Value-Add Retail Net Lease
5206 W 38th St, Indianapolis, IN 46254
A diversified net lease portfolio with value-add yield opportunity.
Type:Retail
Property size:
193,083 SF- Added:
- Jan 29, 2026
- Days on Market:
- 104
- Last Refresh:
- Mar 17 at 1:14 pm
Property Features for 5206 W 38th St
General Information
- Standard status
- Active
- Size
- 193,083 SF
- Property subtype
- Retail
Listing agent Alex Geanakos License #IL: #475.189621
Listing office JLL - New York City, New York
Listing date Jan 29, 2026
Source Crexi
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
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.
- Opportunity to acquire the entire portfolio, sub‑portfolios, or individual locations.
- Portfolio basis of $135 PSF, attractive relative to current construction costs.
- Diversification across six distinct credit profiles and varying lease expirations.
Overview
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Bike Parking
Bicycle Rack
Planet Fitness
Gym & Fitness Center
Location Insight
- Map
- Local Demand
- City
- Indianapolis
- County
- Hamilton
- State
- Indiana
- Longitude
- -86.079898
- Latitude
- 39.826135
Nearby Similar for Sale
FAQs
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.
