6302 E 82nd St - Freestanding FOR SALE


Indianapolis, IN 46250- Castleton
$4,343,000 USD
561-620-9200
6302 E 82nd St, Indianapolis, IN for Sale
$4,343,000 USD
Freestanding - FOR SALE
1/7
null | 7.5% Cap Rate

6302 E 82nd St
Indianapolis, IN 46250
Castleton


HIGHLIGHTS

  • Heavy traffic
  • Nearby national tenants
  • High Visibility

OVERVIEW

100% occupied – 2 -tenant property with Goodwill and Patel Brothers Goodwill recent extension through 2039! Goodwill lease is Absolute NNN, TT responsible for Roof/HVAC/Structure Goodwill building is newer construction, 2008 Patel Bros long term tenancy of 10 years, top 1/3 in chain nationally for traffic Tenant’s pay their full pro-rata share of RE Taxes, Property and Liability Insurance and CAM. Net Operating Income: $325,793 Next to Castleton Square (Simon Mall) Strategically located in the heart of northeast Indianapolis' primary retail corridor, the property sits adjacent to Castleton Square Mall—Indiana’s largest shopping center with 1.38 million square feet and over 130 national and regional retailers. The offering is priced below current replacement cost, providing immediate value and attractive long-term cash flow. Surrounding demographics are strong, with a population of 170,816 within a five-mile radius, supporting continued tenant performance and positioning this asset as a secure, income-producing investment

FOR SALE DETAILS

PRICE

$4,343,000 USD

PRICE/SF

$140 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1977

SPRINKLERS

-

PARKING SPACES

109

LAND DETAILS

LAND ACRES

2.57 AC

LAND SF

111,949 SF

ZONING

C4

APN/PARCEL ID

49-02-22-101-007.000-400

ASK ABOUT THIS PROPERTY

David RothKin Properties, Inc.More Info
561-620-9200

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David RothKin Properties, Inc.More Info
561-620-9200

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