Log In/Sign Up
Your email has been sent.
Avis Anchored Auto Assemblage 82nd St 3 Retail Properties Offered at $2,228,010 CAD in Indianapolis, IN
Investment Highlights
- Avis Anchored Three-Building Auto Assemblage | Long-Operating History
- Avis and Vivid Automotive Recently Executed Lease Extensions, both Featuring 3 Percent Annual Rent Escalations
- Situated just off the Interchange of Interstates 465 and 69 | Frontage Along E 82nd Street, which Sees 49,029 Vehicles per Day
- Tons of Tires Executed an Early Five-Year Renewal with 5 Percent Annual Rent Increases
- Avis has been Operating at this Location Since 1986 | Co-branded Location Operated by Avis Rent a Car and Budget Rent a Car | Roof was Replaced May'26
- Directly in Front of an Indianapolis Castleton Office Park
Executive Summary
This Avis anchored three building auto assemblage is 100 percent occupied by a complementary mix of automotive tenants. Avis has operated at the site since 1986, demonstrating long term commitment. Both Avis and Vivid Automotive feature 3 percent annual rental increases. Tons of Tires executed an early five-year renewal with 5 percent annual rent increases. The property is strategically located just off the interchange of Interstates 465 and 69, which together sees approximately 289,600 vehicles per day, and has frontage along East 82nd Street with over 49,000 vehicles per day. The asset sits within a dominant retail corridor near Castleton Square Mall, ranked in the top 4 percent of U.S. shopping centers by visits, and is surrounded by national retailers. The site also benefits from proximity to key community anchors, including Community Hospital North and Lawrence North High School, within an affluent and dense trade area featuring over 114,000 employees within three miles and average household income near $120,000.
Data Room Click Here to Access
Property Facts
| Price | $2,228,010 CAD | Number of Properties | 3 |
| Price / SF | $224.51 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 8.50% | Total Building Size | 9,924 SF |
| Sale Type | Investment | Total Land Area | 1.10 AC |
| Status | Active |
| Price | $2,228,010 CAD |
| Price / SF | $224.51 CAD / SF |
| Cap Rate | 8.50% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 9,924 SF |
| Total Land Area | 1.10 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 6435 E 82nd St, Indianapolis, IN 46250 | Retail | 4,741 SF | 1978 | - |
| 6445 E 82nd St, Indianapolis, IN 46250 | Retail | 4,000 SF | 1996 | - |
| 6463 E 82nd St, Indianapolis, IN 46250 | Retail | 1,183 SF | 1986 | - |
1 1
Contacts
-
Phoebe Klein -
Sean Sharko -
Austin Weisenbeck -
Sharko | Weisenbeck | Mendoza Group
1 of 13
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Avis Anchored Auto Assemblage 82nd St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.