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Castleton Square Pavilion 5612-5769 Castleton Corner Ln 5,520 - 14,320 SF of Retail Space Available in Indianapolis, IN 46250
Highlights
- Power Center in the super-regional shopping district of Castleton Square Mall
- Rare 2nd Gen Restaurant Space Available
- Strong traffic generated by Castleton Square Mall & Costco
- Strong Family and Entertainment traffic drivers in the shopping center
Space Availability (2)
Display Rental Rate as
- Space
- Size
- Ceiling
- Term
- Rental Rate
- Rent Type
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor, Ste 5739 | 5,520-7,120 SF | 10’ - 12’ | Negotiable | $21.53 CAD/SF/YR $1.79 CAD/SF/MO $153,312 CAD/YR $12,776 CAD/MO | Triple Net (NNN) | |
| 1st Floor, Ste 5771 | 7,200 SF | - | Negotiable | $27.78 CAD/SF/YR $2.32 CAD/SF/MO $200,045 CAD/YR $16,670 CAD/MO | Triple Net (NNN) |
5739-5771 E 86th St - 1st Floor - Ste 5739
Retail Showroom space available for lease in highly sought-after 86th Street side of Castleton. 90 feet of storefront visibility with significant traffic drivers from Smiley Entertainment, Harbor Freight, Golf Galaxy, Game Show Battle Rooms, Bugambilias Mexican Cuisine, and more!
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- High Ceilings
- Finished Ceilings: 10’ - 12’
- Display Window
- Wheelchair Accessible
- 90 feet of storefront and signage opportunity
- Wide open retail showroom space
- Adjacent to Smiley Entertainment
5739-5771 E 86th St - 1st Floor - Ste 5771
Move-in ready, furnished, fully functional 2nd generation restaurant space located along E 86th Street, adjacent to Castleton Square Mall. 3-way liquor license owned by building, available for immediate Tenant use. Full hoods in place, dining and bar seating for up to 250 seats. Renovated in January 2026.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- Highly Desirable End Cap Space
- Anchor Space
- Plug & Play
- Furnished, fully functional restaurant space
- 3-way liquor license available for immediate use
- Renovated in January 2026
- Historic, 35+ year restaurant location
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Select Tenants at Castleton Square Pavilion
- Tenant
- Description
- US Locations
- Reach
- Bugambilias
- Restaurant
- 1
- Local
- Downtown Comics
- Card/Gifts
- 1
- Regional
- Game Show Battle Rooms
- Arts, Entertainment, and Recreation
- -
- -
- Harbor Freight Tools
- Hardware
- 1,699
- National
- Midwest Bartenders School Inc
- Other Services
- 1
- -
- S & S Salon
- Services
- 1
- -
| Tenant | Description | US Locations | Reach |
| Bugambilias | Restaurant | 1 | Local |
| Downtown Comics | Card/Gifts | 1 | Regional |
| Game Show Battle Rooms | Arts, Entertainment, and Recreation | - | - |
| Harbor Freight Tools | Hardware | 1,699 | National |
| Midwest Bartenders School Inc | Other Services | 1 | - |
| S & S Salon | Services | 1 | - |
Property Facts
About the Property
86th and Allisonville is the gateway to I-465 for East Carmel and West Fishers, 2 very affluent north side suburbs. Power Center in the super-regional shopping district of Castleton Square Mall Join Golf Galaxy, Harbor Freight Tools, Smiley Entertainment, and more in a very well-situated power center adjacent to Castleton Square Mall.
- Pylon Sign
- Signage
Nearby Major Retailers
Presented by
Castleton Square Pavilion | 5612-5769 Castleton Corner Ln
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