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Greenbrook Shoppes 8245-8335 S US Highway 31 56,992 SF 100% Leased Retail Building Indianapolis, IN 46227 $12,061,385 CAD ($211.63 CAD/SF) 8% Cap Rate
Investment Highlights
- 100% Occupied 56,992 SF Shopping Center Positioned Along US-31 (S. Meridian St) | High Visibility in Major Indianapolis Corridor
- New Roof in 2024 with 15 Year Warranty Over Circle City Bargains, Abuelito Mexican and Ichiban
- Below Market Average Rent/SF of $13.87 with 18% of the GLA Having No Options
- Discount Tire Recently Renovated Their Entire Store at Own Cost of Over $300,000
- Dense Demographics – Over 209K People in 5-Mile Radius | Avg. Household Income Exceeding $83,000
- Excellent Ingress/Egress Along US-31 | Positioned in a Retail Node with Heavy Commuter & Destination Traffic
Executive Summary
100% Occupied 56,992 SF Shopping Center in Indianapolis, IN
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
56,992 SF
Building Class
B
Year Built
1986
Price
$12,061,385 CAD
Price Per SF
$211.63 CAD
Cap Rate
8%
NOI
$965,105 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
5.53 AC
Zoning
C-5 - Commercial
Frontage
703’ on U.S. 31 South
Amenities
- Signage
Nearby Major Retailers
Property Taxes
| Parcel Number | 49-15-19-113-005.000-500 | Improvements Assessment | $2,362,885 CAD |
| Land Assessment | $2,594,289 CAD | Total Assessment | $4,957,175 CAD |
Property Taxes
Parcel Number
49-15-19-113-005.000-500
Land Assessment
$2,594,289 CAD
Improvements Assessment
$2,362,885 CAD
Total Assessment
$4,957,175 CAD
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Greenbrook Shoppes | 8245-8335 S US Highway 31
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