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    200 Ford Rd Zionsville, IN 46077

    For Sale
    $6,920,000

    High-yield Walgreens investment. Strong tenant, long lease.

    Property size:
    14,550 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents a fee-simple interest in a 14,550-square-foot Walgreens located at 200 S Ford Rd, Zionsville, IN 46077. The property sits on a 1.32-acre lot and boasts 54 parking spaces, ensuring ample customer convenience. Built in 2012, this single-story, Class C retail building benefits from a highly desirable location on Zionsville's main retail corridor, surrounded by strong national and local tenants including Kroger, Planet Fitness, and Ace Hardware. The property features two curb cuts, one on S. Ford Road and one on Oak Street, providing excellent accessibility. The Walgreens lease is an absolute NNN lease with a remaining term of 13 years, extending to October 31, 2037, minimizing landlord responsibilities and offering predictable cash flow. The property's Net Operating Income (NOI) is $415,191, resulting in a 6.00% cap rate. The asking price is $6,920,000. The property is zoned R-MF-2 and is 100% occupied since its opening on October 22, 2012. This investment offers a low-risk, high-yield opportunity in a thriving community known for its excellent schools and affluent demographics. The property's construction and street-level appearance are attractive, further enhancing its investment appeal. The asking price reflects current interest rates and represents a significant discount to replacement cost.

    Property Features for 200 Ford Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    14,550 SF
    Class
    C
    Lot Size
    57,499 SF

    Building Details

    Year Built
    2012
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • Fee‑simple interest in a 14,550‑square‑foot Walgreens on a 1.32‑acre lot with 54 parking spaces.
    • Low‑risk, high‑yield investment with an internet‑resistant tenant (Walgreens).
    • Attractive, single‑story Class C building with excellent curb appeal.
    • Absolute NNN lease with no landlord responsibilities, expiring October 31, 2037.
    • Priced at $6,920,000, reflecting current interest rates and offering a discount to replacement cost.
    • Located in an affluent Zionsville, IN trade area on a main retail corridor near Kroger, Planet Fitness, and Ace Hardware.
    Property Profile Location Intelligence

    Current Use by Public Records

    Walgreens Photo Passport Photo Processor Walgreens Pharmacy Pharmacy Walgreens Cosmetics Store FedEx OnSite Mailing Service Western Union Money Transfer Service

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Zionsville
    County
    Boone
    State
    Indiana
    Longitude
    -86.279472
    Latitude
    39.9494412

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    FAQs

    What type of property is this?
    Individual retail property - High-yield Walgreens investment. Strong tenant, long lease.
    Where is this individual retail property located?
    The property is located at 200 Ford Rd Zionsville, IN.
    What is the asking price?
    The asking price for this property is $6,920,000.
    What are key features of this property?
    This property features: Fee-simple interest in a 14,550-square-foot Walgreens on a 1.32-acre lot with 54 parking spaces.; Low-risk, high-yield investment with an internet-resistant tenant (Walgreens).; Attractive, single-story Class C building with excellent curb appeal.
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    200 Ford Rd Zionsville, IN 46077
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    200 Ford Rd Zionsville, IN 46077
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