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No Tenant Specified

Indiana Farm Bureau Insurance

5032 Miami St, South Bend, IN 46614

Listing Price: $1,920,000

Cap Rate
6.25%
Tenant Name
Indiana Farm Bureau Insurance
Years Remaining On Lease
8.7
Gross SF
5,900
Guarantor
Corporate Guarantee
Rentable SF
5,900
Price/Gross SF
$325.42
Lease Type
Absolute Net
Rent Per Square Feet
$20.34

Investment Overview

Freestanding Building Built to Suit for Indiana Farm Bureau Insurance in 2011| 8.5 Years Remaining on Absolute NNN Lease Corporate Guarantee | A+ Credit Rating (AM Best) | Indiana Farm Bureau Has Been in Business Since 1919 and Has Locations in All 92 Indiana Counties Absolute NNN Lease – No Landlord Responsibilities Densely Populated University Town | Near University of Notre Dame (19,560+ Students), Indiana University South Bend (4,900 Students), and Ivy Tech Community College (5,000 Students), St. Mary’s College (1,500 Students), and Holy Cross College (500 Students) Adjacent to Erskine Village Power Center, Which Includes Kohl’s, Target, Kroger, Starbucks, Martin’s Supermarket, Joann Fabrics, Arby’s, McDonald’s, and More Near Highway US-31 Which Sees Over 26,000 VPD and Highway US-20 Bypass That Sees Over 39,000 VPD Less Than 20 Minutes From South Bend International Airport and Potato Creek State Park | 1 Mile From St. Joseph County Fairground | Adjacent to Andrew Jackson Middle School Strong Demographics With an Average Household Income of $82,110 per Year Within a 1-Mile Radius, Above the National Average of $67K

Investment Highlights

  • Built to Suit for Indiana Farm Bureau in 2011 | 8.5 Years Remaining on Absolute NNN Lease - No Landlord Responsibilities
  • Corporate Guarantee | A+ Credit Rating (AM Best) | Indiana Farm Bureau Insurance Has Been in Business Since 1919 and Has Locations in All 92 Indiana Counties
  • Adjacent to Erskine Village Power Center, Which Includes Kohl's, Target, Kroger, Starbucks, Martin's Supermarket, Joann Fabrics, Arby's, McDonalds, and More
  • Densely Populated University Town | Near University of Notre Dame (19,560+ Students), Indiana University South Bend (4,900 Students), and Ivy Tech Community College (5,000 Students), St. Mary's College (1,500 Students), and Holy Cross College (500 Students)

Exclusively Listed By

No Tenant Specified

Indiana Farm Bureau Insurance

Listing Price: $1,920,000

Cap Rate
6.25%
Tenant Name
Indiana Farm Bureau Insurance
Years Remaining On Lease
8.7
Gross SF
5,900
Guarantor
Corporate Guarantee
Rentable SF
5,900
Price/Gross SF
$325.42
Lease Type
Absolute Net
Rent Per Square Feet
$20.34

Investment Highlights

  • Built to Suit for Indiana Farm Bureau in 2011 | 8.5 Years Remaining on Absolute NNN Lease - No Landlord Responsibilities
  • Corporate Guarantee | A+ Credit Rating (AM Best) | Indiana Farm Bureau Insurance Has Been in Business Since 1919 and Has Locations in All 92 Indiana Counties
  • Adjacent to Erskine Village Power Center, Which Includes Kohl's, Target, Kroger, Starbucks, Martin's Supermarket, Joann Fabrics, Arby's, McDonalds, and More
  • Densely Populated University Town | Near University of Notre Dame (19,560+ Students), Indiana University South Bend (4,900 Students), and Ivy Tech Community College (5,000 Students), St. Mary's College (1,500 Students), and Holy Cross College (500 Students)

Investment Overview

Freestanding Building Built to Suit for Indiana Farm Bureau Insurance in 2011| 8.5 Years Remaining on Absolute NNN Lease Corporate Guarantee | A+ Credit Rating (AM Best) | Indiana Farm Bureau Has Been in Business Since 1919 and Has Locations in All 92 Indiana Counties Absolute NNN Lease – No Landlord Responsibilities Densely Populated University Town | Near University of Notre Dame (19,560+ Students), Indiana University South Bend (4,900 Students), and Ivy Tech Community College (5,000 Students), St. Mary’s College (1,500 Students), and Holy Cross College (500 Students) Adjacent to Erskine Village Power Center, Which Includes Kohl’s, Target, Kroger, Starbucks, Martin’s Supermarket, Joann Fabrics, Arby’s, McDonald’s, and More Near Highway US-31 Which Sees Over 26,000 VPD and Highway US-20 Bypass That Sees Over 39,000 VPD Less Than 20 Minutes From South Bend International Airport and Potato Creek State Park | 1 Mile From St. Joseph County Fairground | Adjacent to Andrew Jackson Middle School Strong Demographics With an Average Household Income of $82,110 per Year Within a 1-Mile Radius, Above the National Average of $67K

Exclusively Listed By

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