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College Park Place Shopping Center 3643-3677 W 86th St 19,676 SF 100% Leased Retail Building Indianapolis, IN 46268 $5,618,578 CAD ($285.55 CAD/SF) 7.75% Cap Rate
INVESTMENT HIGHLIGHTS
- 100% Occcupied 19,676 SF Multi-Tenant Retail Asset Positioned Along W. 86th Street – One of Indianapolis’ Busiest Retail Arteries
- Reasonable Average Rents/SF of $15.94 With Many Tenants Having No Remaining Options
- Dense Demographics with 140,971 Residents Within 5 Miles and Strong Household Incomes Averaging $112,000
- Directly Surrounded by National Tenants Including Walmart, Costco, Lowes and Aldi
- Freestanding Tire Central and Service Building Included in Offering
- Strong Annual 5% Rent Bumps Scheduled in Option Periods on 62% of the GLA
EXECUTIVE SUMMARY
100% Occcupied 19,676 SF Multi-Tenant Retail Asset in Indianapolis, IN
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
19,676 SF
Building Class
B
Year Built
1984
Price
$5,618,578 CAD
Price Per SF
$285.55 CAD
Cap Rate
7.75%
NOI
$435,702 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.32
Lot Size
1.39 AC
Zoning
ZO01 - Refers to a specific land-use classification in a city's zoning code.
Parking
110 Spaces (5.45 Spaces per 1,000 SF Leased)
Frontage
185’ on W 86th St
AMENITIES
- Bus Line
- Pylon Sign
- Security System
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- 86 Fullbar Resto
- -
- 4,665 SF
- -
- Triple Net
- Oct 2032
- Tire Central and Service
- -
- 5,266 SF
- -
- Triple Net
- Nov 2028
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| 86 Fullbar Resto | - | 4,665 SF | - | Triple Net | Oct 2032 | |
| Tire Central and Service | - | 5,266 SF | - | Triple Net | Nov 2028 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $948,992 CAD | |
| Land Assessment | $1,205,152 CAD | Total Assessment | $2,154,144 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,205,152 CAD
Improvements Assessment
$948,992 CAD
Total Assessment
$2,154,144 CAD
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College Park Place Shopping Center | 3643-3677 W 86th St
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