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McCordsville Corner Shoppes 7419 N 600 W 5,380 SF 100% Leased 4-Star Retail Building McCordsville, IN 46055 $5,058,766 CAD ($940.29 CAD/SF) 6.35% Cap Rate
EXECUTIVE SUMMARY
Veritas Realty is pleased to present the exclusive opportunity to acquire the newly developed three tenant “Corner Shoppes” neighborhood retail center in McCordsville, IN (Indy MSA). Positioned on the NE side of Indianapolis, this center is perfectly positioned to capture the continued growth of Hancock County. Within a 1-mile radius there are 1,161 approved single family homes that will be delivered over the next several years including three adjacent neighborhoods Hampton Walk (200 SFH), Jacobi Farms (450 SFH), Colondale (246 SFH) and the new $50M mixed-use McCordsville Town Center. The center is 100% leased to three tenants and anchored by Qdoba. The new construction center features and end-cap drive through and 34 parking spaces.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
5,380 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2024
Price
$5,058,766 CAD
Price Per SF
$940.29 CAD
Cap Rate
6.35%
NOI
$321,232 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.12
Lot Size
0.99 AC
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McCordsville Corner Shoppes | 7419 N 600 W
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