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1632 Bush Ln

10,280 SF Retail Building Crawfordsville, IN 47933 £941,763 (£92/SF) 7.15% Net Initial Yield

Investment Highlights

  • Single-Tenant Planet Fitness: New 10-year lease (expiration 2034) | 10% rental increase every 5 years | Four 5-year options @ 10% increases
  • Planet Fitness Inc. (NYSE: PLNT) is one of the largest fitness clubs with more than 2,500 locations
  • Crawfordsville is a Located 45 Miles Northwest of Indianapolis: Over 2 million people within the MSA
  • Strong Lease Guaranty from 150+ location operator with locations in the Midwest, Northeast, and Southeast
  • Excellent Retail Corridor: Subject property is located in the main retail corridor in Crawfordsville, with major national tenants nearby
  • 50% of the U.S. population is within a 1-day drive | Headquarters to 4 Fortune 500 companies | “Best Place to Go in 2020” by Frommers

Executive Summary

New 10-Year Lease | Large 150-Location Guaranty | Strong Retail Corridor Location

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Health Club
Building Size
10,280 SF
Building Class
C
Year Built
2016
Price
£941,763
Price Per SF
£92
Net Initial Yield
7.15%
NOI
£67,326
Tenancy
Single
Number of Floors
1
Building FAR
0.08
Lot Size
3.09 AC
Parking
56 Spaces (5.45 Spaces per 1,000 SF Leased)
Frontage
150 ft on Bush Lane

Amenities

  • Pylon Sign

Links

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Nearby Major Retailers

Planet Fitness
Chase Bank
Kroger
Applebee's
Rent-A-Center
Starbucks
Steak ‘n Shake
Buffalo Wild Wings
CrossFit
Curves

PROPERTY TAXES

Parcel Number 54-10-08-200-061.004-030 Improvements Assessment £340,477
Land Assessment £337,271 Total Assessment £677,748

PROPERTY TAXES

Parcel Number
54-10-08-200-061.004-030
Land Assessment
£337,271
Improvements Assessment
£340,477
Total Assessment
£677,748
(844) 585-7678

Contacts

  • Dylan Mallory
    Dylan Mallory
  • Matt Jackson
    Matt Jackson

  • Listing ID: 34109352

  • Date on Market: 06/12/2024

  • Last Updated:

  • Address: 1632 Bush Ln, Crawfordsville, IN 47933

The Retail Property at 1632 Bush Ln, Crawfordsville, IN 47933 is currently available for sale. Contact Hanley Investment Group for more information.

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© 2025 CoStar Group

1632 Bush Ln
(844) 585-7678 x

1632 Bush Ln

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Dylan Mallory

(844) 585-7678

(844) 585-7678

Matt Jackson

(317) 340-3969

(317) 340-3969

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