8921 Us 31 Indianapolis, IN 46227

This exceptional investment opportunity presents a 35,838-square-foot storefront property in Indianapolis, Indiana, currently leased to Falling Prices under a Net Lease (NNN) agreement. The property boasts a strong 8.00% cap rate and an asking price of $4,112,411 ($114.75/sq ft). The lease, commencing March 1, 2023, and expiring February 28, 2033, has approximately 8.3 years remaining. The lease includes two 5-year option periods with a 2% annual rent increase throughout the original term and options. The tenant is responsible for common area maintenance (CAM), real estate taxes, and insurance premium reimbursements. This single-tenant building is strategically located on 2.93 acres at 8921 US 31 S, Indianapolis, IN 46227, benefiting from high visibility and traffic counts. The property enjoys a prime location immediately north of Greenwood Park Mall, a major retail hub anchored by well-known national brands. It's also surrounded by numerous other successful retail establishments, including Old Time Pottery, Ulta, TJ Maxx, and many more. The area boasts strong demographics, with average household incomes exceeding $65,000 within one mile, rising to over $98,000 within five miles. Daily traffic counts on US 31 exceed 34,000 vehicles, ensuring high exposure for the tenant and strong potential for future appreciation. This is a rare opportunity to acquire a stable, high-performing retail investment in a thriving Indianapolis market.