Current Use by 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
Property Details for 200 Ford Rd
- Year built
- 2012
- Lot size
- 1.32 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Retail space
Description
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Zionsville
- County
- Boone
- State
- Indiana
- Longitude
- -86.2795
- Latitude
- 39.9494
