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Spring Mill Shopping Center 15966 Spring Mill Rd 1,500 - 30,527 SF of Retail Space Available in Westfield, IN 46074
HIGHLIGHTS
- Westfield is a growing suburban market and recently named “Best U.S. Suburb to Move to in 2021”
- Shares retail corridor with newly opened shops including Kroger, Starbucks, CVS, and more
- Affluent population with household incomes $125,000+ (5 mile radius)
SPACE AVAILABILITY (8)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,700-2,572 SF | 10 Years | Upon Request Upon Request Upon Request Upon Request | TBD | ||
| 1st Floor | 2,602 SF | 10 Years | Upon Request Upon Request Upon Request Upon Request | TBD | ||
| 1st Floor | 2,448 SF | 10 Years | Upon Request Upon Request Upon Request Upon Request | TBD | ||
| 1st Floor | 1,500 SF | 10 Years | Upon Request Upon Request Upon Request Upon Request | TBD | ||
| 1st Floor | 1,900-7,600 SF | 10 Years | Upon Request Upon Request Upon Request Upon Request | TBD | ||
| 1st Floor | 1,770-6,650 SF | 10 Years | Upon Request Upon Request Upon Request Upon Request | TBD | ||
| 1st Floor, Ste Phase 3, Building 1 | 1,570-3,464 SF | 10-15 Years | $39.09 CAD/SF/YR $3.26 CAD/SF/MO $135,393 CAD/YR $11,283 CAD/MO | Triple Net (NNN) | ||
| 1st Floor, Ste Phase 3, Building 1 | 1,700-3,691 SF | 10 Years | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) |
485 W 161st St - 1st Floor
Ground Lease or Build to Suit $100,000 per year ground rent
16030 Spring Mill Rd - 1st Floor
Space delivered in warm dark shell condition (HVAC Included)
- Located in-line with other retail
- Space is in Excellent Condition
16030 Spring Mill Rd - 1st Floor
Space delivered in warm dark shell condition (HVAC Included)
- Located in-line with other retail
- Space is in Excellent Condition
443 W 161st St - 1st Floor
Space delivered in cold dark shell condition
- Located in-line with other retail
- Space is in Excellent Condition
15933 Spring Mill Depot Dr - 1st Floor
Space delivered in cold dark shell condition
- Located in-line with other retail
- Space is in Excellent Condition
15960 Spring Mill Rd - 1st Floor
Space delivered in cold dark shell condition
- Located in-line with other retail
- Space is in Excellent Condition
15966 Spring Mill Rd - 1st Floor - Ste Phase 3, Building 1
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
- Space is in Excellent Condition
15966 Spring Mill Rd - 1st Floor - Ste Phase 3, Building 1
Space delivered in cold dark shell condition
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
- Space is in Excellent Condition
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT SPRING MILL SHOPPING CENTER
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Ace Hardware
- -
- -
- -
- B's Bagels
- Accommodation and Food Services
- -
- -
- Chi Nails
- Services
- -
- -
- Face Foundrie
- Retailer
- -
- -
- MyGym
- Retailer
- -
- -
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Ace Hardware | - | - | - |
| B's Bagels | Accommodation and Food Services | - | - |
| Chi Nails | Services | - | - |
| Face Foundrie | Retailer | - | - |
| MyGym | Retailer | - | - |
PROPERTY FACTS
| Total Space Available | 30,527 SF | Center Properties | 6 |
| Min. Divisible | 1,500 SF | Gross Leasable Area | 30,000 SF |
| Center Type | Strip Center | Total Land Area | 19.60 AC |
| Stores | 6 | Year Built | 2025 |
| Total Space Available | 30,527 SF |
| Min. Divisible | 1,500 SF |
| Center Type | Strip Center |
| Stores | 6 |
| Center Properties | 6 |
| Gross Leasable Area | 30,000 SF |
| Total Land Area | 19.60 AC |
| Year Built | 2025 |
ABOUT THE PROPERTY
* New 15,000 sf, Ace Hardware anchored retail center located on the southwest corner of 161st and Spring Mill Rd. in Westfield, IN * Part of a three-phase project within a 10-acre development, tenants in nearby completed retail buildings include Face Foundrie, B’s Bagels, Rise ‘n Roll Bakery, Chi Nails, and My Gym * 6,650 SF outlot available * 7,600 SF outlot available
NEARBY MAJOR RETAILERS
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Spring Mill Shopping Center | 15966 Spring Mill Rd
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