10695 Us Hwy 36 Indianapolis, IN 46234
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PetSmart & Bob's Discount Furniture, High NOI
Property size:
50,233 SFProperty Features for 10695 Us Hwy 36
General Information
- Property type
- Individual retail properties
- Square Feet
- 50,233 SF
- Lot Size
- 228,254 SF
Building Details
- Year Built/Renovated
- 2008/2024
- Buildings
- 1
- Stories
- 1
- Units
- 2
Listing Agency: Pegasus Investments Listing Agent: David Chasin
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional investment opportunity presents a 50,233 square foot, single-story retail building in Indianapolis, Indiana. Situated on a 5.24-acre lot with 223 parking spaces, the property boasts 100% occupancy with two corporate-backed tenants: PetSmart and Bob's Discount Furniture. Both tenants are secured by long-term leases (10+ years) with built-in rent bumps, providing stable income and significant upside potential. The property features a strong Net Operating Income (NOI) of $756,300 and a 7.15% cap rate. Built in 2008 and renovated in 2024, this prime location benefits from high visibility on a major retail corridor, experiencing 45,000 vehicles per day. The property is strategically positioned at the entrance to a large, successful shopping center, surrounded by other major retailers including Target, Walmart, Lowe's, Kroger, Costco, Meijer, and Menard's. The property's size and location offer excellent long-term fungibility. The asking price is $10,578,000, representing a price per square foot of $210.58. The property's address is 10695 E US Hwy 36, Indianapolis, IN 46234. APN: 32-09-08-202-002.000-031.
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Map
- City
- Indianapolis
- County
- Hendricks
- State
- Indiana
- Longitude
- -86.332358606439
- Latitude
- 39.762703467045
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FAQs
What type of property is this?
Individual retail property - PetSmart & Bob's Discount Furniture, High NOI
Where is this individual retail property located?
The property is located at 10695 Us Hwy 36 Indianapolis, IN.
What is the asking price?
The asking price for this property is $10,578,000.
What are key features of this property?
This property features: $10,578,000 asking price for a 50,233 square foot retail property.; Net lease investment with a 7.15% cap rate and $756,300 NOI.; 100% occupancy with two corporate tenants: PetSmart and Bob's Discount Furniture, secured by corporate guarantees.
