BMO Harris Bank

7150 East 116th Street, Fishers, IN 46038
$1,300,000
Status Sold
Price $1,300,000
Cap Rate 5.11%
NOI $66,366
Price/SF $474
Lease Type Absolute NNN
Lease Term 10 Years
Lease Start December 2015
Lease Expiration December 2025
Building Size 2,741 SF
Lot Size 40511 AC

Overview

In 2010, Fishers was ranked eighth in the best places to live according to Money magazine, America’s best affordable suburb by BusinessWeek, and the eleventh best place to move in the country by Forbes. Fishers was also ranked the 12th best place to live in America by Money magazine in 2012.

The property sits on the main regional thoroughfare, which is located less than two miles from downtown Fishers. With a traffic count of 20,000 cars per day, the site features excellent accessibility and visibility with three drive-thrus and 19 parking spaces.

The branch is an outparcel to a Kroger anchored shopping center. Additionally, several well-known retailers are located on 116th Street, including CVS and Marsh Supermarket.

Within a 3-mile radius, the demographics of this affluent Indianapolis suburb have a population and average household income and of 56,000 and $111,000, respectively.