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Emergency Veterinary Care Centers
8501 Indianapolis Boulevard, Highland, IN 46322
$1,542,857
Cap Rate 7.00%
Summary
| Price $1,542,857 | Built/Renov 1961/2022 | Tenant Emergency Veterinary Care Centers |
| Cap Rate 7.00% | Lease Type
NN+ | Guarantor Corporate |
| Size/SF
6,000
| Lease Start
12-20-2022
| #Units
4
|
| Price/SF $257.14 | Expiration
12-31-2032
| Tenant Type Medical/Health |
| NOI $108,000 | R. Term 9.0 | 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 |
| | |
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...
...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
...
Maps
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 |
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 |
