320 Scatterfield Rd Anderson, IN 46012-3601
Property profile & analytics
320 Scatterfield Rd Anderson, IN 46012-3601
- Outlet malls
- 14,406 SF
- 1.44 lot acres
Property ID
US31-0617838
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Walgreens / Pharmacy
- Labcorp at Walgreens / Paternity Testing Service / Medical Laboratory
- Walgreens Photo / (Bike/Boat/Book/etc) Store
- Matthew R. Buckley, PharmD / Pharmacy
- FedEx OnSite / Postal Service / Courier Service
Property Details for 320 Scatterfield Rd
- Year built
- 2003
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 1.44 lot acres
- Property size
- 14,406 SF
- Property type
- Outlet malls
- Property subtype
- Shopping centers
- APN
- 48-12-08-302-150.000-003
- APU
- 481208302150000003
Description
This exceptional investment opportunity presents a 14,418-square-foot Walgreens located at 320 S Scatterfield Rd, Anderson, IN 46012. The property, built in 2004 and situated on 1.38 acres, boasts a prominent location on a high-traffic corridor (24,886 VPD) with excellent visibility. The single-tenant building is leased to Walgreens under an absolute NNN lease with a corporate guarantee, offering minimal landlord responsibilities. The lease, commencing August 1, 2004, has a remaining term of 4.7 years with ten 5-year options. The property features a drive-thru, ample surface parking (55 spaces), and pylon signage. The strong tenant, Walgreens (S&P: BBB), ensures a stable income stream, reflected in the $300,000 NOI and a 6.00% cap rate. The asking price is $5,000,000, translating to $346.79 per square foot. The property's strategic location is further enhanced by its proximity to numerous national retailers, including Dollar General, Advance Auto Parts, and several fast-food restaurants. Its location less than half a mile from Anderson University adds to its appeal. This is a rare opportunity to acquire a stabilized, high-performing retail asset with a long-term, creditworthy tenant. The property offers significant upside potential due to the lease options and strong market fundamentals. The 100% occupancy since August 1, 2004, underscores the property's enduring appeal and consistent performance.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,208,000
- AI Estimate
- $2,014,000
Market price range: $179k - $1.21MMarket price range: $541k - $2.01M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Anderson
- County
- Madison
- State
- Indiana
- Longitude
- -85.6522
- Latitude
- 40.1125
- CBSA code
- 26900
- CBSA name
- INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$39,084
$288,000
$919,400
$1,207,400
-
$288,000
$919,400
$1,207,400
