1950 Kessler Blvd Dr Indianapolis, IN 46228
- Lifestyle centers
- 5,936 SF
- 0.29 lot acres
Current Use by Public Records
- Isalis / Jewelry Store / Gift Shop
- Party City / Costume Store / Party Store
- Skunk Funk / Wholesaler / Clothing Store
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / Outdoor Clothing And Equipment Shop
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Indianapolis
- County
- Marion
- State
- Indiana
- Longitude
- -86.1953
- Latitude
- 39.8561
