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Highlights

  • Located on US Highway 31, providing high traffic counts and strong regional connectivity
  • Diverse tenant mix featuring top brands, specialty retail, dining options, and personal services
  • Situated in Carmel, an affluent community within the Indianapolis metropolitan area, ranked among the best U.S. cities for quality of life
  • Anchored by major national retailers including Walmart Superstore, Kohl’s, Hobby Lobby, Ross, and Menards
  • Easily accessible from multiple entry points with ample surface parking

Space Availability (2)

Display Rental Rate as

  • Space
  • Size
  • Term
  • Rental Rate
  • Rent Type
  • 1st Floor, Ste B11
  • 1,473 SF
  • Negotiable
  • Upon Request Upon Request Upon Request Upon Request
  • Triple Net (NNN)
Space Use
Retail
Availability
Now
  • Lease rate does not include utilities, property expenses or building services
  • 1st Floor, Ste E17
  • 2,400 SF
  • Negotiable
  • Upon Request Upon Request Upon Request Upon Request
  • Triple Net (NNN)
Space Use
Retail
Availability
Now
  • Lease rate does not include utilities, property expenses or building services
Space Size Term Rental Rate Rent Type
1st Floor, Ste B11 1,473 SF Negotiable Upon Request Upon Request Upon Request Upon Request Triple Net (NNN)
1st Floor, Ste E17 2,400 SF Negotiable Upon Request Upon Request Upon Request Upon Request Triple Net (NNN)

1st Floor, Ste B11

Size
1,473 SF
Term
Negotiable
Rental Rate
Upon Request Upon Request Upon Request Upon Request
Rent Type
Triple Net (NNN)
Space Use
Retail
Availability
Now

  • Lease rate does not include utilities, property expenses or building services

1st Floor, Ste E17

Size
2,400 SF
Term
Negotiable
Rental Rate
Upon Request Upon Request Upon Request Upon Request
Rent Type
Triple Net (NNN)
Space Use
Retail
Availability
Now

  • Lease rate does not include utilities, property expenses or building services

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 Village Park Plaza

  • Tenant
  • Description
  • US Locations
  • Reach
  • First Watch
  • Restaurant
  • 826
  • National
  • Five Below
  • Dollar/Variety/Thrift
  • 2,403
  • National
  • Massage Envy
  • Massage
  • 1,371
  • National
  • Once Upon A Child
  • Children Apparel
  • 578
  • International
  • OshKosh B'gosh
  • Children Apparel
  • 503
  • International
  • Ross Dress for Less
  • Discount Store
  • 2,358
  • International
Tenant Description US Locations Reach
First Watch Restaurant 826 National
Five Below Dollar/Variety/Thrift 2,403 National
Massage Envy Massage 1,371 National
Once Upon A Child Children Apparel 578 International
OshKosh B'gosh Children Apparel 503 International
Ross Dress for Less Discount Store 2,358 International

Property Facts

Total Space Available 3,873 SF
Property Type Retail
Property Subtype Storefront
Gross Leasable Area 60,000 SF
Total Land Area 7.51 AC
Year Built 1991
Parking Ratio 5.8/1,000 SF

About the Property

Village Park Plaza is a retail shopping center located on US 31 in Carmel, Indiana, between 146th Street and 151st Street. The site is anchored by Walmart, Hobby Lobby, Kohl’s, and Menards, and includes national retailers such as Ulta Beauty, Academy Sports + Outdoors, and Ross Dress for Less. The surrounding area comprises retail and commercial developments with direct access to US 31 and proximity to downtown Carmel and Indianapolis.

  • Pylon Sign
  • Signage
  • Car Charging Station

Attachments

Tenant Roster
Fairly walkable
50/100
Very drivable
80/100
Moderately bikeable
70/100

Nearby Major Retailers

BMO
Chase Bank
Huntington National Bank
Bank of America
Applebee's
Five Guys
Orangetheory Fitness
StretchLab
Club Pilates
Starbucks
  • Listing ID: 40391197

  • Date on Market: 2026-05-04

  • Last Updated:

  • Address: 1950 E Greyhound Pass, Carmel, IN 46033

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