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Starbucks Plaza 1950 Kessler Boulevard West Dr 5,936 SF 100% Leased Retail Building Indianapolis, IN 46228 $5,168,025 CAD ($870.62 CAD/SF) 5.64% Cap Rate
Investment Highlights
- Excellent Multi-Tenant Investment Opportunity
- Internet-resistant tenant mix and long-term occupancy history
- Multiple points of ingress and egress off both Michigan Rd and Kessler Blvd
- Fee Simple, Starbucks with drive-thru anchored 4 tenant retail center (over 3.5 miles to closest Starbucks drive thru)
- Extremely high visibility with approximately 45,000 vehicles per day on Michigan Rd and Kessler Blvd
- Infill location with over 240,000 population within 5 miles
Executive Summary
Starbucks anchored retail strip center available for sale. In addition to Starbucks, tenant include Castle Nail & Spa, Subway, and Simple Garden CBD. Strip is located at a highly-trafficked intersection.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
5,936 SF
Building Class
C
Year Built
2007
Price
$5,168,025 CAD
Price Per SF
$870.62 CAD
Cap Rate
5.64%
NOI
$291,316 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.47
Lot Size
0.29 AC
Zoning
ZO01
Parking
45 Spaces (7.58 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signalized Intersection
- Drive Thru
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 49-06-03-115-004.000-800 | Improvements Assessment | $785,678 CAD |
| Land Assessment | $352,528 CAD | Total Assessment | $1,138,206 CAD |
Property Taxes
Parcel Number
49-06-03-115-004.000-800
Land Assessment
$352,528 CAD
Improvements Assessment
$785,678 CAD
Total Assessment
$1,138,206 CAD
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Starbucks Plaza | 1950 Kessler Boulevard West Dr
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