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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

200 Ford Rd Zionsville, IN 46077

14,550 SF 1.32 ac lot Built 2012
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Retail properties & Spaces
Year built 2012
Total area 14,550 SF
Lot 1.32 ac (57,499 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Walgreens Photo (Bike/Boat/Book/etc) Store
  • Walgreens Pharmacy Pharmacy
  • Walgreens Cosmetic Store
  • FedEx OnSite Postal Service Courier Service
  • Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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