Oak Ridge Shoppes presents a rare opportunity to acquire a 100% leased, newly constructed (2019) retail strip center located in the high-growth market of Westfield, IN. Anchored by nationally recognized and regional tenants—including Tropical Smoothie Café, PT Solutions, and Thai Isaan—the property benefits from strong in-place cash flow with scheduled rent escalations and triple net leases. Located at a high-visibility intersection along State Road 32, the center is adjacent to Grand Park Sports Campus and numerous national retailers.
Tenants are responsible for taxes, insurance, and CAM, minimizing landlord obligations. The site features a durable tenant mix with service-based and dining concepts, and benefits from proximity to over 600 apartment units and a new Meijer store. With average rents over $35/SF and NOI of $449,777, this asset offers investors a stabilized 6.82% cap rate and long-term income growth potential.
The offering is ideal for out-of-state investors seeking a low-maintenance, recession-resistant retail investment in one of Indiana’s most affluent and fastest-growing communities.