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7701 Us 31 S, Indianapolis, IN

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7701 Us 31 S

Indianapolis, IN 46227-8586 - Edgewood/South County Submarket

Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:2015
Building Size:4,300 SF Land Area:.76 AC (33,106 SF)
For Sale Price:$2,334,285 Price/SF:$542.86
Cap Rate:-

Sale Notes:
Marcus & Millichap is pleased to present a recently constructed Mattress Firm location in Greenwood(Indianapolis), Indiana. Completed in mid-2015, this New build-to-suit Mattress Firm occupies a high profile signalized corner near and in between one of Indiana's top grossing Simon Malls and the areas only Walmart SuperCenter. It is a 4,300 square-foot freestanding building on a .76 acre site and is operating under a new 10-year NNN lease with 10% increases every five years including the option terms. This site is positioned on a highly trafficked intersection at US 31 and Shelby Street just South of a Walmart SuperCenter, North of Greenwood Park Mall (Indiana's 2nd largest enclosed mall) and across the street from Greenwood Place Shopping Center: PetSmartBurlington Coat Factory, AutoZone,Moe's Southwest Grill, Wingstop, and more.

Greenwood, Indiana generates 5.5 Billion in consumer spending power demonstrating the ability to sustain this investment. It's proximity to downtown Indy gives residents access to world-class entertainment and healthcare. With income per capita and household 15-20% above Indiana average and cost of living 9% less than average, I-65 & I-465 access, now is the right time to consider the opportunities this community has to offer. It is poised for continued growth within both the residential and commercial real estate markets with a healthy rebound post recession.

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

Jordan Klink
(317) 218-5316

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