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This 2. 95-acre ground lease opportunity at Whitehall Rd and Pearman Dairy Rd sits in one of Anderson’s more active commercial corridors, with traffic counts exceeding 20, 000 vehicles per day. The site benefits from strong visibility and accessibility, positioned directly behind a high-performing QuikTrip and surrounded by established national retailers. The property’s C-1 commercial zoning and level topography provide flexibility for a wide range of retail or service-oriented uses, while existing utility access reduces development friction. Combined with easy ingress and egress, the site is well-suited for users seeking convenience-driven traffic. From a market standpoint, the location draws from a stable suburban population with a median household income of approximately $47, 000, supported by consistent commuter flow through the corridor. This creates a reliable customer base for daily-use retail, quick service restaurants, or service providers. Overall, this is a straightforward, well-positioned development site offering strong fundamentals: traffic, co-tenancy, accessibility, and flexibility. The negotiable ground lease structure adds an additional layer of appeal for tenants looking to control costs while securing a strategic location.
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Our Executive Mortgage Banker:
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $1 | $1 | $1 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.512% | 5.866% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $0 | $0 | $0 |
| Total Monthly Payment | $75 | $75 | $75 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.