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Junction Plaza 1624-1644 E State Road 44 2,500 - 21,500 SF of Retail Space Available in Shelbyville, IN 46176
HIGHLIGHTS
- Junction Plaza is a heavily trafficked retail center, providing excellent space suitable for restaurant, retail, office, and medical uses.
- Ample parking is available for tenants and visitors located steps away from each welcoming storefront.
- Conveniently located along the highly visible and easily accessed E State Road 44 retail corridor with premier exposure and connectivity.
- Strong center tenants include Studio 10 Cinemas, Pizza Hut, Subway, Cabinet Barn, and Cholula Mexican Restaurant, a local favorite.
SPACE AVAILABILITY (4)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 1626 A/B/D | 2,500-10,000 SF | Negotiable | $13.13 CAD/SF/YR $1.09 CAD/SF/MO $131,338 CAD/YR $10,945 CAD/MO | Triple Net (NNN) | ||
| 1st Floor, Ste 1638 | 4,000 SF | Negotiable | $15.55 CAD/SF/YR $1.30 CAD/SF/MO $62,213 CAD/YR $5,184 CAD/MO | Triple Net (NNN) | ||
| 1st Floor, Ste 1640B | 5,000 SF | Negotiable | $13.83 CAD/SF/YR $1.15 CAD/SF/MO $69,125 CAD/YR $5,760 CAD/MO | Triple Net (NNN) | ||
| 1st Floor, Ste 1644 | 2,500 SF | Negotiable | $16.59 CAD/SF/YR $1.38 CAD/SF/MO $41,475 CAD/YR $3,456 CAD/MO | Triple Net (NNN) |
1624-1644 E State Road 44 - 1st Floor - Ste 1626 A/B/D
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
- Easy access to I-74
1624-1644 E State Road 44 - 1st Floor - Ste 1638
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
1624-1644 E State Road 44 - 1st Floor - Ste 1640B
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
1624-1644 E State Road 44 - 1st Floor - Ste 1644
2nd Gen. Medical with specialized care rooms each with private bathroom
- Lease rate does not include utilities, property expenses or building services
- Highly Desirable End Cap Space
- 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.
SITE PLAN
SELECT TENANTS AT JUNCTION PLAZA
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Bobcat Armament
- Other Retail
- 1
- Local
- Cholula Mexican Restaurant 4
- Restaurant
- 1
- Local
- Dr Tavel Family Eye Care
- Optical
- 19
- Local
- Enterprise Rent-A-Car
- Auto Rental
- 6,591
- International
- Pizza Hut
- Pizza
- 8,558
- International
- Studio 10 Cinemas LLC
- Cinema
- 8
- Regional
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Bobcat Armament | Other Retail | 1 | Local |
| Cholula Mexican Restaurant 4 | Restaurant | 1 | Local |
| Dr Tavel Family Eye Care | Optical | 19 | Local |
| Enterprise Rent-A-Car | Auto Rental | 6,591 | International |
| Pizza Hut | Pizza | 8,558 | International |
| Studio 10 Cinemas LLC | Cinema | 8 | Regional |
PROPERTY FACTS
| Total Space Available | 21,500 SF | Center Properties | 4 |
| Min. Divisible | 2,500 SF | Frontage | 855’ on IN-44 |
| Center Type | Neighborhood Center | Gross Leasable Area | 76,852 SF |
| Parking | 334 Spaces | Total Land Area | 41.52 AC |
| Stores | 16 | Year Built | 1977 |
| Total Space Available | 21,500 SF |
| Min. Divisible | 2,500 SF |
| Center Type | Neighborhood Center |
| Parking | 334 Spaces |
| Stores | 16 |
| Center Properties | 4 |
| Frontage | 855’ on IN-44 |
| Gross Leasable Area | 76,852 SF |
| Total Land Area | 41.52 AC |
| Year Built | 1977 |
ABOUT THE PROPERTY
Junction Plaza at 1624-1650 E State Road 44 is a bustling, approximately 74,000-square-foot shopping center on the outskirts of the Indianapolis metropolitan area. Various suites ranging in square footage are available, ready to accommodate a variety of users from traditional retail storefronts and restaurants to office opportunities for medical or other professional office tenants. Anchored by Studio 10 Cinemas and sporting a Pizza Hut, a Japanese Restaurant, and a local favorite, Cholula Mexican Restaurant, this recently acquired center is in the heart of the commercial district serving the growing Shelbyville region. Prominently located on Indiana State Highway 44 in Shelbyville, the property has incredible visibility and a seamless connection from Downtown Shelbyville to Interstate 74. Junction Plaza is easily accessible via several ingress/egress points and provides abundant on-site parking just steps away from each storefront. Shelbyville is a cozy suburban community about thirty miles southeast of Indianapolis, full of beautifully preserved historic buildings, quaint neighborhoods, and a vintage Downtown district. This vibrant area provides residents and visitors with a robust collection of amenities and conveniences, all within reach of Indiana’s biggest city. Woodcrest Capital welcomes first-time and franchise businesses to its centers with easy-to-read leases and flexible terms while also being sufficiently sophisticated to please the largest of national credit tenants. As a family-owned business with over 40 years in commercial real estate, Woodcrest owns and operates everything from Class A centers in the busiest neighborhoods to troubled centers it’s rehabilitating in struggling rural communities. Call today to find the right location for your business as Woodcrest usually has multiple retail opportunities in the immediate area.
NEARBY MAJOR RETAILERS
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Junction Plaza | 1624-1644 E State Road 44
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