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No Tenant Specified

Indiana Farm Bureau Insurance

8836 Kennedy Ave, Highland, IN 46322

Listing Price: $825,600

Cap Rate
6.25%
Tenant Name
Indiana Farm Bureau Insurance
Years Remaining On Lease
8.3
Gross SF
2,476
Guarantor
Corporate Guarantee
Rentable SF
2,476
Price/Gross SF
$333.44
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$20.84

Investment Overview

Freestanding Building Completely Rebuilt for Indiana Farm Bureau in 2016 | New Brick Exterior, Roof, Plumbing, HVAC Corporate Guarantee| A+ Credit Rating (AM Best) | Indiana Farm Bureau Has Been in Business Since 1919 and Has Locations in All 92 Indiana Counties New NNN Lease Signed December 2022 | Rental Increases of $1,200 Annually after Year 3 | Two Five-Year Renewal Options | Tenant Extended Lease Early Which Shows Commitment to Site Landlord-Friendly Lease: Minimal Landlord Responsibility – Landlord Responsible for Roof and Structure Hard Corner Lighted Intersection Location | Positioned Adjacent to Indianapolis Boulevard With 33,700 VPD | Within 5 Miles of Hammond Train Station for the South Shore Line; Connects Highland to Chicago Access to Major Interstate – Within 1 Mile of I-94 Exit With Over 209,000 VPD| Located on Kennedy Avenue With 17,596 VPD Affluent Bedroom Community With an Average Household Income of $83,560 Within 3 Miles - Located 31 Miles from City Center of Chicago, 3rd Largest Metro in the U.S. | 7 Miles South of Lake Michigan Strong Demographics – Daytime Population of 184,755 Within 5 Miles

Investment Highlights

  • Completely Rebuilt for Indiana Farm Bureau Insurance in 2016 - New Brick Exterior, New Roof, New Plumbing and HVAC
  • Corporate Guarantee | A+ Credit Rating (AM Best) | Indiana Farm Bureau Has Been in Business Since 1919 and Has Locations in All 92 Indiana Counties
  • New NNN Lease Signed in December 2022 | Tenant Extended Lease Early, Showing Commitment to Site | Rental Increases of $1,200 Annually After Year 3
  • Affluent Bedroom Community With an Average Household Income of $83,560 Within 3 Miles | Located Just 31 Miles from the City Center of Chicago, the 3rd Largest Metro in the US

Exclusively Listed By

No Tenant Specified

Indiana Farm Bureau Insurance

Listing Price: $825,600

Cap Rate
6.25%
Tenant Name
Indiana Farm Bureau Insurance
Years Remaining On Lease
8.3
Gross SF
2,476
Guarantor
Corporate Guarantee
Rentable SF
2,476
Price/Gross SF
$333.44
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$20.84

Investment Highlights

  • Completely Rebuilt for Indiana Farm Bureau Insurance in 2016 - New Brick Exterior, New Roof, New Plumbing and HVAC
  • Corporate Guarantee | A+ Credit Rating (AM Best) | Indiana Farm Bureau Has Been in Business Since 1919 and Has Locations in All 92 Indiana Counties
  • New NNN Lease Signed in December 2022 | Tenant Extended Lease Early, Showing Commitment to Site | Rental Increases of $1,200 Annually After Year 3
  • Affluent Bedroom Community With an Average Household Income of $83,560 Within 3 Miles | Located Just 31 Miles from the City Center of Chicago, the 3rd Largest Metro in the US

Investment Overview

Freestanding Building Completely Rebuilt for Indiana Farm Bureau in 2016 | New Brick Exterior, Roof, Plumbing, HVAC Corporate Guarantee| A+ Credit Rating (AM Best) | Indiana Farm Bureau Has Been in Business Since 1919 and Has Locations in All 92 Indiana Counties New NNN Lease Signed December 2022 | Rental Increases of $1,200 Annually after Year 3 | Two Five-Year Renewal Options | Tenant Extended Lease Early Which Shows Commitment to Site Landlord-Friendly Lease: Minimal Landlord Responsibility – Landlord Responsible for Roof and Structure Hard Corner Lighted Intersection Location | Positioned Adjacent to Indianapolis Boulevard With 33,700 VPD | Within 5 Miles of Hammond Train Station for the South Shore Line; Connects Highland to Chicago Access to Major Interstate – Within 1 Mile of I-94 Exit With Over 209,000 VPD| Located on Kennedy Avenue With 17,596 VPD Affluent Bedroom Community With an Average Household Income of $83,560 Within 3 Miles - Located 31 Miles from City Center of Chicago, 3rd Largest Metro in the U.S. | 7 Miles South of Lake Michigan Strong Demographics – Daytime Population of 184,755 Within 5 Miles

Exclusively Listed By

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