7020 Shore Terrace, Indianapolis, IN 46254
For sale retail strip center in Indianapolis with 100% occupancy and multiple income-producing spaces.
- Added:
- Jun 5, 2026
- Days on Market:
- 5
- Last Refresh:
- Jun 7 at 1:48 am
Property Features for 7020 Shore Terrace
General Information
- Standard status
- Active
- Size
- 14,025 SF
- Property subtype
- Shopping Strip
Building Details
- Year Built
- 1985
Listing agent Nathan D. Whalen License #License(s): IN: RB14044775 (317) 218-5329
Listing office Marcus & Millichap | Indianapolis (317) 218-5329
Listing date Jun 5, 2026
Source Marcusmillichap
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 Marcus & Millichap | Indianapolis
HighLights
- Retail strip center in Indianapolis built in 1985
- 100% occupancy with multiple income‑producing spaces
Overview
The property is located at 7020 Shore Terrace in Indianapolis, Indiana. The listing is presented as a single retail strip purchase opportunity, with the public remarks noting an additional figure of 8.15%.
For buyers seeking a retail-focused acquisition with existing tenant occupancy, this property provides a straightforward setup: an operational strip center rather than a vacant-ground-up scenario. Prospective tenants and brokers should consider the merchandising fit that typically applies to strip retail, with available space operating under the property’s current occupied arrangement. As with any acquisition, due diligence will be important to confirm lease terms, tenant roster details, and how the reported 8.15% figure relates to the offer structure.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $277.7k | $19.80 |
| − Vacancy | −$22.5k | −$1.60 |
| EGI | $255.2k | $18.20 |
| − OpEx | −$76.6k | −$5.46 |
| NOI | $178.6k | $12.74 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Indianapolis
- County
- Hamilton
- State
- Indiana
- Longitude
- -86.2839697
- Latitude
- 39.830399
