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    5151 E 82Nd St Indianapolis, IN 46250

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    For Sale
    $7,836,000

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

    Property size:
    26,290 SF
    Lot size:
    31.98 Acres

    Property Features for 5151 E 82Nd St

    General Information

    Size
    26,290 SF
    Lot size
    31.98 Acres

    Source: Colliers Agent Jereme Snyder

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

    Overview

    PetSmart NNN Lease Investment

    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.
    Insight Report Location Intelligence

    Current Use by Public Records

    Banfield Pet Hospital Animal Hospital ALDI Supermarket Michaels Art Supply Store Regions Bank Bank Justin Lucas - Regions ... Financial Consultant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop 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
    -86.08142
    Latitude
    39.904157

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    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
    (949) 724-5552
    Request Owner's contact information
    5151 E 82Nd St Indianapolis, IN 46250
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    Indianapolis, IN 46250
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5151 E 82Nd St Indianapolis, IN 46250
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