Carson Square 3119-3149 E Thompson Rd 55,620 SF 100% Leased Retail Building Indianapolis, IN 46227 $5,750,000 ($103.38/SF) 8.32% Cap Rate

The Klink Group is pleased to exclusively offer for sale Carson Square, a 55,580 square foot neighborhood retail center strategically located in Indianapolis, Indiana. This offering presents a rare opportunity to acquire a well-positioned shopping center within a densely populated trade area, supported by a substantial residential base and strong daily traffic patterns.
Carson Square is anchored by The Atrium, a nearly 20,000 square foot event venue that serves as a destination for weddings, celebrations, corporate functions, and community events throughout the year. Supporting the anchor is a diverse collection of experiential and service-based tenants, including Thang Family Grocery, Gallagher's Pub & Eatery, Barn in Time Paw Spa, Seoul Spa, fitness concepts, and entertainment operators. This highly differentiated tenant mix creates recurring visitation patterns and generates traffic throughout the day and evening, positioning the center as both a retail destination and community gathering place. This diversified traffic profile enhances tenant synergy and contributes to the long-term stability of the asset.
Additionally, Carson Square benefits from its immediate proximity to Roncalli High School, which serves more than 1,100 students. The school's daily activity generates a consistent flow of traffic to the surrounding area and further strengthens the center's position as a community-oriented retail destination.
With its strategic location, diverse and internet-resistant tenant mix, strong surrounding demographics, and established role within the community, Carson Square is well-positioned to continue serving as a premier neighborhood shopping center. The offering gives investors an opportunity to acquire a high-quality retail asset featuring in-place rents averaging just over $8.00 per square foot. This provides investors with a compelling rent growth opportunity and meaningful upside through future lease renewals and tenant turnover within one of Indianapolis' most established retail corridors.