For Sale
$2,600,000

7098 Guion Rd Indianapolis, IN 46268

14,080 SF, 5.98% Cap Rate, NNN Lease

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional Class A industrial property, located at 7098 Guion Rd, Indianapolis, IN 46268, presents a compelling investment opportunity. The 14,080-square-foot building, constructed in 2021, sits on a 1.434-acre lot and boasts a 20-foot ceiling height and two dock-high doors. Currently 100% occupied by a single tenant under a NNN lease, the property offers a stable income stream with a 5.98% cap rate and a substantial net operating income (NOI) of $155,417. The lease, commencing September 29, 2021, and expiring September 29, 2031, includes a remaining term of approximately 6.9 years and features annual rent bumps of 2.5%. Two five-year lease extension options further enhance the long-term stability of this investment. The tenant, C&R Racing, Inc., a subsidiary of PWR Advanced Cooling Technology (an Australian publicly traded company), provides a strong credit tenant profile. This manufacturing/warehouse space is strategically located in Marion County, offering easy access to major transportation routes. The property's modern design, strong tenant, and favorable lease terms make it an ideal addition to any diversified investment portfolio.

Highlights

  • NNN lease with C&R Racing, Inc. (owned by ASX:PWH), 7 years remaining with annual rent escalations and two 5-year renewal options.

Property Details for 7098 Guion Rd

Property type
Warehouses, Industrial properties
Square Feet
14,080 SF
Class
A
Year Built
2021
Buildings
1
Lot Size (sq. ft)
62,465 SF

Location Insight

City
Indianapolis
County
Marion
State
Indiana
Latitude
39.882359513167
Longitude
-86.232071141661

FAQs

What type of property is this?
Warehouse - 14,080 SF, 5.98% Cap Rate, NNN Lease
Where is the warehouse located?
The property is located at 7098 Guion Rd Indianapolis, IN.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: NNN lease with C&R Racing, Inc. (owned by ASX:PWH), 7 years remaining with annual rent escalations and two 5-year renewal options.; ;
How can I contact the broker?
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7098 Guion Rd
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