80 Garner Rd, Brownsburg, IN 46112-8704
This exceptional investment opportunity presents a 4,000-square-foot freestanding Sherwin-Williams store located at 80 E Garner Rd, Brownsburg, IN 46112. The property, built in 2006, sits on a 0.86-acre lot and is offered at $2,059,000, representing a compelling $514.75 per square foot. The property boasts a strong 6.03% cap rate with a current NOI of $124,158. The Net Lease (NNN) agreement with Sherwin-Williams, a globally recognized brand, extends until July 31, 2031, offering a remaining lease term of approximately 6.7 years. The tenant is responsible for all common area maintenance (CAM), real estate taxes, and insurance. This location benefits from high visibility and traffic counts, situated near I-74 with an average daily traffic count of 36,043. The immediate vicinity includes a variety of national retailers such as Culver's, Starbucks, Panda Express, and Goodwill, with a Wawa currently under construction nearby. Further enhancing the property's value are the strong demographics, with average household incomes exceeding $140,000 within a three-mile radius and significant population density. The tenant has a five-year renewal option with a 12% rent increase. This is a rare opportunity to acquire a high-performing, net-leased retail property anchored by a creditworthy tenant in a prime location.
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Sherwin-Williams Paint Store Hardware & Home Improvement Building Supply
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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
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.