Single Tenant NNN Industrial Investment Opportunity

Investment Overview

SVN | Northern Commercial is pleased to present 6030 S Harding Street, a ±10,000 SF single-tenant NNN industrial investment on ±2.09 acres on Indianapolis’ south side. The property is 100% leased to Acosta Inc. (Acosta Group), which has occupied the building since 2017. Acosta recently signed a new five-year lease extension that commences March 1, 2027 and runs through February 29, 2032. By expiration, the tenant will have been at the site for 15 years. The extension resets base rent to $13.98/RSF ($139,752 annually), an 18% increase over current rent. Rent then grows 4% each year, producing $756,942 in base rent over the five-year term. Offered at $1,900,000, the property delivers a 7.36% Year 1 cap rate and a 7.97% average cap rate over the extension. The lease is NNN. The tenant pays real estate taxes, insurance, utilities, snow, lawn and trash, and interior and HVAC. Landlord responsibilities are limited to roof and structure. The building includes ±4,500 SF of office, ±4,960 SF of warehouse with 20' clear height and a drive-in door, and a ±396 SF mezzanine, plus LED lighting throughout. The tenant has invested substantially in the space, including commercial food service equipment, which reinforces its long-term commitment to the site. The ±2.09-acre site is zoned I-2 with roughly 10% building coverage, leaving excess land for long-term optionality. It also has immediate access to I-69 and I-465.

Investment Highlights

• Brand-new 5-year lease extension through 02/29/2032 (commencing 03/01/2027)
• Acosta Group has occupied property since 2017
• 18% rent increase in Year 1 to $13.98/RSF, plus 4% annual escalations
• NNN lease: landlord responsibilities limited to roof & structure
• ±2.09 acres zoned I-2 with ±10% site coverage, offering excess land and future expandability
• Immediate access to I-69 & I-465, minutes from Indy’s interstate network