Log In/Sign Up
Your email has been sent.
2-Tenant Corporate-Backed Investment 10695 E US Highway 36 50,233 SF 100% Leased Retail Building Avon, IN 46123 $10,084,000 ($200.74/SF) 7.50% Cap Rate



INVESTMENT HIGHLIGHTS
- Prime Location: Located at the 50-Yard Line of one of the Most Highly Sought After Retail Corridors in Indianapolis
- 10+ Year WALT to Best-in-Class Retailers PetSmart & Bob’s Furniture
- At Entrance to 100% Occupied, 463,000 SF, Raceway Plaza Shopping Center
EXECUTIVE SUMMARY
Pegasus Investments Real Estate Advisory Inc., as exclusive advisor to seller, is pleased to present the rare opportunity to purchase a strategically located, two-tenant net leased investment property spanning 50,000 square feet of GLA on a large, 5.24-acre lot in the extremely desirable Avon submarket of Indianapolis, Indiana (the “Property”). The Property is strategically located at the 50-year line of the region’s dynamic Rockville Road retail corridor, providing prime visibility to 45,000 vehicles per day. The corridor features major retail tenancy including Target, Walmart Supercenter, Lowe’s Home Improvement, Kroger Grocery and a newly developed 160,000 square foot Costco Wholesale anchored shopping center. Additionally, the Property is located at the signalized entrance of Raceway Plaza, a 100% occupied, 463,000 square foot shopping center anchored by a 205,000 square foot Meijer grocery store and a garden-center equipped, 160,000 square foot Menard’s home improvement store, both of which corporately own their own real estate.
The Property features credit rated, industry leading tenancy from Bob’s Discount Furniture (S&P: “B”), the #8 ranked furniture store in the U.S. per Forbes and PetSmart (S&P: B+), the largest pet supply company in the U.S. Each tenant is secured by long-term, corporate, 10-year and 12-year leases respectively, with scheduled rent increases throughout their lease terms.
The Property features credit rated, industry leading tenancy from Bob’s Discount Furniture (S&P: “B”), the #8 ranked furniture store in the U.S. per Forbes and PetSmart (S&P: B+), the largest pet supply company in the U.S. Each tenant is secured by long-term, corporate, 10-year and 12-year leases respectively, with scheduled rent increases throughout their lease terms.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
50,233 SF
Building Class
B
Year Built
2008
Price
$10,084,000
Price Per SF
$200.74
Cap Rate
7.50%
NOI
$756,269
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
5.24 AC
Zoning
C - Commercial
Parking
223 Spaces (4.44 Spaces per 1,000 SF Leased)
Frontage
350’ on Rockville Road
AMENITIES
- 24 Hour Access
- Signage
- Signalized Intersection
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 32-09-08-202-002.000-031 | Improvements Assessment | $3,473,700 |
| Land Assessment | $1,782,600 | Total Assessment | $5,256,300 |
PROPERTY TAXES
Parcel Number
32-09-08-202-002.000-031
Land Assessment
$1,782,600
Improvements Assessment
$3,473,700
Total Assessment
$5,256,300
1 of 8
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
2-Tenant Corporate-Backed Investment | 10695 E US Highway 36
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.

