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2610-2650 E Conner St
Noblesville, IN 46060
Noblesville Shoppes · Retail Property For Sale
Investment Highlights
- Heavy Traffic: Conner St (19,288 VPD) and SR 37 (33,419 VPD).
- Average household incomes exceed $148,000 (5-mile radius)
- 100% Leased
Executive Summary
Veritas Realty is pleased to exclusively offer for sale Noblesville Shoppes, a 6,950 SF multi-tenant retail center located in Noblesville, IN. Situated within the affluent
and fast-growing suburb of Indianapolis MSA, the property sits at heavily trafficked and signalized intersection of Conner St (19,288 VPD) and SR 37 (33,419 VPD).
The center is 100% leased to a diversified mix of five national, regional, and local operators with a weighted average lease term of 4.75 years. The offering presents an investor with in-place cash flow, embedded rental growth through scheduled increases across every lease, and a below-replacement-cost basis in one of the strongest submarkets in Hamilton County, which boasts average household incomes exceeding $148,000 within a 5-mile radius. This is an opportunity to acquire a well-located, income-producing asset in a supply-constrained corridor with strong demographic tailwinds and continued public and private investment nearby.
and fast-growing suburb of Indianapolis MSA, the property sits at heavily trafficked and signalized intersection of Conner St (19,288 VPD) and SR 37 (33,419 VPD).
The center is 100% leased to a diversified mix of five national, regional, and local operators with a weighted average lease term of 4.75 years. The offering presents an investor with in-place cash flow, embedded rental growth through scheduled increases across every lease, and a below-replacement-cost basis in one of the strongest submarkets in Hamilton County, which boasts average household incomes exceeding $148,000 within a 5-mile radius. This is an opportunity to acquire a well-located, income-producing asset in a supply-constrained corridor with strong demographic tailwinds and continued public and private investment nearby.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,950 SF
Building Class
C
Year Built/Renovated
1995/2007
Price
$2,684,884
Price Per SF
$386.31
Cap Rate
6.90%
NOI
$185,257
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
0.83 AC
Zoning
Retail
Parking
30 Spaces (3.75 Spaces per 1,000 SF Leased)
Frontage
234’ on E Conner St
Amenities
- Freeway Visibility
Property Taxes
| Parcel Number | 29-07-32-002-002.000-013 | Improvements Assessment | $926,100 |
| Land Assessment | $479,700 | Total Assessment | $1,405,800 |
Property Taxes
Parcel Number
29-07-32-002-002.000-013
Land Assessment
$479,700
Improvements Assessment
$926,100
Total Assessment
$1,405,800
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