435 Town Ctr S Dr, Mooresville, IN 46158 - Retail FOR SALE


Mooresville, IN 46158
$3,988,500 USD
631-991-1525
435 Town Ctr S Dr, Mooresville, IN 46158, Mooresville, IN for Sale
$3,988,500 USD
Retail - FOR SALE
1/9
null | 7.5% Cap Rate

435 Town Ctr S Dr, Mooresville, IN 46158
Mooresville, IN 46158


HIGHLIGHTS

  • High-Visibility Location on a Major Retail Corridor
  • Fully leased to Tractor Supply Company and Ollie's Bargain Outlet strong credit tenants
  • Ample parking field to support high traffic volume.

OVERVIEW

Silber Investment Properties is pleased to present the exclusive listing of 435-437 Town Center South Drive Mooresville, Indiana a fully leased, two-tenant retail strip anchored by Tractor Supply Company and Ollie's Bargain Outlet, offered at $3,988,500 7.5% CAP. The property consists of approximately 54,993 square feet of retail space and is 100% occupied by two nationally recognized, credit-rated tenants. Tractor Supply (NASDAQ: TSCO | BBB S&P | 2,198+ locations) occupies 23,257 SF through May 2028 with three 5-year renewal options and 10% rent bumps at each option. Ollie's Bargain Outlet occupies 31,444 SF through January 2029 on a gross lease structure, with three 5-year renewal options and 6% increases at each option. The asset generates $395,410 in total income and $299,271 in NOI, with tax reimbursements and CAM recoveries providing additional landlord income. Both tenants carry built in rent growth, offering investors a natural hedge against inflation throughout the hold period. Located along State Road 67 with 31,620 vehicles per day, the property sits within the Mooresville Town Center trade area — one of the dominant retail corridors in the Indianapolis MSA. Surrounding national co-tenancy includes Walmart Supercenter, Menards, Meijer, Lowe's, Kroger, and Franciscan Health, reinforcing the location as an established retail destination with strong consumer draw. Built in 2018, the property offers investors a relatively new construction asset with a long remaining useful life on all major building systems.

FOR SALE DETAILS

PRICE

$3,988,500 USD

PRICE/SF

$73 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tractor Supply & Ollie's

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Freestanding, Garden Center, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Chris MadlonSilber Investment Properties, LTDMore Info
631-991-1525

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Chris MadlonSilber Investment Properties, LTDMore Info
631-991-1525

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