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    1950 Kessler Blvd Dr Indianapolis, IN 46228

    Sponsored
    For Sale
    $3,750,000

    Indianapolis Shopping Center - High NOI

    Property size:
    5,936 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 5,936 square foot shopping center in Indianapolis, Indiana, presents a compelling investment opportunity. Boasting a 5.64% cap rate and a strong net operating income (NOI) of $211,383, this fully occupied, four-unit property offers a stable and attractive return. Built in 2007 on a 0.29-acre lot, the center features a desirable tenant mix including Starbucks (with a drive-thru and lease extending to 2/2033 with four 5-year options), Subway, Simple Garden CBD, and Castle Nails. The property benefits from its location at a highly trafficked, fully signalized intersection, experiencing approximately 45,000 vehicles daily. This infill location is surrounded by a densely populated trade area, with over 240,000 people residing within a 5-mile radius and strong average household incomes exceeding $106,777 within a 3-mile radius. Nearby retailers include Dollar Tree and a Walmart Neighborhood Market. The fee-simple ownership provides complete control and long-term potential. The quality construction and internet-resistant tenant mix contribute to a history of long-term occupancy, making this a truly exceptional investment opportunity. The property is less than 6 miles from downtown Indianapolis.

    Property Features for 1950 Kessler Blvd Dr

    General Information

    Property type
    Lifestyle centers
    Square Feet
    5,936 SF
    Lot Size
    12,632 SF

    Building Details

    Year Built
    2007
    Units
    4

    HighLights

    • Excellent multi‑tenant investment opportunity.
    • Fee‑simple, four‑tenant retail center anchored by a Starbucks with drive‑thru; over 3.5 miles to nearest competitor.
    • Starbucks lease extends to 2/2033 with four 5‑year options.
    • High‑quality construction.
    • Strong tenant mix with long‑term occupancy history.
    • High visibility, 45,000+ vehicles daily on Michigan Rd and Kessler Blvd.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.1952563
    Latitude
    39.8560737

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    FAQs

    What type of property is this?
    Lifestyle center - Indianapolis Shopping Center - High NOI
    Where is this lifestyle center located?
    The property is located at 1950 Kessler Blvd Dr Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $3,750,000.
    What are key features of this property?
    This property features: Excellent multi-tenant investment opportunity.; Fee-simple, four-tenant retail center anchored by a Starbucks with drive-thru; over 3.5 miles to nearest competitor.; Starbucks lease extends to 2/2033 with four 5-year options.
    Request Owner's contact information
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    Indianapolis, IN 46228
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1950 Kessler Blvd Dr Indianapolis, IN 46228
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