80 Garner Rd Brownsburg, IN 46112-8704

Property Details for 80 Garner Rd

Year built

2007

Construction

TYPE NOT SPECIFIED

Lot size

0.86 lot acres

Property size

4,000 SF

Property type

Retail space

APN

32-02-35-356-001.000-026

APU

320235356001000026

Description

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.

Location Insight

City

Brownsburg

County

Hendricks

State

Indiana

Longitude

-86.3907

Latitude

39.866

CBSA code

26900

CBSA name

INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments