$1,350,000 USD
215-249-7844
HIGHLIGHTS
- The property sits on the very well-trafficked Michigan Rd, which sees over 33,632 VPD.
- The current lease features annual CPI increases, a great hedge against inflation.
- The property has a general commercial zoning designation, supporting a range of commercial and light industrial uses.
- Demographics in the immediate area are strong, with a household income average of over $100,000 in a 5-mile radius.
- The property has a very long, illustrious history operating as a veterinary clinic and is currently operated by NVA, one of the strongest operators.
OVERVIEW
Sands Investment Group is pleased to exclusively offer for sale the 5,600 SF Michigan Road Animal Hospital located at 7720 Michigan Rd in Indianapolis, IN. The current lease includes annual CPI increases, providing a strong hedge against inflation, and the property’s zoning allows for a wide range of commercial uses. Together, these features create a highly attractive and flexible investment opportunity.
In Cooperation With Sands Investment Group Indiana, LLC - Lic. #RC52000211 BoR: Andrew Ackerman - Lic. IN #RB20001918
FOR SALE DETAILS
PRICE
$1,350,000 USD
PRICE/SF
$241 USD /SF
CAP RATE
10.38%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Michigan Road Animal Hospital - Indianapolis
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Veterinarian/Kennel
ADD'L SUBTYPES
Freestanding, Storefront, Medical
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1958
SPRINKLERS
-
PARKING SPACES
20
LAND DETAILS
LAND ACRES
1.19 AC
LAND SF
51,967 SF
ZONING
ZO01
APN/PARCEL ID
49-03-29-114-013.000-600
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215-249-7844
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215-249-7844
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