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Spring Mill Shops at Jackson Grant Village Spring Mill Road & 116th Street 1,300 - 15,000 SF of Retail Space Available in Carmel, IN 46032
HIGHLIGHTS
- Spring Mill Shops at Jackson Grant Village is a new project comprising roughly seven retail/restaurant spaces, a daycare, and a community building.
- Supported by established anchors in the vicinity, including several medical centers/hospitals, offices, high-end apartments, and affluent suburbs.
- Tap into a nation-leading trade area as the average annual household income of $175K within a 10-minute drive contributes to $1.1B in yearly spending.
- Featuring a sophisticated suburban-modern design with a large parking lot, a pergola, open patio options, and a freestanding restaurant opportunity.
- High-traffic address at the corner of the 116th Street and Spring Mill Road roundabout, passed by over 30,000 vehicles per day.
- Astounding growth predictions call for the population within a 3-mile radius to increase 18.22% by 2029, even after rising by 19% from 2020 to 2024.
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,300-15,000 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor
New build space with outparcel options, in-line storefronts, end-cap suites, and more coming to the newly built project. This represents approximately seven separate spaces that are highly flexible in use. The center sports a chic design and a buzzing atmosphere with mixed-use tenants surrounded by decorated outdoor patios. Users will be joining a day care and a community building.
- Space is in Excellent Condition
- Central Air Conditioning
- Professional Lease
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SITE PLAN
PROPERTY FACTS
| Total Space Available | 15,000 SF | Gross Leasable Area | 15,000 SF |
| Min. Divisible | 1,300 SF | Year Built | 2025 |
| Property Type | Retail | Construction Status | Under Construction |
| Total Space Available | 15,000 SF |
| Min. Divisible | 1,300 SF |
| Property Type | Retail |
| Gross Leasable Area | 15,000 SF |
| Year Built | 2025 |
| Construction Status | Under Construction |
ABOUT THE PROPERTY
Set up shop in one of the most exciting areas of the Indianapolis metro and explore the possibilities of these first-generation spaces presented by Spring Mill Shops. Spring Mill Shops at Jackson Grant Village is a new development bringing multiple buildings to the corner of the Spring Mill Road and 116th Street roundabout. The project is artfully designed to incorporate sleek, modern elements with a stylish suburban feel. There are opportunities for a standalone restaurant and street-facing storefront suites with features like sophisticated covered patios, outdoor seating, high-identity signage, and more. Whether users need to install a full commercial kitchen or have a boutique storefront, the wide range of size options can accommodate anyone. Tenants will also be joining a daycare and a community building to further activate the center. Mixed-use destinations surround Spring Mill Shops, highlighting the buzzing atmosphere of Carmel, Indiana. Jackson’s Grant subdivision, the Bridges of Carmel retail center, the new Steadman Apartments, IU Health North Hospital, Market District Supermarket, and several multi-story office buildings are all within a half-mile of the site, representing only a handful of the nearby hubs supporting co-traffic for Spring Mill Shops. Due to this proliferation of multifaceted hotspots, Carmel draws many of the region’s most affluent residents; in fact, there are about 1,300 households within a five-minute drive, and they report an average annual income of over $208,000. Demographic data indicates that the local population will continue its unprecedented growth in recent years, making this a perfectly timed opportunity to see business flourish in this powerhouse market.
- Courtyard
- Restaurant
- Signage
MARKETING BROCHURE
DEMOGRAPHICS
Demographics
NEARBY AMENITIES
RESTAURANTS |
|||
|---|---|---|---|
| Cafe Boundi | American | $ | 4 min walk |
| Potbelly | - | - | 4 min walk |
| Convivio | American | $$$$$ | 4 min walk |
| Tropical Smoothie Cafe | Juices | $ | 4 min walk |
| Jimmy John's | Fast Food | $ | 4 min walk |
| Starbucks | Cafe | $ | 6 min walk |
RETAIL |
||
|---|---|---|
| Tide Cleaners | Laundry | 4 min walk |
| CVS Pharmacy | Drug Store | 5 min walk |
| Yoga Six | Fitness | 5 min walk |
| Great Clips | Salon/Barber/Spa | 5 min walk |
HOTELS |
|
|---|---|
| Hyatt Place |
92 rooms
3 min drive
|
| Renaissance |
266 rooms
5 min drive
|
| element |
112 rooms
6 min drive
|
| Tribute Portfolio |
120 rooms
6 min drive
|
| Hampton by Hilton |
111 rooms
5 min drive
|
LEASING TEAM
LEASING TEAM
Keith Fried, Director of Leasing
Jason Fried, Senior Leasing Associate
Liz Morken, Senior Leasing Associate
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Spring Mill Shops at Jackson Grant Village | Spring Mill Road & 116th Street
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