Value-Add Retail Net Lease
For Sale
Contact for pricing
5206 W 38th St, Indianapolis, IN 46254
A diversified net lease portfolio with value-add yield opportunity.
Property Size193,083 SF
Days on Market204
Property Features for 5206 W 38th St
General Information
Standard status
Active
Size
193,083 SF
Property subtype
Retail
Zoning
RC
Listing Agency:
JLL - New York City, New York
Listed By:
Alex Geanakos · License #IL: #475.189621
Source:
Crexi
Added: Jan 29
Changed: Aug 8
Last Checked: Aug 8 at 2:43PM
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 JLL - New York City, New York
Investment Insights
Based on property information with market context.
This is a unique opportunity to acquire a 7-asset collection of single-tenant net lease retail featuring tenancy across a wide array of retail segments. Comprising over 193,000 square feet, the portfolio is well-diversified geographically. It features approximately $1.96 million of net operating income with approximately 4.1 years of weighted average remaining lease term. The portfolio represents a highly attractive portfolio basis given current construction costs, while also offering exposure to six distinct credit profiles with multiple retail sub-sectors. The portfolio is diversified across various credits and locations, and also in physical asset types and scheduled lease expirations, providing numerous risk mitigants and flexibility in investment strategy. Further, the portfolio features an attractive blended rental rate across the assets, offering investors significant mark-to-market opportunities. This opportunity offers investors the ability to acquire a diversified net lease portfolio of scale with assets that are occupied by some of the leading net-lease tenants across the U.S. The portfolio presents a highly attractive, value-add yield opportunity rarely available via single-tenant acquisitions in the net lease retail credit market. Investors may bid on the entire portfolio, sub-portfolios of any mix of locations, or individual locations on a one-off basis. A Call for Offers will be announced in the coming weeks, which will be communicated to all interested investors.
Key Highlights
- Diversified 7‑asset net lease retail portfolio across various retail segments and geographic locations.
- Attractive value‑add yield opportunity with a blended rental rate of $11 PSF, offering mark‑to‑market potential.
- Approximately $1.96 million of net operating income.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
267
Businesses Nearby
Explore this area
Business Placement
Demographics for 46254, IN
40,162
Population
17,955
Households
2.2
Avg Household Size
33
Median Age
32%
College-Educated
89%
High-School Grad
12.6 sq mi
ZIP Area
3,187
Density / Sq Mi
$57,825
Median Household Income
$36,883
Median Earnings
$1,021
Median Rent
$175,700
Median Home Value
Market
Vacancy Rate% for Retail in Indianapolis, IN
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - A diversified net lease portfolio with value-add yield opportunity.
Where is this retail space located?
The property is located at 5206 W 38th St Indianapolis, IN.
What are key features of this property?
This property features: Diversified 7‑asset net lease retail portfolio across various retail segments and geographic locations.; Attractive value‑add yield opportunity with a blended rental rate of $11 PSF, offering mark‑to‑market potential.; Approximately $1.96 million of net operating income.
