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831 Coffee STNL

1529 S Waterleaf Dr, Westfield, IN 46074

09/25/2022

  • CONTROL : -
  • LOAN : 0
  • EQUITY :
  • MARKETING DESCRIPTION : Great new multi location coffee concept within the Westfield submarket of Indianapolis.

    Local ownership with strong presence within 3 other QSR brands

    Hard corner within a high income demographic area with minimal housing supply.

FINANCIALS
  • GROSS SCH INC : 105000
  • Loan 1 : -
  • VACANCY LOSS : 0
  • Balance :
  • GROSS EFF INC : 105000
  • Payment :
  • EXPENSES : -0
  • Rate :
  • NOI : 105000
  • DATE DUE :
  • Debt Service : -0
  • ASSUMABLE? (Y/N) : Yes
  • Cash flow : 105000
  • EQUITY :
BUILDING DETAILS
  • Property Type : 105000
  • Subtype : QSR/Fast Food
  • Tenancy : Single Tenant
  • Total SQFT : 2100
  • Building class : A
  • Year Built : 2018
  • Year Renovated : 2022
  • Buildings : 1
  • Stories : 1
  • Parking Spaces : 8
  • Elevators : No
  • Zoning : C-4
  • Clear Height :
  • OCCUPANCY : 100
  • BRANDS/TENANT : Biggby Coffee
  • INVESTMENT TYPE : Institutional
PERSONAL MOTIVATIONS AND BACKGROUND
  • Benefits sought : Looking to use free and clear property for a trade into a multi tenant retail strip center or industrial achieving similar returns or better cap rate.
  • Motivation : Looking to more assets to build up portfolio and want to move out of smaller assets.
  • Can Add : Can add another 2M in cash into a 6M to 8M asset.
  • Remarks : This is a property I developed and want to get out of into more bigger assets as my motivation.