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Valley Ridge Shops | Indianapolis, IN 5220 E Southport Rd 13,842 SF 100% Leased Retail Building Indianapolis, IN 46237 $4,894,133 CAD ($353.57 CAD/SF) 6.85% Cap Rate

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INVESTMENT HIGHLIGHTS

  • 100% Occupied, 13,842 Square-Foot, Multi-Tenant Retail Center in a High-Traffic Commercial Corridor
  • Low Replaceable Rents: Average Rent per Square Foot Is $17.10, Which Is Below Market for This Retail Corridor
  • Notable Anchor Tenants Nearby Include Meijer, Aldi, Menards, Target, Home Depot, and Kohl’s
  • 100% Internet-Resistant Tenancy: Food, Beauty Services, and Financial Services
  • Nearby Traffic Counts Are in Excess of 65,000 CPD at Emerson and Southport Road
  • Dense, Affluent Demographics: Indianapolis MSA Has a Population in Excess of 2 Million People

EXECUTIVE SUMMARY

100% Occupied Neighborhood Retail Center | $121,000 AHHI | 60,000+ CPD at intersection

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
13,842 SF
Building Class
B
Year Built
2004
Price
$4,894,133 CAD
Price Per SF
$353.57 CAD
Cap Rate
6.85%
NOI
$335,248 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
1.58 AC
Zoning
C-1
Parking
88 Spaces (6.36 Spaces per 1,000 SF Leased)
Frontage
300’ on E Southport Rd

AMENITIES

  • Signage

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Burnt Out Baker
  • -
  • -
  • -
  • -
  • Jul 2026
  • Eye Lash
  • -
  • -
  • -
  • Triple Net
  • -
  • Finance and Insurance
  • -
  • $23.44 CAD
  • Triple Net
  • Jan 2022

MidCountry Bank is a full-service bank headquartered in Bloomington, MN. Their 13 branch locations are actively engaged in their communities to provide high quality, diversified financial services and solutions to customers to meet their personal, business and professional banking needs. Their extensive scope of banking, cash management, equipment leasing, mortgage, insurance and investment products, tools and services makes them a solid financial ally. Innovative ideas and investing in technology keeps MidCountry Bank moving forward to continually serve customers in the best possible way. MidCountry Bank’s products and services empower customers to bank how, when, and where they choose.

  • Hot Box Pizza
  • Retailer
  • -
  • $18.01 CAD
  • Triple Net
  • Mar 2026
  • Longardner Investments, Inc
  • -
  • -
  • -
  • -
  • -
  • Arts, Entertainment, and Recreation
  • -
  • -
  • -
  • -

Orangetheory is an all-in-one, dynamic blend of strength and cardio training that supercharges metabolism to burn more calories and build lean muscle. Their coaches guide people through science-backed workouts designed for all fitness levels. And with OTconnectTM, data is captured in real time to track progress and celebrate the wins. Unlike high-intensity training (HIIT), Orangetheory uses variable-intensity intervals that work for a much broader range of fitness levels. With expert guidance from a triple-certified coach and real-time data from OTconnectTM, it feels like a very personalized experience: People will quickly figure out what’s working for them — when to push and when to ease off to recover.

  • Skin Renew
  • Services
  • -
  • $22.18 CAD
  • Triple Net
  • Sep 2025
  • Whiskey Business
  • Services
  • -
  • -
  • -
  • May 2025
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Burnt Out Baker - - - - Jul 2026
Eye Lash - - - Triple Net -
Finance and Insurance - $23.44 CAD Triple Net Jan 2022
Hot Box Pizza Retailer - $18.01 CAD Triple Net Mar 2026
Longardner Investments, Inc - - - - -
Arts, Entertainment, and Recreation - - - -
Skin Renew Services - $22.18 CAD Triple Net Sep 2025
Whiskey Business Services - - - May 2025

NEARBY MAJOR RETAILERS

9Round
Biggby Coffee
Chase Bank
Regions Bank
Bank of America Corporation
O'Charley's
LongHorn Steakhouse
Carrabba’s Italian Grill
Starbucks
Meijer

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
49-15-10-110-006.000-300
Land Assessment
$607,511 CAD
Improvements Assessment
$981,448 CAD
Total Assessment
$1,588,959 CAD
  • Listing ID: 38856834

  • Date on Market: 2025-12-22

  • Last Updated:

  • Address: 5220 E Southport Rd, Indianapolis, IN 46237

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