New Retail Property with
17313 Spring Mill Rd, Westfield, IN
New retail property with a 15-year lease and annual increases.
Type:RETAIL
Property size:
11,275 SFLot size:
1.24 AcresPrice / SF:
$563/SF- Added:
- Jul 23, 2025
- Days on Market:
- 299
- Last Refresh:
- Apr 5 at 9:37 pm
Property Features for 17313 Spring Mill Rd
General Information
- Standard status
- Active
- Size
- 11,275 SF
- Lot size
- 1.24 Acres
- Property subtype
- RETAIL
Listing agent John Andreini License #02095008 (415) 274-2715
Listing office CP Partners (415) 274-2715
Listing date Jul 23, 2025
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of CP Partners
HighLights
- Lease guaranteed by ultra‑high net worth founder (nine‑figure net worth).
- Brand‑new 15‑year lease with 2% annual rental increases.
- Adjacent to a top 2% nationally ranked Meijer location based on annual visits.
- Brand‑new building (delivered in 2023) with a 15‑year roof warranty.
- Three, 5‑year options to extend the lease at increased rents.
- Located in an affluent area with $159K average household incomes and 105K residents within a 5‑mile radius.
Overview
This retail property features a brand-new 15-year lease with 2% annual rental increases and three, 5-year options to extend the lease at increased rents. The lease is guaranteed by the tenant's founder. The building was newly delivered in 2023 and includes a new roof with a 15-year warranty. The property is located adjacent to a heavily trafficked Meijer location, ranked in the top 2% of grocery stores nationwide based on annual visits. It is also situated just 2 miles from Grand Park, a 400-acre sports campus with 31 multi-purpose fields and 26 baseball/softball diamonds that attracts 2.5 million visitors annually. The surrounding area has affluent demographics, with average household incomes of $159,000 and a population of 105,000 within a 5-mile radius.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Guidepost Montessori at Spring ...
High School
Location Insight
- Map
- Local Demand
- City
- Westfield
- County
- Hamilton
- State
- Indiana
- Longitude
- -86.1626
- Latitude
- 40.0412
Nearby Similar for Sale
FAQs
What type of property is this?
Storefront property - New retail property with a 15-year lease and annual increases.
Where is this storefront property located?
The property is located at 17313 Spring Mill Rd Westfield, IN.
What is the asking price?
The asking price for this property is $6,357,000.
What are key features of this property?
This property features: Lease guaranteed by ultra‑high net worth founder (nine‑figure net worth).; Brand‑new 15‑year lease with 2% annual rental increases.; Adjacent to a top 2% nationally ranked Meijer location based on annual visits.
