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4225 E 82nd St
Indianapolis, IN 46250
Retail Property For Sale

Investment Highlights

  • Essential Grocery-Anchored Retail Asset
  • NNN Leases with Limited Landlord Responsibilities
  • Excellent Visibility and Access
  • Successful Original Tenant Roster
  • Dynamic Retail Corridor
  • Dense, Affluent Demographics

Executive Summary

Northmarq is pleased to exclusively offer for sale the opportunity to acquire the 100% fee simple interest in the Fresh Thyme Anchored Center asset, a ±36,764 SF multi-tenant retail property located at 4225 E 82nd St | Indianapolis, IN 46250 (“The Property”). Situated on a ±3.78-acre parcel, the Property is fully occupied by Fresh Thyme Farmers Market, Comcast Xfinity, and Push! Fitness for Women. Each tenant is operating under NNN leases, with landlord responsibility limited to the roof and structural components of the premises, offering a passive investment opportunity.
The Property is located 11 miles northeast of downtown Indianapolis and is strategically positioned in a major retail corridor while surrounded by a robust demographic environment. The center benefits from its excellent access and visibility, with its proximity to major arterials, I-465 and I-69, connecting the Property with the greater Indianapolis area. Its signalized intersection location allows the tenants to capture customers from the traffic driven by the area's surrounding retail. The Property is located in a very dense retail corridor of Indianapolis, situated one mile from The Fashion Mall at Keystone, a shopping mall with over 120 stores and restaurants. Along with the strong surrounding retail, the Property serves a trade area of more than 174,000 people with an average household income of $123,227 within 5 miles.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
36,764 SF
Building Class
B
Year Built/Renovated
2008/2014
Price
$13,702,452 CAD
Price Per SF
$372.71 CAD
Cap Rate
7.25%
NOI
$993,428 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
3.78 AC
Zoning
C-S
Parking
200 Spaces (5.44 Spaces per 1,000 SF Leased)
Frontage
362’ on E 82nd St

Amenities

  • Signage

Property Taxes

Property Taxes

Parcel Number
49-02-20-110-013.002-800
Land Assessment
$3,342,022 CAD
Improvements Assessment
$5,455,391 CAD
Total Assessment
$8,797,413 CAD
  • Listing ID: 35115438

  • Date on Market: 2025-03-12

  • Last Updated:

  • Address: 4225 E 82nd St, Indianapolis, IN 46250

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