College Park Place

Indianapolis | IN

Offering Summary

  • Status: active
  • Price: $3,900,000
  • CAP Rate: 8.00%
  • GLA: 19,676 SF
  • Net Operating Income: $312,125
  • Price/SF: $198
  • Year(s) Built: 1984
  • Lot Size (Acres): 1.392
  • Major Tenants: Tire Central and Service, Marabou House, Jordan Fish and Chicken, Amy African Hair Braiding
  • 100% Occupied 19,676 SF Multi-Tenant Retail Asset Positioned Along W. 86th Street – One of Indianapolis’ Busiest Retail Arteries
  • Directly Surrounded by National Tenants Including Walmart, Costco, Lowes and Aldi
  • Reasonable Average Rents/SF of $15.94 With Many Tenants Having No Remaining Options
  • Freestanding Tire Central and Service Building Included in Offering
  • Dense Demographics with 140,971 Residents Within 5 Miles and Strong Household Incomes Averaging $112,000
  • Strong Annual 5% Rent Bumps Scheduled in Option Periods on 62% of the GLA
  • New Roof in 2021 on Entire Property with 15 Year Warranty
  • Robust Consumer Spending of Nearly $2 Billion Annually Within 5 Miles
  • Indianapolis MSA – One of the Midwest’s Fastest-Growing Metros, Home to 2 Million Residents and Major Fortune 500 Employers
  • Strategic Positioning Along Heavily Traveled W. 86th St. with Direct Visibility & Access
  • Strong Retail Synergy – Adjacent to Power Center Retail and Multiple National Anchors Driving Regional Draw
  • High Daytime Population from Nearby Office & Medical Corridors
  • Median Home Values Above $290K in 5-Mile Radius, Supporting Upscale Retail Demand
  • Landlord-Favorable NNN Lease Structures
EXCLUSIVELY LISTED BY:

Craig Fuller

Senior Managing Director