Single-Tenant Industrial
For Sale
Contact for pricing
5636 Progress Road, Indianapolis, IN 46241
Single-tenant industrial building in Park Fletcher Business Park, leased to Indiana Bell Telephone Company.
Property SizeContact for details
Days on Market122
Property Features for 5636 Progress Road
General Information
Standard status
Active
Property subtype
Industrial
Listing Agency:
The Boulder Group
(847) 562-0003
Listed By:
Randy Blankstein · License #IL 471005983
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 21 at 6:59AM
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 The Boulder Group
Investment Insights
Based on property information with market context.
This single-tenant industrial building offers a 30,600-square-foot facility leased to Indiana Bell Telephone Company, which now operates under the trade name AT&T Indiana. The property is located within Park Fletcher Business Park. The tenant recently executed a five-year lease that includes approximately 2% annual rental escalations and three separate three-year renewal option periods.
The property is positioned off the Interstate-465 and West Washington Street interchange. The interchange is described as experiencing combined traffic volume in excess of 163,440 vehicles per day, with easy access to Indianapolis International Airport and downtown Indianapolis. The immediate setting supports regional industrial activity tied to logistics, transportation, research, or international trade.
As an investment with an active lease structure, the property is presented on a single-tenant basis with renewal options and scheduled annual escalations.
The property is positioned off the Interstate-465 and West Washington Street interchange. The interchange is described as experiencing combined traffic volume in excess of 163,440 vehicles per day, with easy access to Indianapolis International Airport and downtown Indianapolis. The immediate setting supports regional industrial activity tied to logistics, transportation, research, or international trade.
As an investment with an active lease structure, the property is presented on a single-tenant basis with renewal options and scheduled annual escalations.
Key Highlights
- Single‑tenant 30,600 SF industrial building in Park Fletcher Business Park, leased to Indiana Bell Telephone Company (AT&T Indiana).
- Tenant is investment grade rated with an S&P rating of BBB+ (AT&T Indiana uses the AT&T Indiana trade name).
- Tenant executed a five‑year lease with approximately 2% annual rental escalations.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
550
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 46241, IN
33,568
Population
12,414
Households
2.7
Avg Household Size
33
Median Age
15%
College-Educated
73%
High-School Grad
23.9 sq mi
ZIP Area
1,405
Density / Sq Mi
$51,598
Median Household Income
$33,477
Median Earnings
$1,118
Median Rent
$111,500
Median Home Value
Market
Vacancy Rate% for Industrial in Indianapolis, IN
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Frequently Asked Questions
What type of property is this?
Warehouse - Single-tenant industrial building in Park Fletcher Business Park, leased to Indiana Bell Telephone Company.
Where is this warehouse located?
The property is located at 5636 Progress Road Indianapolis, IN.
What are key features of this property?
This property features: Single‑tenant 30,600 SF industrial building in Park Fletcher Business Park, leased to Indiana Bell Telephone Company (AT&T Indiana).; Tenant is investment grade rated with an S&P rating of BBB+ (AT&T Indiana uses the AT&T Indiana trade name).; Tenant executed a five‑year lease with approximately 2% annual rental escalations.
