New Construction $200K Build-to-rent Homes
Currently under construction, Circle Point Villas is a new, high end rental home community built by an experienced developer. After rollover of the first leases, additional organic rent growth could be achieved.
High Demand for Home Rentals
There is increasing demand for renters who prefer the privacy and larger size of a home, without the burden of homeownership. Peak home prices coupled with the flexibility of renting and desire for suburban living have boosted the demand for BTR communities.
Trending Demographics Support Rental Rates
Circle Point Villas is primed for a high-level resident profile. Average household incomes within five miles are $66K and is expected to increase by 10% over the next four years. Nearly 52% of residents earn over $50K. Spending 30% of a $66K average gross income for housing equates to rents starting at $1,650.
Maintenance Free Rentals with Flexibility
BTR homes attract millennials, baby boomers and prospective home buyers tired of the house hunt with the flexibility to move when they want, and maintenance free living with professional on-site management. Circle Point Villas offer spacious open layouts, direct access garages, green space, patio and front porch, laundry room with W/D and a full appliance package.
Near Significant Employment
Toyota Motor Manufacturing | Indiana (7,296 employees) is less than five miles from Circle Point Villas. The company is adding an additional 1,400 employees by the end of 2023. Additional employers nearby include Duke Energy (1,400 emp), Vuteq Corp. (654 emp), Deaconess Gibson Hospital (350 emp) and Hansen Corp. (233 emp).
San Angelo, TX 76901
HIGH DEMAND BUILD-TO-RENT DEVELOPMENT
Honor Meadows is a build-to-rent (BTR) community thoughtfully designed with popular interiors and architectural details. The experienced Central Indiana developer, Bridgenorth Homes, uses true craftsmen to build their homes. Renters who prefer privacy, larger homes, suburban locations, and the flexibility of renting have boosted the demand for BTR communities.
POPULAR COMMUNITY ELEMENTS
The planned community will offer nine green common area spaces and a large park with gazebo and fire pit with seating. Home interiors will incorporate a direct access one-car garage, covered front porch, fenced back yard, washer/dryer, walk-in closets, and kitchen pantry, among other popular features.
RAPID EXPANSION OF LEBANON
Lebanon is located within Boone County, Indiana’s 2nd fastest-growing county. Industrial facilities, developments and employment in downtown Lebanon and along the I-65 corridor are growing at a fast pace. This growth includes the recently announced LEAP Lebanon Innovation District, a 7,000-acre mixed-use campus with Eli Lilly as a major tenant (less than two miles from Honor Meadows).
QUICK ACCESS TO NOTABLE AREAS
Lebanon’s rapid growth can be attributed to its location along I-65 with quick access to key areas such as Whitestown, Zionsville, Westfield, Lafayette, downtown Indianapolis and the Indianapolis International Airport.
Lebanon, Indiana is facing a housing shortage due to its location in rapidly growing Boone County (31% population growth since 2010). There is a lack of housing options, especially for temporary construction, and permanent jobs needed at the new LEAP district. Honor Meadows is ideally located just east of the LEAP district, making it a prime housing option. CLICK HERE FOR MORE INFORMATION
Lebanon, IN 46052
Myrtle Beach, SC 29577