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    Property profile & analytics
    OFF-MARKET Estimated value $530,000
    Retail space

    80 Garner Rd, Brownsburg, IN 46112-8704

    4,000 SF 0.86 ac lot Built 2007
    Entity Owned 5-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US31-0477146
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 2007
    Construction TYPE NOT SPECIFIED
    Total area 4,000 SF
    Lot 0.86 ac (37,462 SF)
    APN 32-02-35-356-001.000-026
    UPID US31-0477146
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Sherwin-Williams Paint Store Hardware & Home Improvement Building Supply
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $355k
    CAP Approach CAP
    $740k
    Comparable Approach Comparable
    $497k
    Blend (final) Blend
    $530k
    Owner & transaction history
    Tt Commercial Four LLC · 5 yrs held
    Tt Commercial Four LLC
    since 2020
    2 recorded transactions
    2020
    2016
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Medical building $395,000 +27.2%
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