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13588 Bent Grass Ln 15,484 SF 100% Leased Retail Building Fishers, IN 46038 $6,098,000 ($393.83/SF) 6.50% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Prominent frontage and access on State Highway 37, a four-lane artery connecting Indianapolis’ northern suburbs.
  • Fishers, IN: #2 Best Suburb in Indianapolis (Niche 2024)
  • Median household income: $128,141
  • Surrounded by thriving retail, automotive, and residential developments.
  • 7.7% population growth since 2020; projected to reach 135,000 by 2040.
  • 100% leased under NNN structures with 2–3 renewal options and annual rent increases.

EXECUTIVE SUMMARY

Built in 2022, Bent Grass Marketplace is a modern, seven-tenant retail center ideally positioned along State Highway 37 in the fast-growing city of Fishers, Indiana, one of the most desirable suburbs in the Indianapolis MSA.
The property totals 12,484 SF on 2.11 acres, offering excellent visibility, access, and parking (109 surface spaces). Anchored by national and regional tenants, the center benefits from a strong daily traffic count of over 43,700 VPD and proximity to a Walmart Neighborhood Market and several auto dealerships.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
15,484 SF
Building Class
C
Year Built
2022
Price
$6,098,000
Price Per SF
$393.83
Cap Rate
6.50%
NOI
$396,333
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
2.07 AC
Parking
109 Spaces (7.04 Spaces per 1,000 SF Leased)
Frontage
416’ on Bent Grass Lane

AMENITIES

  • Corner Lot
  • Tenant Controlled HVAC

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Finance and Insurance
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000

The Charles Schwab Corporation is a leading financial services firm headquartered in Westlake, Texas. Founded in 1971 by Charles R. Schwab, the company pioneered discount brokerage services following deregulation in the mid-1970s. Today, Schwab offers a broad range of services including securities brokerage, wealth management, banking, asset management, and custody solutions. It operates through two main segments: Investor Services and Advisor Services, serving retail clients and independent investment advisors. Schwab manages trillions in client assets and maintains a significant branch network alongside robust digital platforms. The company is publicly traded on the New York Stock Exchange under the ticker symbol SCHW and is a component of the S&P 500. Its growth strategy includes technology-driven solutions and acquisitions, such as the integration of TD Ameritrade in 2020.

  • Chico's Barbershop
  • Services
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000
  • Curry Pizza House
  • Accommodation and Food Services
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000
  • Massage Lux
  • Services
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000
  • Parlor Doughnuts
  • Accommodation and Food Services
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000
  • Accommodation and Food Services
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000

Founded in 1991, Wayback started out as Jake’s Hamburgers, a spot offering high-quality but straightforward burgers, fries and shakes. “It would be nice to call it a stand, but our origins are a roadside hamburger shack in Delaware. It really was a shack with the bathrooms out back,” says Patrick Conlin, president of Jake’s Franchising, Wayback’s parent company. Despite this humble start, Jake’s was so successful that it opened additional locations and started franchising. Due to trademark considerations, the company evolved into Jake’s Wayback Burgers, then, years ago, simply Wayback Burgers. This is a fitting name for the concept, says Conlin, given the chain strives to transport customers “to a time when things were simpler, when things were made correctly and there was a commitment to doing the right thing.” At Wayback, this commitment translated into a front-of-the-house production kitchen.

  • Accommodation and Food Services
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000

Wingstop is a high-growth franchisor and operator of restaurants that specialize in cooked-to-order, handsauced and tossed chicken wings. Founded in 1994 in Garland, Texas, they pioneered the concept of wings as a “center-of-the-plate” item for all meal occasions. They offer numerous bold, distinctive and crave able flavors on bone-in and boneless chicken wings paired with hand-cut, seasoned fries and sides made fresh daily. Their menu is highly customizable for different dining occasions, and they believe it delivers a compelling value proposition for groups, families, and individuals.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Finance and Insurance 99,999 SF $9.99 Lorem Ipsum Jan 0000
Chico's Barbershop Services 99,999 SF $9.99 Lorem Ipsum Jan 0000
Curry Pizza House Accommodation and Food Services 99,999 SF $9.99 Lorem Ipsum Jan 0000
Massage Lux Services 99,999 SF $9.99 Lorem Ipsum Jan 0000
Parlor Doughnuts Accommodation and Food Services 99,999 SF $9.99 Lorem Ipsum Jan 0000
Accommodation and Food Services 99,999 SF $9.99 Lorem Ipsum Jan 0000
Accommodation and Food Services 99,999 SF $9.99 Lorem Ipsum Jan 0000

NEARBY MAJOR RETAILERS

Zaxby's
City Barbeque
Chase Bank
LA Fitness
Walmart Neighborhood Market
Lake City Bank
Del Toyota
Buffalo Wild Wings
Regions Bank
PNC Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
29-11-30-042-001.000-006
Land Assessment
$948,800
Improvements Assessment
$1,349,900
Total Assessment
$2,298,700
  • Listing ID: 38006840

  • Date on Market: 10/9/2025

  • Last Updated:

  • Address: 13588 Bent Grass Ln, Fishers, IN 46038

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