200 Ford Rd Zionsville, IN 46077
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.
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Walgreens Photo (Bike/Boat/Book/etc) Store
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Walgreens Pharmacy Pharmacy
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Walgreens Cosmetic Store
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FedEx OnSite Postal Service Courier Service
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Western Union Bank Credit Union
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.