Listing Agency: Cushman & Wakefield | Indianapolis Show Phone

Listed By: Carmen Thompson Show Phone

Source: Moodyscre

Added: Aug 21, 2024 Changed: Jul 6 Last Checked: Jul 21 at 6:29AM

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Investment Insights

Based on property information with market context.

This neighborhood shopping center offers retail space for lease, including a 10,400-square-foot second-generation space. A new construction outparcel building is planned, offering between 4,000 and 6,000 square feet. The property benefits from strong traffic counts along three primary corridors and convenient interstate access, located one mile west of I-465 E. An Indygo Purple Line rapid transit station serves the property. A ground lease is available on a former restaurant pad, up to 1.0 acre. The zoning is C4. The surrounding area features new developments, including a Dollar Tree, Eskenazi Health - Arlington North, Cook Medical, and Indy’s Fresh Grocery.

Key Highlights

• High‑traffic location along 3 primary corridors.
• Convenient interstate access (one mile west of I‑465 E).
• Rapid transit station (Indygo Purple Line) serving the property.

Property Analytics

Property Profile

Current Use

Shopping centers

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Parking Lot & Garage Furniture & Home Goods Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

$4.20 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

411

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Market

Vacancy Rate% for Retail in Indianapolis, IN

6.6% 2019

7.4% 2020

6.4% 2021

5% 2022

4.7% 2023

4.6% 2024

4.8% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Shopping center - Retail space for lease in neighborhood shopping center.

Where is this shopping center located?

The property is located at 6970 Pendleton Pike Indianapolis, IN.

What is the lease rate?

The lease rate is $28 SF/Yr.

What are key features of this property?

This property features: High‑traffic location along 3 primary corridors.; Convenient interstate access (one mile west of I‑465 E).; Rapid transit station (Indygo Purple Line) serving the property.