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17833 Foundation Dr
Noblesville, IN 46060
Aspen Dental · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 10 Year Lease with 10% RENTAL INCREASES every 5 years.
- Newly Renovated Building with TRANSFERRABLE WARRANTIES.
- PRIME RETAIL CORRIDOR – Located in the much desirable Noblesville, IN and surrounded by national tenants including Walmart, Home Depot, Lowe’s, Meijer
- Strong National Tenant, backed by TAG CORPORATE GUARANTY.
- HANDS-OFF INVESTMENT – Tenant performs all CAM and reimburses for real estate taxes and insurance.
- Positioned along heavily traveled State Road 37 (29,818 ADT) with a 5-mile average household income of $140,921 (100,187 people).
EXECUTIVE SUMMARY
Veritas Realty is pleased to present a new Aspen Dental at 17833 Foundation Drive, Noblesville, IN. Located near I-69 and State Road 37, the property offers high visibility in a prime retail corridor alongside Walmart, Home Depot, Lowe’s, and Meijer. The area’s $138,712 median household incomes within three miles support strong consumer demand. Aspen Dental’s long-term NN+ lease provides a stable, low-management investment, backed by its strong national brand. The lease terms are highly favorable, featuring 10% rent increases every five years, with the tenant solely responsible for performing all CAM items—including snow removal, landscaping, trash, and common area utilities—at their own expense.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,725 SF
Building Class
B
Year Built
1998
Price
$4,336,644 CAD
Price Per SF
$1,164.20 CAD
Cap Rate
6.15%
NOI
$266,704 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.20 AC
Zoning
PB/PUD - Planned Business/PUD
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | 29-07-32-000-024.001-013 | Improvements Assessment | $0 CAD |
| Land Assessment | $7,298 CAD | Total Assessment | $7,298 CAD |
PROPERTY TAXES
Parcel Number
29-07-32-000-024.001-013
Land Assessment
$7,298 CAD
Improvements Assessment
$0 CAD
Total Assessment
$7,298 CAD
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