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NNN Leased Bank Branch & 0.50+/- Parcel 940 N Meridian St 14,038 SF 100% Leased Retail Building Indianapolis, IN 46204 $5,025,312 CAD ($357.98 CAD/SF)

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INVESTMENT HIGHLIGHTS

  • PRIME MERIDIAN STREET LOCATION IN DOWNTOWN INDIANAPOLIS
  • RAPIDLY GROWING ST. JOSEPH HISTORIC NEIGHBORHOOD
  • THRIVING ECONOMY AND GROWING CORPORATE PRESENCE
  • INFLATION-PROOF NNN LEASES AND STABLE CASH FLOW
  • FUTURE VALUE-ADD LEASING + OUTLOT DEVELOPMENT

EXECUTIVE SUMMARY

Core+ Opportunity - Two-tenant NNN Leased with approximately 2,690 SF available for lease - creating room for upside. Both tenants have just renewed their leases early and the WALT is 5.84 years. Financing quotes are available!

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
14,038 SF
Building Class
B
Year Built
1980
Price
$5,025,312 CAD
Price Per SF
$357.98 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.37
Lot Size
0.88 AC
Opportunity Zone
Yes
Zoning
CBD-1 - CBD-1
Parking
57 Spaces (4.06 Spaces per 1,000 SF Leased)
Frontage
200’ on Meridian Street

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Finance and Insurance
  • -
  • -
  • Triple Net
  • -

KeyBank is a regional banking institution operating under KeyCorp, headquartered in Cleveland, Ohio. The company was formed in 1994 through the merger of Society Corporation and KeyCorp, though its roots trace back to 1825. KeyBank provides a wide range of financial services, including consumer banking, commercial lending, investment management, mortgage services, and treasury solutions. The bank serves individuals, small businesses, and institutional clients across 15 states, with a significant presence in the Midwest, Northeast, and select western markets. KeyBank is publicly traded on the New York Stock Exchange under the ticker symbol KEY and is a member of the S&P 500. Its Phoenix office focuses on commercial banking and private client services, supporting regional businesses with lending and financial advisory solutions.

  • Msktd & Associates Inc
  • Professional, Scientific, and Technical Services
  • -
  • -
  • -
  • -
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Finance and Insurance - - Triple Net -
Msktd & Associates Inc Professional, Scientific, and Technical Services - - - -
Walk Score®
Very Walkable (88)
Bike Score®
Biker's Paradise (98)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

CrossFit
YMCA
Pure Barre
Club Pilates
Starbucks
Needler's Fresh Market
Old National Bank
City Barbeque
Yoga Six
Stretchlab

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
49-11-01-175-005.000-101
Land Assessment
$1,192,381 CAD
Improvements Assessment
$658,094 CAD
Total Assessment
$1,850,474 CAD
  • Listing ID: 33909586

  • Date on Market: 2024-11-18

  • Last Updated:

  • Address: 940 N Meridian St, Indianapolis, IN 46204

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