$4,025,000 USD
216-264-2000
HIGHLIGHTS
- 100% Occcupied 19,676 SF Multi-Tenant Retail Asset Positioned Along W. 86th Street – One of Indianapolis’ Busiest Retail Arteries
- Directly Surrounded by National Tenants Including Walmart, Costco, Lowes and Aldi
- Reasonable Average Rents/SF of $15.94 With Many Tenants Having No Remaining Options
- Freestanding Tire Central and Service Building Included in Offering
- Dense Demographics with 140,971 Residents Within 5 Miles and Strong Household Incomes Averaging $112,000
- Strong Annual 5% Rent Bumps Scheduled in Option Periods on 62% of the GLA
FOR SALE DETAILS
PRICE
$4,025,000 USD
PRICE/SF
$199 USD /SF
CAP RATE
7.75%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
College Park Place Shopping Center
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1984
SPRINKLERS
-
PARKING SPACES
110
LAND DETAILS
LAND ACRES
1.39 AC
LAND SF
60,548 SF
ZONING
ZO01
APN/PARCEL ID
49-03-19-126-014.000-600
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216-264-2000
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216-264-2000
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