1950 Kessler Blvd Dr Indianapolis, IN 46228

Property Details for 1950 Kessler Blvd Dr

Year built

2007

Lot size

0.29 lot acres

Property size

5,936 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

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.