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11681 Brooks School Road - Brooks School Shoppes, Fishers, IN

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11681 Brooks School Road - Brooks School Shoppes

Fishers, IN 46037-9743 - Fishers/Geist Submarket

Property Type:Retail Sub Type:- Status:Existing Year Built:2000
Building Size:22,560 SF Land Area:1 AC (43,560 SF)
For Sale Price:$5,660,000 Price/SF:$250.89
Cap Rate:7.40 %
Parking:Free Surface spaces are available; Ratio of 3.99/1,000 SF
Features:Air Conditioning, Signage

A 22,560 square foot shopping center in an excellent neighborhood retail location in the fastest growing county in Indiana.

Sale Notes:
The subject property is located at the heart of the affluent Geist area on the northeast side of Indianapolis at the signalized northeast corner of 116th Street and Brooks School Road. Brooks School Retail Shoppes is a 22,560 sf retail center that is shadow anchored by the areas preeminent grocery store, Marsh Supermarket. This center is built on a street front 2.1 acre outlot at the entrance to Marsh Supermarket, a hub for other retail and professional suites along the main corridor. This property has upscale design with great curb appeal and accessibility off the main thoroughfares with 4 ingress/egress points. The synergistic tenant mix provides a constant flow of customers to the center.

This offering provides an investor the opportunity to purchase a NNN multi-tenant asset with minimal landlord responsibilities in an affluent market experiencing dynamic population growth. Given its sound fundamental real estate attributes, Brookschool Shoppes presents an excellent opportunity for an investor seeking a stable, high-quality retail asset for a long-term hold strategy within a low-velocity, high-income submarket

Marcus & Millichap Inc
Kahlil Barnard
(317) 608-0807

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