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No Tenant Specified

Indiana Farm Bureau Insurance

5032 Miami St, South Bend, IN 46614

Listing Price: $1,655,172

Cap Rate
7.25%
Tenant Name
Indiana Farm Bureau Insurance
Years Remaining On Lease
7.7
Gross SF
5,900
Guarantor
Corporate Guarantee
Rentable SF
5,900
Price/Gross SF
$280.54
Lease Type
Absolute Net
Rent Per Square Feet
$20.34

Investment Overview

Freestanding Building Built to Suit for Indiana Farm Bureau Insurance in 2011| 7.7 Years Remaining | Absolute NNN Lease – No Landlord Responsibilities

Corporate Guarantee | A+ Credit Rating (AM Best) | Indiana Farm Bureau 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, McDonald’s, and More

Near Highway US-31 with 26,000 VPD | Just South of the Intersection of Miami Street and Highway US-20 Bypass with a Combined VPD 51,800+

Densely Populated University Town | Near University of Notre Dame , ranked #20 in the 2024 Edition of Best Colleges and National Universities, (13,139+ Students), Indiana University South Bend (4,450 Students), and Ivy Tech Community College (5,000 Students), St. Mary’s College (1,500 Students), and Holy Cross College (500 Students)

St Joseph is the Fifth Largest County in Indiana | South Bend is the Economic and Cultural Hub of a Multi-County, Bi-State Greater Region, with a Population of 924,820

Less Than 90 Miles to Chicago | Five Miles from Mishawaka, with One of the Largest Concentrations of Retail Stores in the State

Excellent Daytime Population of 113,569 Within a 5-Mile Radius

Investment Highlights

  • Freestanding Building Built-to-Suit for Tenant in 2011 | 7.7 Years Remaining on Absolute NNN Lease
  • Corporate Guarantee | Tenant has 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 with Kohl's, Target, Kroger, Jimmy John's, Starbucks, Walgreens, McDonald's, Martin's Supermarket, Kroger, Arby's, Joann Fabrics and More

Exclusively Listed By

No Tenant Specified

Indiana Farm Bureau Insurance

Listing Price: $1,655,172

Cap Rate
7.25%
Tenant Name
Indiana Farm Bureau Insurance
Years Remaining On Lease
7.7
Gross SF
5,900
Guarantor
Corporate Guarantee
Rentable SF
5,900
Price/Gross SF
$280.54
Lease Type
Absolute Net
Rent Per Square Feet
$20.34

Investment Highlights

  • Freestanding Building Built-to-Suit for Tenant in 2011 | 7.7 Years Remaining on Absolute NNN Lease
  • Corporate Guarantee | Tenant has 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 with Kohl's, Target, Kroger, Jimmy John's, Starbucks, Walgreens, McDonald's, Martin's Supermarket, Kroger, Arby's, Joann Fabrics and More

Investment Overview

Freestanding Building Built to Suit for Indiana Farm Bureau Insurance in 2011| 7.7 Years Remaining | Absolute NNN Lease – No Landlord Responsibilities Corporate Guarantee | A+ Credit Rating (AM Best) | Indiana Farm Bureau 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, McDonald’s, and More Near Highway US-31 with 26,000 VPD | Just South of the Intersection of Miami Street and Highway US-20 Bypass with a Combined VPD 51,800+ Densely Populated University Town | Near University of Notre Dame , ranked #20 in the 2024 Edition of Best Colleges and National Universities, (13,139+ Students), Indiana University South Bend (4,450 Students), and Ivy Tech Community College (5,000 Students), St. Mary’s College (1,500 Students), and Holy Cross College (500 Students) St Joseph is the Fifth Largest County in Indiana | South Bend is the Economic and Cultural Hub of a Multi-County, Bi-State Greater Region, with a Population of 924,820 Less Than 90 Miles to Chicago | Five Miles from Mishawaka, with One of the Largest Concentrations of Retail Stores in the State Excellent Daytime Population of 113,569 Within a 5-Mile Radius

Exclusively Listed By

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