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.