3535 S Emerson Ave - Storefront FOR SALE


Beech Grove, IN 46107
$8,862,800 USD
248-419-3271
3535 S Emerson Ave, Beech Grove, IN for Sale
$8,862,800 USD
Storefront - FOR SALE
1/7
null | 7.75% Cap Rate

3535 S Emerson Ave
Beech Grove, IN 46107


OVERVIEW

Fortis Net Lease is please to present Churchman Hill Plaza, a stabilized core-plus retail property with immediate income yield and long-term value creation optionality. The asset offers durable in-place cash flow supported by a diversified tenant roster anchored by investment-grade national credit tenants (Dollar Tree and Dollar General) alongside essential service, food, wellness, and neighborhood retail uses. Occupancy stability is reinforced by multiple tenants with 10–40+ year operating histories at the site, demonstrating long-term location viability and tenant stickiness. The offering is priced at an 8.00% going-in cap rate based on $583,517.91 NOI, providinga strong yield premium relative to comparable stabilized retail assets while maintainingdownside protection through diversified income streams and non-discretionary tenantcategories. Embedded lease escalations and rollover mark-to-market opportunitiesprovide organic NOI growth without reliance on speculative leasing. The 8.49-acre land footprint introduces meaningful long-term optionality through potential pad site development, rent increase on lease rollovers (many tenants without option periods), redevelopment potential and leasing up vacancies, creating multiple value-creation paths beyond passive income. This land component materially enhances risk-adjusted return potential and provides a strategic hedge against long-term retail evolution.

FOR SALE DETAILS

PRICE

$8,862,800 USD

PRICE/SF

$121 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1969

SPRINKLERS

-

PARKING SPACES

340

LAND DETAILS

LAND ACRES

8.49 AC

LAND SF

369,824 SF

ZONING

C3

APN/PARCEL ID

49-10-27-123-005.000-302

ASK ABOUT THIS PROPERTY

Kyle CarsonFortis Net LeaseMore Info
248-419-3271

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Kyle CarsonFortis Net LeaseMore Info
248-419-3271

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