3520 Two Mile House RdColumbus, IN 47201

For Sale
$600,000
High-NOI, 3700 SF, 100% Leased

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional 3,700 square foot Class B medical/traditional office building, located at 3520 W Two Mile House Road in Columbus, Indiana, presents a compelling investment opportunity. Currently 100% occupied by a strong, multi-state tenant under a triple-net (NNN) lease with a remaining term of 2.7 years (commencing August 1, 2024, and expiring July 31, 2027). The lease includes annual rent bumps of 2.5%, ensuring consistent income growth. The property boasts a substantial Net Operating Income (NOI) of $43,050, yielding a 7.18% cap rate. Built in 1985 and extensively renovated in 2021, the building sits on a 3.37-acre lot zoned for commercial strip use. The tenant has two additional 3-year lease options, providing long-term stability and predictable cash flow. This prime location in Bartholomew County (zip code 47201) is surrounded by numerous regional and national businesses, offering excellent visibility and accessibility. The property's strong tenant, combined with its favorable lease terms and attractive financial metrics, makes it an ideal addition to any investment portfolio.

Highlights

  • 100% occupied.
  • Excellent location with strong surrounding tenant base of regional and national companies.

Property Details for 3520 Two Mile House Rd

Property type
Office properties, Medical offices
Square Feet
3,700 SF
Class
B
Year Built/Renovated
1985/2021
Lot Size (sq. ft)
146,797 SF

Location Insight

City
Columbus
County
Bartholomew
State
Indiana
Latitude
39.1990658
Longitude
-85.9642756
3520 Two Mile House Rd, Columbus, Indiana

FAQs

What type of property is this?
Office property - High-NOI, 3700 SF, 100% Leased
Where is the office property located?
The property is located at 3520 Two Mile House Rd Columbus, IN.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 100% occupied.; Excellent location with strong surrounding tenant base of regional and national companies.;
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
3520 Two Mile House Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message