744 Tournament Trl Westfield, IN 46074

This exceptional investment opportunity presents the leasehold interest in a newly constructed, 49,600 square-foot Giant Eagle Market District grocery store located at 744 E Tournament Trl, Westfield, IN 46074. The property sits on a 6.22-acre lot and boasts a 100% occupancy rate with a long-term, absolute NNN lease. The lease commenced July 25, 2023, and has a primary term expiring July 31, 2043, with six five-year renewal options, providing a remaining lease term of approximately 18.7 years. The property features a strong 6.75% cap rate and a net operating income (NOI) of $1,222,640. The asking price is $18,110,000. This Class A, single-tenant property is part of Giant Eagle's Market District concept, offering an expansive selection of grocery items and grab-and-go meals. It's also a LEED-certified, zero-waste store, reflecting its commitment to sustainability. Westfield, Indiana, is experiencing exceptional population growth, making this a highly desirable location. The area within a three-mile radius has over 110,000 residents with an average household income of $163,858. The property's proximity to Grand Park Sports Campus, a major sports and tourism destination, further enhances its appeal. This investment offers a truly passive income stream with zero landlord responsibilities, making it an attractive opportunity for investors seeking a stable, long-term return in a high-growth market. The property was built in 2024 and is a single-story building. This offering is also part of a portfolio opportunity including other Giant Eagle locations.