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Retail and Entertainment Power Center
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5753 E 86th St, Indianapolis, IN 46250

Retail and entertainment options in a well-situated power center.

Space SizeContact for details
Property Size63,176 SF
Days on Market2229

Property Features for 5753 E 86th St

General Information

Standard status Active
Size 63,176 SF
Property subtype Retail
Lease Type NNN

Building Details

Building Size 63,176 SF
Year Built 1986
Tenancy Multiple

Spaces For Lease

at 5753 E 86th St Contact us

5739 E 86th Street

Type
Retail
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: Shook Realty Group
Listed By: Creighton Shook · License #IN RB14044571
Source: Crexi
Added: Jul 26, 2020 Changed: Aug 27 Last Checked: Sep 1 at 7:08AM

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 Shook Realty Group

Investment Insights

Based on property information with market context.

This large power center features a variety of retail and restaurant services. The property is adjacent to Castleton Square Mall. Smiley Entertainment, a 23,000-square-foot virtual reality game center with jungle gyms, ball pits, food, and party rooms, is located within the center. Other tenants include Golf Galaxy, The RoomPlace, United Art and Education, Harbor Freight Tools, and Game Show Battle Rooms. Castleton Square Pavilion offers entertainment and retail options.

Key Highlights

  • Large power center with diverse retail and restaurant services.
  • Anchored by Smiley Entertainment, a 23,000 sq ft family entertainment venue.
  • Located adjacent to Castleton Square Mall.

Property Analytics

Current Use

Game Show Battle ... Arcade & Gaming Center

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store HVAC Service Storage Facility Garden Center Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$2.32 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,242
Businesses Nearby

Demographics for 46250, IN

19,156
Population
9,815
Households
2
Avg Household Size
35
Median Age
53%
College-Educated
96%
High-School Grad
7.7 sq mi
ZIP Area
2,488
Density / Sq Mi
$69,591
Median Household Income
$45,696
Median Earnings
$1,293
Median Rent
$288,900
Median Home Value

Market

Lease Benchmarks for Indianapolis, IN

$18.42 /SF/Yr
Avg Asking Price
$11.71–$27.5 /SF/Yr
Price Range
7,493 SF
Avg Space Size

This space is priced 16% below the average of $18.42 /SF/Yr.

Vacancy Rate% for Retail in Indianapolis, IN

6.6% 2019
7.4% 2020
6.4% 2021
5% 2022
4.7% 2023
4.6% 2024
4.8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Retail and entertainment options in a well-situated power center.
Where is this retail space located?
The property is located at 5753 E 86th St Indianapolis, IN.
What is the lease rate?
The lease rate is $15.50 SF/Yr.
What are key features of this property?
This property features: Large power center with diverse retail and restaurant services.; Anchored by **Smiley Entertainment**, a 23,000 sq ft family entertainment venue.; Located adjacent to Castleton Square Mall.
(317) 605-3723 Call to check price and availability
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