5151 E 82nd St, Indianapolis, IN

Listing agent Jereme Snyder License #01809955 Show Phone

Listing office Colliers Show Phone

Listing date Aug 22, 2024

Source Moodyscre

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Colliers

Report an issue

---

Overview

This property offers investors the opportunity to purchase a PetSmart location in Castleton, Indiana, operating at this location for 24 years. The tenant recently extended their lease for a new 12-year term. The roof was replaced in 2017 by the tenant. The property is strategically located between The Fashion Mall at Keystone, anchored by Nordstrom, and the Castleton Square Mall, the largest mall in the state with 1.1 million square feet. Situated on 82nd Street, a high-traffic commercial thoroughfare, the location benefits from an Average Annual Daily Traffic (AADT) count exceeding 86,300 at its intersection. The surrounding trade area is characterized by an affluent demographic, with a population of over 168,400 residents and an average household income exceeding $121,000. The property is located near retailers including Trader Joes, Whole Foods, Chick-fil-A, REI, Fresh Thyme Market, HomeGoods, Floor & Decor, The Container Store, Lifetime Fitness, PGA Tour Superstore, and Nordstrom Rack. The property is approximately 26,290 square feet.

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Indianapolis

County

Hamilton

State

Indiana

Longitude

-86.0814

Latitude

39.9042

Nearby Similar for Sale

• 

  $685,000

  Restaurant/QSR With Drive-Thru Potential

  Restaurant-ready space with recent upgrades, signalized access, and prominent visibility along a major northside retail corridor.

  5527 N Keystone Avenue, Indianapolis, IN 46220

  View Details
• 

  $149,000

  6,022 SF

  Value-Add Commercial Opportunity in Indianapolis

  Four-unit commercial property for renovation and repositioning near downtown.

  3427 W Michigan Street, Indianapolis, IN 46222

  View Details
• 

  $550,000

  Hard-Corner Retail/Office Building

  C-3 zoned building on a hard corner with strong traffic exposure, onsite parking, and flexible retail or office use.

  5243 Rockville Road, Indianapolis, IN 46224

  View Details
• 

  $260,000

  1,996 SF

  Freestanding Office Building on Shadeland

  Single-story office building on 0.30 acres, C-1 zoning.

  1109 N Shadeland Avenue, Indianapolis, IN 46219

  View Details
• 

  $399,000

  2,274 SF

  Freestanding Office Building on Shadeland

  Single-story office building with C-1 zoning in Indianapolis.

  1101 N Shadeland Avenue, Indianapolis, IN 46219

  View Details
• 

  $560,000

  Flexible Office Building with Detached Garage

  C-1 zoned building with a fenced outdoor area and detached garage, suited for office or education-oriented uses.

  2131 E 54th Street, Indianapolis, IN 46220

  View Details
• 

  $2,475,000

  Renovated Office Flex Complex

  Multi-tenant office and flex space with common parking and five leasable suites offering flexible occupancy options.

  9130 Otis Avenue, Indianapolis, IN 46216

  View Details
• 

  $4,350,000

  Heavy Industrial Dock-High Warehouse

  49,000 SF heavy industrial facility with multiple dock-high doors, office buildout, and 16'4" clear height.

  2334 Production Drive, Indianapolis, IN 46241

  View Details
• 

  $1,000,000

  Corner Two-Tenant Retail and Auto Site

  Remodeled two-tenant corner property in C-5 zoning, positioned for retail and auto-related business uses near major corridors.

  1121 E Troy Avenue, Indianapolis, IN 46203

  View Details
• 

  $700,000

  Multi-Office Building with Private Parking

  Commercial-office building with 16 offices, large windows, and a private parking lot near major thoroughfares.

  1300 N Pennsylvania Street, Indianapolis, IN 46202

  View Details
• 

  $1,200,000

  Auto Shop with Paint Booth

  Automotive repair facility with a custom paint booth, office, and multiple work bays supported by front and rear vehicle access.

  7086 Southeastern Avenue, Indianapolis, IN 46239

  View Details
• 

  $1,499,999

  10,789 SF

  Keystone Avenue Redevelopment Opportunity

  1.63 acres with flexible zoning in evolving urban area.

  4498 North Keystone Avenue, Indianapolis, IN 46205

  View Details

FAQs

What type of property is this?

Retail space - Absolute NNN PetSmart with new 12-year lease in Castleton, IN.

Where is this retail space located?

The property is located at 5151 E 82nd St Indianapolis, IN.

What is the asking price?

The asking price for this property is $7,836,000.

What are key features of this property?

This property features: Absolute NNN Lease with PetSmart, offering a passive investment opportunity; New 12‑year lease term extension, providing long‑term stability; 24‑year operating history at this location, demonstrating strong performance