2509 Chester Blvd

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2509 Chester Blvd

Richmond, IN 47375
Asking Price
$3.43M
Cap Rate
5.65%
Asset Type
Storefront Retail
Class
Class B

What's Special

12-Yr Corporate Abs NNN Lease | 10% Increases | 2025 Construction | Outparcel to Meijer <ul><li>​Brand New 12-Year Absolute NNN Lease with Corporate Guaranty by Heartland Dental</li><li>​10% Rental Increases Every 5 Years with Multiple Renewal Options</li><li>​New High-Quality 2025 Construction</li><li>​Outparcel to Meijer and Surrounded by National Tenants, Including Chipotle, McDonald's, CVS Pharmacy, and Wendy's</li><li>​Down the Road from 800,000 SF Reid Hospital Regional Medical Center with 189 Beds and ±3,500 Employees</li><li>​Adjacent to ±5,100 Students at Indiana Universit

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NOI
$80,000
Cap Rate
2.33%
DSCR
0.39
Underwater
Cash-on-Cash
-12.01%
Monthly Payment
$16,952.452
Annual Cash Flow
$-123,429.429

Location & Travel Times