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No Tenant Specified

Indiana Farm Bureau Insurance

402 Indian Boundary Rd, Chesterton, IN 46304

Listing Price: $860,787

Cap Rate
6.35%
Tenant Name
Indiana Farm Bureau Insurance
Years Remaining On Lease
6.5
Gross SF
3,196
Guarantor
Corporate Guarantee
Rentable SF
3,196
Price/Gross SF
$269.33
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$17.10

Investment Overview

Freestanding Building Was Built to Suit for Indiana Farm Bureau Insurance in 2009 | New NNN Lease Signed December 2022 | 10% Rental Increase in 1.5 Years | Tenant Extended Lease Early Which Shows Commitment to Site Corporate Guarantee| A+ Credit Rating (AM Best) | Indiana Farm Bureau Has Been in Business Since 1919 and Has Locations in All 92 Indiana Counties Landlord-Friendly Lease: Minimal Landlord Responsibility – Landlord Responsible for Roof and Structure Excellent Frontage – Sign on Indian Boundary Road, a Main Artery in Chesterton| Just off IN-49 With 25,779 VPD | 1.5 Miles South of I-94 Interchange With 80,516 VPD Located in Bustling Retail Corridor | Adjacent to McDonald’s | Located Near Jimmy John’s and Dunkin Donuts | ½ Mile from New ALDI that Opened in October 2021 Affluent Bedroom Community – Located 45 Miles from City Center of Chicago, 3rd Largest Metro in the U.S. | 3 Miles South of Lake Michigan Strong Demographics – Average Household Income $95,644 in 1 Mile, Exceeding the National Average

Investment Highlights

  • New NNN Lease Signed December 2022 | Tenant Renewed Early, Showing Commitment to Site | 10% Rental Increase in 1.5 Years
  • Corporate Guarantee | A+ Credit Rating (AM Best) | Indiana Farm Bureau Has Benn in Business Since 1919 and Has Locations in All 92 Indiana Counties
  • Located Just Off IN-49 with 25,779 VPD | 1.5 Miles South of I-94 Interchange With 80,516 VPD
  • Affluent Bedroom Community - Located only 45 Miles from the City Center of Chicago, 3rd Largest Metro in the US

Exclusively Listed By

No Tenant Specified

Indiana Farm Bureau Insurance

Listing Price: $860,787

Cap Rate
6.35%
Tenant Name
Indiana Farm Bureau Insurance
Years Remaining On Lease
6.5
Gross SF
3,196
Guarantor
Corporate Guarantee
Rentable SF
3,196
Price/Gross SF
$269.33
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$17.10

Investment Highlights

  • New NNN Lease Signed December 2022 | Tenant Renewed Early, Showing Commitment to Site | 10% Rental Increase in 1.5 Years
  • Corporate Guarantee | A+ Credit Rating (AM Best) | Indiana Farm Bureau Has Benn in Business Since 1919 and Has Locations in All 92 Indiana Counties
  • Located Just Off IN-49 with 25,779 VPD | 1.5 Miles South of I-94 Interchange With 80,516 VPD
  • Affluent Bedroom Community - Located only 45 Miles from the City Center of Chicago, 3rd Largest Metro in the US

Investment Overview

Freestanding Building Was Built to Suit for Indiana Farm Bureau Insurance in 2009 | New NNN Lease Signed December 2022 | 10% Rental Increase in 1.5 Years | Tenant Extended Lease Early Which Shows Commitment to Site Corporate Guarantee| A+ Credit Rating (AM Best) | Indiana Farm Bureau Has Been in Business Since 1919 and Has Locations in All 92 Indiana Counties Landlord-Friendly Lease: Minimal Landlord Responsibility – Landlord Responsible for Roof and Structure Excellent Frontage – Sign on Indian Boundary Road, a Main Artery in Chesterton| Just off IN-49 With 25,779 VPD | 1.5 Miles South of I-94 Interchange With 80,516 VPD Located in Bustling Retail Corridor | Adjacent to McDonald’s | Located Near Jimmy John’s and Dunkin Donuts | ½ Mile from New ALDI that Opened in October 2021 Affluent Bedroom Community – Located 45 Miles from City Center of Chicago, 3rd Largest Metro in the U.S. | 3 Miles South of Lake Michigan Strong Demographics – Average Household Income $95,644 in 1 Mile, Exceeding the National Average

Exclusively Listed By

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