,851	38,910	84,534
2023 Pop Age 25+: Bachelor's Degree :	1,323	13,504	24,926
2023 Average Home Value :	$ 240,967	$ 233,784	$ 218,515

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Ridge Road	Hwy Ave	2021	18,120	0.24 mi
Ridge Road	Osborn St	2018	16,778	0.26 mi
Indianapolis Boulevard	Bordeau Walk	2021	33,731	0.27 mi
Sycamore Avenue	Grand Blvd	2018	4,025	0.28 mi
Ridge Rd	Prairie Ave	2009	21,606	0.29 mi
Wicker Park Drive	Robertson Pl	2018	4,025	0.36 mi
Grand Boulevard	Gordon Dr	2018	4,025	0.37 mi
Kennedy Ave	Franklin St	2009	22,499	0.43 mi
Indianapolis Boulevard	81st St	2018	35,018	0.47 mi
Prairie Avenue	Southmoor Ave	2018	2,875	0.47 mi

Listing Broker

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