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College Park Place Shopping Center 3643-3677 W 86th St 19,676 SF 100% Leased Retail Building Indianapolis, IN 46268 $4,025,000 ($204.56/SF) 7.75% Cap Rate
Investment Highlights
- 100% Occcupied 19,676 SF Multi-Tenant Retail Asset Positioned Along W. 86th Street – One of Indianapolis’ Busiest Retail Arteries
- Reasonable Average Rents/SF of $15.94 With Many Tenants Having No Remaining Options
- Dense Demographics with 140,971 Residents Within 5 Miles and Strong Household Incomes Averaging $112,000
- Directly Surrounded by National Tenants Including Walmart, Costco, Lowes and Aldi
- Freestanding Tire Central and Service Building Included in Offering
- Strong Annual 5% Rent Bumps Scheduled in Option Periods on 62% of the GLA
Executive Summary
100% Occcupied 19,676 SF Multi-Tenant Retail Asset in Indianapolis, IN
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
19,676 SF
Building Class
B
Year Built
1984
Price
$4,025,000
Price Per SF
$204.56
Cap Rate
7.75%
NOI
$312,125
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.32
Lot Size
1.39 AC
Zoning
ZO01 - Refers to a specific land-use classification in a city's zoning code.
Parking
110 Spaces (5.45 Spaces per 1,000 SF Leased)
Frontage
185’ on W 86th St
Amenities
- Bus Line
- Pylon Sign
- Security System
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- 86 Fullbar Resto
- -
- 4,665 SF
- -
- Triple Net
- Oct 2032
- Tire Central and Service
- -
- 5,266 SF
- -
- Triple Net
- Nov 2028
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| 86 Fullbar Resto | - | 4,665 SF | - | Triple Net | Oct 2032 | |
| Tire Central and Service | - | 5,266 SF | - | Triple Net | Nov 2028 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 49-03-19-126-014.000-600 | Improvements Assessment | $462,000 |
| Land Assessment | $425,100 | Total Assessment | $887,100 |
Property Taxes
Parcel Number
49-03-19-126-014.000-600
Land Assessment
$425,100
Improvements Assessment
$462,000
Total Assessment
$887,100
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