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MADISON MURRY ASSEMBLAGE CENTER 3 Retail Properties Offered at $3,487,301 CAD in Indianapolis, IN
Investment Highlights
- 100% occupied with service based tenants | Compromised of automotive focused tenants
- Modest and replaceable rents | Average rent per square foot is $10.19
- 240 feet of frontage along Madison Ave, which sees 18,709 vehicles per day | Near Interstates 465 & 65
- 4 out of 5 tenants operate on net leases | The 5th tenant pays a fixed amount covering their share of expenses
- Two tenants recently underwent expansions, demonstrating commitment to the site and continued customer demand
- 0.8 miles from University of Indianapolis campus, which serves 5,447 students
Executive Summary
This 100% occupied retail center features service-based, automotive-focused tenants with strong lease structures—four operating under net leases and the fifth paying a fixed expense share. Tenants demonstrate long-term commitment through recent expansions and scheduled rent escalations, including annual increases of 5–6% and CPI-based adjustments. The property benefits from a prime location along Madison Avenue with 240 feet of frontage and traffic counts exceeding 18,700 vehicles per day, just minutes from Interstates 465 and 65, downtown Indianapolis, and the airport. Surrounded by major retailers and key demand drivers such as the University of Indianapolis and the Indianapolis Industrial Center, the site enjoys a robust daytime population of over 74,000 within three miles and 371,000 within five miles. With modest, replaceable rents averaging $10.19/SF and strong tenant performance, this asset offers stable income and attractive growth potential in a high-traffic corridor.
Property Facts
| Price | $3,487,301 CAD | Number of Properties | 3 |
| Price / SF | $146.43 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 9.25% | Total Building Size | 23,816 SF |
| Sale Type | Investment | Total Land Area | 1.44 AC |
| Status | Active |
| Price | $3,487,301 CAD |
| Price / SF | $146.43 CAD / SF |
| Cap Rate | 9.25% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 23,816 SF |
| Total Land Area | 1.44 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 3307 S Madison Ave, Indianapolis, IN 46227 | Retail | 10,616 SF | 1974 | - |
| 685 E Murry St, Indianapolis, IN 46227 | Retail | 8,400 SF | 1974 | - |
| 3301-3307 S Madison Ave, Indianapolis, IN 46227 | Retail | 4,800 SF | 1956 | - |
Contacts
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Sean Sharko -
Phoebe Klein -
Austin Weisenbeck -
Sharko | Weisenbeck | Mendoza Group
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MADISON MURRY ASSEMBLAGE CENTER
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