13065 Anderson Rd Granger, IN 46530-9283

This exceptional single-tenant, net-leased industrial property in Granger, Indiana, offers a compelling investment opportunity. The 193,675-square-foot building, situated on 23.66 acres, is fully occupied by Terran Axle under a lease expiring December 31, 2028. The lease commenced October 3, 2024, and features a 3.5% annual rent increase. The property boasts 17 loading docks, 13 dock-high doors, and ceiling heights ranging from 15 to 24 feet. Significant recent improvements totaling approximately $2,600,000 include a new roof (2024), full LED lighting upgrades, loading dock enhancements, parking lot improvements, insulation repairs, and the demolition of outdated interior offices. The property benefits from a prime location one mile north of I-90, ample fenced outdoor storage, a wet sprinkler system, and potential rail access via Grand Truck Western Railroad. The asking price is $8,079,000, representing an 8.75% cap rate and a first-year NOI of $706,914. Built in 1986 and extensively renovated in 2024, this asset presents a strong, stable income stream with significant upside potential. The property's APN is 71-04-13-427-001.000-011. No lease options are available.