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Southport Village Center 7021-7025 S Madison Ave 10,515 SF 100% Leased Retail Building Indianapolis, IN 46227 $2,775,032 CAD ($263.91 CAD/SF) 8% Cap Rate
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
$2,775,032 CAD
Price Per SF
$263.91 CAD
Cap Rate
8%
NOI
$222,009 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
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
- -
- -
- -
- -
PPG Paints is the retail paint store brand of PPG Industries, a global manufacturer of paints, coatings, and specialty materials. The company operates as a company-branded paint store serving professional contractors, property managers, and retail customers with architectural paint, coatings, primers, and related supplies. The store provides access to PPG’s interior and exterior paint systems, stains, and specialty coatings used in residential, commercial, and industrial applications.
- Southport Village Center
- Real Estate
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| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Jordan's fish and Chicken | Accommodation and Food Services | - | - | Triple Net | Jul 2019 | |
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|
Manufacturing | - | - | - | - | |
| Southport Village Center | Real Estate | - | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 49-15-18-141-007.000-513 | Improvements Assessment | $173,885 CAD |
| Land Assessment | $194,079 CAD | Total Assessment | $367,964 CAD |
Property Taxes
Parcel Number
49-15-18-141-007.000-513
Land Assessment
$194,079 CAD
Improvements Assessment
$173,885 CAD
Total Assessment
$367,964 CAD
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Southport Village Center | 7021-7025 S Madison Ave
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