225 Industrial Dr Franklin, IN 46131

This exceptional 23,000-square-foot industrial flex space, located at 225 Industrial Dr, Franklin, IN 46131, presents a compelling investment opportunity. The property, built in 1965 and extensively renovated in 2022, sits on a 1.54-acre lot and boasts six dock-high doors. Currently operating at 100% occupancy under a single-tenant, triple-net (NNN) lease, this asset offers a strong 7.41% capitalization rate. The asking price is $1,278,644, translating to $55.60 per square foot. The current rent is significantly below market average, presenting potential for future rental income growth. The tenant, a regional headquarters for MER, recently invested over $100,000 in building improvements, demonstrating a long-term commitment. The property enjoys a convenient location, approximately five miles from I-65, benefiting from the significant development and population growth within Johnson County, Indiana. This is a rare opportunity to acquire a well-maintained, high-performing industrial property in a thriving market. The property features one building.