3643 W 86th St - Auto Repair FOR SALE


Indianapolis, IN 46268- Augusta
$3,899,000 USD
317-750-2034
3643 W 86th St, Indianapolis, IN for Sale
$3,899,000 USD
Auto Repair - FOR SALE
1/11
null | 8.25% Cap Rate

3643 W 86th St
Indianapolis, IN 46268
Augusta


HIGHLIGHTS

  • 100 Percent Occupied, Goodyear Anchored Retail Center | Strong Tenant Mix | Recently Renovated
  • Goodyear and Jordan Fish and Chicken have been Operating at this Location since 2017, Quality Nails since 1999
  • Seven out of Eight Tenants have Net Leases | Half of the Tenants have Annual Rental Increases In-Place
  • Frontage Along W 86th Street, which Sees 35,282 Vehicles per Day
  • One Mile from the On/Off Ramp of Interstate 465, which Sees 115,39 Vehicles per Day
  • Major retail corridor | close proximity to 800-bed hospital and industrial corridor

OVERVIEW

College Park Shopping Center is a 100 percent occupied neighborhood retail center anchored by Goodyear and supported by a strong, service-oriented tenant mix. The property benefits from long-tenured occupancy, with key tenants operating at this location since 1999 and 2017, complemented by new leasing momentum from tenants signed between 2023 and 2025. Seven of eight tenants operate under net leases, half feature annual rent escalations, and multiple spaces have recently undergone extensive renovations. Positioned just off Interstate 465 (115,390 vehicles per day) with frontage along W 86th Street (35,282 vehicles per day), the center enjoys excellent visibility within a heavily traveled retail corridor. The property benefits from strong retail synergy with College Park Plaza, a nationally top-ranked shopping center located directly across the street, as well as other top-performing retailers in the area. It also benefits from close proximity to an 800-bed hospital and a dense industrial corridor to the west. The property is supported by a strong daytime population of 113,706 employees within a three-mile radius and an average household income of $130,792 within five miles.

FOR SALE DETAILS

PRICE

$3,899,000 USD

PRICE/SF

$742 USD /SF

CAP RATE

8.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

College Park Shopping Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

2.44 AC

LAND SF

106,286 SF

ZONING

CM

APN/PARCEL ID

49-03-19-126-014.000-600,49-03-19-126-015.000-600

ASK ABOUT THIS PROPERTY

Phoebe KleinSharko | Weisenbeck | Mendoza GroupMore Info
317-750-2034

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Phoebe KleinSharko | Weisenbeck | Mendoza GroupMore Info
317-750-2034

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