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3535 S Emerson Ave 72 983 pi² 100% Loué Commerce de détail Immeuble Beech Grove, IN 46107 12 044 545 $ CAD (165,03 $ CAD/pi²) 7,75% Taux de capitalisation
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Résumé de l'annonce
Fortis Net Lease is please to present Churchman Hill Plaza, a stabilized core-plus retail property with immediate income yield and long-term value creation optionality. The
asset offers durable in-place cash flow supported by a diversified tenant roster anchored by investment-grade national credit tenants (Dollar Tree and Dollar General)
alongside essential service, food, wellness, and neighborhood retail uses. Occupancy stability is reinforced by multiple tenants with 10–40+ year operating histories at the
site, demonstrating long-term location viability and tenant stickiness.
The offering is priced at an 8.00% going-in cap rate based on $583,517.91 NOI, providinga strong yield premium relative to comparable stabilized retail assets while maintainingdownside protection through diversified income streams and non-discretionary tenantcategories. Embedded lease escalations and rollover mark-to-market opportunitiesprovide organic NOI growth without reliance on speculative leasing.
The 8.49-acre land footprint introduces meaningful long-term optionality through potential pad site development, rent increase on lease rollovers (many tenants without
option periods), redevelopment potential and leasing up vacancies, creating multiple value-creation paths beyond passive income. This land component materially enhances
risk-adjusted return potential and provides a strategic hedge against long-term retail evolution.
asset offers durable in-place cash flow supported by a diversified tenant roster anchored by investment-grade national credit tenants (Dollar Tree and Dollar General)
alongside essential service, food, wellness, and neighborhood retail uses. Occupancy stability is reinforced by multiple tenants with 10–40+ year operating histories at the
site, demonstrating long-term location viability and tenant stickiness.
The offering is priced at an 8.00% going-in cap rate based on $583,517.91 NOI, providinga strong yield premium relative to comparable stabilized retail assets while maintainingdownside protection through diversified income streams and non-discretionary tenantcategories. Embedded lease escalations and rollover mark-to-market opportunitiesprovide organic NOI growth without reliance on speculative leasing.
The 8.49-acre land footprint introduces meaningful long-term optionality through potential pad site development, rent increase on lease rollovers (many tenants without
option periods), redevelopment potential and leasing up vacancies, creating multiple value-creation paths beyond passive income. This land component materially enhances
risk-adjusted return potential and provides a strategic hedge against long-term retail evolution.
Faits sur la propriété
Type de vente
Investissement
Type de propriété
Commerce de détail
Sous-type de propriété
Boutique
Taille du bâtiment
72 983 pi²
Classe d’immeuble
B
Année de construction/rénovation
1969/1986
Prix
12 044 545 $ CAD
Prix par pi²
165,03 $ CAD
Taux de capitalisation
7,75%
Revenu net d’exploitation
933 452 $ CAD
Pourcentage loué
100%
Location
Multiples
Hauteur du bâtiment
1 étage
Quais de chargement
2 Extérieur
Coefficient d’occupation des sols de l’immeuble
0,20
Taille du lot
8,49 AC
Zonage
C3 - Commercial
Stationnement
340 places (4,66 places par 1 000 pi² loué)
Façade
Commodités
- Enseigne sur pylône
- Affichage
- Accessible aux fauteuils roulants
- Climatisation
- Détecteur de fumée
Principaux détaillants à proximité
Impôts fonciers
| Numéro de lot | 49-10-27-123-005.000-302 | Évaluation des bâtiments | 648 917 $ CAD |
| Évaluation du terrain | 1 188 461 $ CAD | Évaluation totale | 1 837 378 $ CAD |
Impôts fonciers
Numéro de lot
49-10-27-123-005.000-302
Évaluation du terrain
1 188 461 $ CAD
Évaluation des bâtiments
648 917 $ CAD
Évaluation totale
1 837 378 $ CAD
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3535 S Emerson Ave
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