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10695 Us Hwy 36 Indianapolis, IN 46234

Sponsored
For Sale
$10,578,000

PetSmart & Bob's Discount Furniture, High NOI

Property size:
50,233 SF

Description

Added:
Dec 11, 2024
Days on Market:
391
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 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

HighLights

  • $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.
  • Prime Indianapolis location on a highly sought‑after retail corridor, with excellent visibility and access.
  • Long‑term leases (10+ years Weighted Average Lease Term), featuring built‑in rent bumps.
  • 5.24‑acre lot with 223 parking spaces.
Property Profile Location Intelligence

Current Use by Public Records

Retail space

Map

City
Indianapolis
County
Hendricks
State
Indiana
Longitude
-86.332358606439
Latitude
39.762703467045

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.
More about this property
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