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5840 Promenade Shops Blvd
Noblesville, IN 46062
The Learning Experience · Retail Property For Sale
Investment Highlights
- 5-Mile Average Household Income of +/-$128,000 and 5-Mile Consumer Spending Approximately $2.3 Billion
- 20 Year Base Lease Term with Two, Five-Year Options to Renew
- 11% Rental Increases Every 5 Years and Each Renewal Option
- Tenant is Responsible For Common Area Maintenance, Property Taxes, Insurance, HVAC & Parking Lot
- +/-$70M Mixed-Use Development (Midland Pointe) Across Street will Include Wawa, Crew Car Wash, Bank Building, Retail Strip Centers and Townhomes
Property Facts
Property Type
Retail
Property Subtype
Building Size
10,000 SF
Building Class
B
Year Built
2023
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
1.46 AC
Parking
45 Spaces (4.5 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Numbers | Improvements Assessment | $6,278,300 | |
| Land Assessment | $4,282,100 | Total Assessment | $10,560,400 |
Property Taxes
Parcel Numbers
Land Assessment
$4,282,100
Improvements Assessment
$6,278,300
Total Assessment
$10,560,400
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