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Southport Village Center 7021-7025 S Madison Ave 10,515 SF 100% Leased Retail Building Indianapolis, IN 46227 $2,820,300 CAD ($268.22 CAD/SF) 8% Cap Rate

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INVESTMENT HIGHLIGHTS

  • 100% Occupied 10,515 SF Strip Center Positioned Along Madison Avenue – High-Traffic Corridor Through Southport
  • Located at Hard Corner of Madison Ave and E Southport Rd Seeing 48,000 VPD Combined
  • Grocery Store Renewed a Year Early on a 10-Year Lease
  • Landlord-Favorable Structure with NNN Lease – Tenants Responsible for Taxes, Insurance & CAM
  • Dense Demographics with 214,000+ Residents Within 5 Miles $83,500 Avg. HH Income
  • New Roof in 2025 on Entire Building with 15 Year Warranty

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
10,515 SF
Building Class
B
Year Built
1961
Price
$2,820,300 CAD
Price Per SF
$268.22 CAD
Cap Rate
8%
NOI
$225,631 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.31
Lot Size
0.78 AC
Parking
20 Spaces (1.9 Spaces per 1,000 SF Leased)
Frontage
106’ on Madison Ave

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Jordan's fish and Chicken
  • Accommodation and Food Services
  • -
  • -
  • Triple Net
  • Jul 2019
  • Manufacturing
  • -
  • -
  • -
  • -

Ce sont des experts, des innovateurs, des leaders et des partenaires. Ils font plus que peindre. Ils collaborent avec leurs clients pour obtenir des résultats réussis pour chaque projet, à chaque fois. Ils ont bâti au cours de leurs nombreuses années la croissance et l'évolution de l'industrie de la peinture. Informé par leur portée mondiale et leur compréhension des besoins des clients sur le marché mondial. Flexible et fiable - ils pensent sur leurs pieds et sont là lorsque les clients ont besoin d'un partenaire. Alimentés par leur passion et leur curiosité pour aider les clients à relever leur prochain défi.

  • Southport Village Center
  • Real Estate
  • -
  • -
  • -
  • -
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Jordan's fish and Chicken Accommodation and Food Services - - Triple Net Jul 2019
Manufacturing - - - -
Southport Village Center Real Estate - - - -

NEARBY MAJOR RETAILERS

PNC Bank
Outback Steakhouse
IHOP
Metro Diner
KeyBank
Woodforest National Bank
The YMCA
Boston Market
City Barbeque
Noodles & Company

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
49-15-18-141-007.000-513
Land Assessment
$197,974 CAD
Improvements Assessment
$177,375 CAD
Total Assessment
$375,349 CAD
  • Listing ID: 38352641

  • Date on Market: 2025-11-06

  • Last Updated:

  • Address: 7021-7025 S Madison Ave, Indianapolis, IN 46227

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