10695 Us Hwy Indianapolis, IN 46234
- Retail properties
- 50,233 SF
- 5.24 lot acres
Current Use by Public Records
- Retail properties
Property Details for 10695 Us Hwy
- Year built
- 2008
- Lot size
- 5.24 lot acres
- Property size
- 50,233 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Indianapolis
- County
- Hendricks
- State
- Indiana
- Longitude
- -86.3324
- Latitude
- 39.7627
