120 S Country Club Rd - Storefront FOR SALE


Indianapolis, IN 46234- Chapel Hill Ben Davis
$4,138,000 USD
630-570-2238
120 S Country Club Rd, Indianapolis, IN for Sale
$4,138,000 USD
Storefront - FOR SALE
1/10
null | 7.15% Cap Rate

120 S Country Club Rd
Indianapolis, IN 46234
Chapel Hill Ben Davis


HIGHLIGHTS

  • Net leased Range USA with nearly 10 years of term remaining
  • Range USA is the world’s largest operator of indoor gun ranges
  • 10% rental increases every five years, including in the 3, 5-year option periods
  • The most visited gun range within a 15-mile radius, attracting 58.1K annual visitors (Placer.ai)
  • Positioned on a large 4 acre lot with 85 parking spaces
  • Adjacent to Culver’s, Belle Tire, Extended Stay America, Barkefellers, Valvoline, and Omnicare

OVERVIEW

This net leased Range USA property was built in 2020 and has over 9 years of lease term remaining. Range USA is the world’s largest operator of indoor shooting ranges, and this location is the most visited gun range within a 15-mile radius, attracting 58,100 annual visitors. The net lease features 3, 5-year renewal options and 10% rental increases every five years, offering minimal landlord responsibilities. The property sits on a 4-acre parcel with 85 parking spaces near the signalized intersection of Country Club Road and U.S. Route 36, which sees 53,094 vehicles per day. The site is located 2.3 miles from Interstate 465, which sees approximately 166,798 vehicles per day. The surrounding retail corridor includes major national retailers such as Target, Menards, Fresh Thyme Market, Best Buy, Lowe’s, and Sam’s Club. The property benefits from a dense and growing trade area with 69,571 residents within three miles and had a 14.21% population growth within five miles from 2010–2020.

FOR SALE DETAILS

PRICE

$4,138,000 USD

PRICE/SF

$276 USD /SF

CAP RATE

7.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Range USA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

85

LAND DETAILS

LAND ACRES

4 AC

LAND SF

174,240 SF

ZONING

ZO01

APN/PARCEL ID

49-12-10-103-005.000-900

ASK ABOUT THIS PROPERTY

Sean SharkoSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2238

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Sean SharkoSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2238

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.