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5206 W 38Th St Indianapolis, IN 46254

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For Sale
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A diversified net lease portfolio with value-add yield opportunity.

Property size:
193,083 SF
Lot size:
18.30 Acres

Property Features for 5206 W 38Th St

General Information

Standard status
Active
Size
193,083 SF
Lot size
18.30 Acres

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Listing Contact
Alex Geanakos
Source: Crexi

Listing Agency: JLL - New York City, New York Listing Agent: Alex Geanakos

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

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Overview

Value-Add Retail Net Lease Portfolio

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.
Location Intelligence

Current Use by Public Records

Bike Parking Bicycle Rack Planet Fitness Gym & Fitness Center

Suggested Use

Real Estate Agency Restaurant Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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  • Local Demand
City
Indianapolis
County
Hamilton
State
Indiana
Longitude
-86.079898
Latitude
39.826135

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.
More about this property
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