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Outlot at Indy's Largest Mall & Costco 6045 E 86th St 7,878 SF 100% Leased Retail Building Online Auction Sale Indianapolis, IN 46250
Matterport 3D Tour
Investment Highlights
- 6045 E 86th Street presents a second-generation, freestanding restaurant building located within Castleton Square Mall.
- Prime restaurant-user opportunity to occupy a fully built-out restaurant building, a former Bucca Di Beppo, within Indiana’s largest shopping mall.
- Indianapolis is seeing growth in population and economic development, making it a favorable environment for new businesses.
- Situated in a densely populated area, this location is easily accessible via major highways, providing excellent visibility and foot traffic.
- 1.3 million square feet of dining options, entertainment venues, and services create a rich shopping destination and a premier consumer experience.
- Castleton Square Mall owns the parking lot, and an easement for parking is provided to the subject building.
Executive Summary
CBRE proudly presents the second-generation, freestanding restaurant building within Castleton Square Mall, Indiana’s largest shopping mall. As a former Buca di Beppo family-style Italian restaurant, the building is fully equipped with a commercial-grade kitchen, a spacious dining area, and prominent signage opportunities.
The Castleton Square neighborhood in Indiana is best known for being home to the state’s largest shopping mall, Castleton Square Mall, which serves as a neighborhood epicenter offering a wealth of amenities. With over 1 million square feet of retail space, it has held the title of the state’s largest shopping mall for 50 years and counting. This is the epicenter of shopping, dining, and entertainment in Indy’s far northside, featuring everything from retail giants like Macy’s and JCPenney to Claire’s and the Lego Store for younger visitors. Castleton Square Mall is home to an AMC movie theater and a vintage arcade featuring locally owned Boss Battle Games, which offers joystick-operated entertainment, including racing simulators and classic pinball machines. Food at Castleton Square primarily comprises big-name eateries, including Charley's Cheesesteaks and Chick-fil-A, but the local favorite Ale Emporium lies just down the road. Trader Joe’s is on the other side of Interstate 465.
6045 E 86th Street presents a rare opportunity to own space in an attractive, demographic-rich area. According to CoStar analytics, approximately 163,301 locals reside within a 5-mile radius with an affluent average household income surpassing $108,000. The population generates a robust consumer spending power totaling more than $2.4 billion annually. Apparel, entertainment, and food and drink contribute to nearly 50% of consumer spending.
The Castleton Square neighborhood in Indiana is best known for being home to the state’s largest shopping mall, Castleton Square Mall, which serves as a neighborhood epicenter offering a wealth of amenities. With over 1 million square feet of retail space, it has held the title of the state’s largest shopping mall for 50 years and counting. This is the epicenter of shopping, dining, and entertainment in Indy’s far northside, featuring everything from retail giants like Macy’s and JCPenney to Claire’s and the Lego Store for younger visitors. Castleton Square Mall is home to an AMC movie theater and a vintage arcade featuring locally owned Boss Battle Games, which offers joystick-operated entertainment, including racing simulators and classic pinball machines. Food at Castleton Square primarily comprises big-name eateries, including Charley's Cheesesteaks and Chick-fil-A, but the local favorite Ale Emporium lies just down the road. Trader Joe’s is on the other side of Interstate 465.
6045 E 86th Street presents a rare opportunity to own space in an attractive, demographic-rich area. According to CoStar analytics, approximately 163,301 locals reside within a 5-mile radius with an affluent average household income surpassing $108,000. The population generates a robust consumer spending power totaling more than $2.4 billion annually. Apparel, entertainment, and food and drink contribute to nearly 50% of consumer spending.
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Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Miscellaneous
Market Analytics Click Here to Access
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Retail
Property Subtype
Restaurant
Building Size
7,878 SF
Building Class
B
Year Built
1999
Tenancy
Single
Building Height
1 Story
Building FAR
0.60
Lot Size
0.30 AC
Parcel Number
49-02-22-126-034.000-400
Zoning
ZO01 - Restaurant Building
Frontage
265’ on E 86th St
Demographics
Demographics
1 mile
3 mile
5 mile
2024 Population
7,709
52,447
163,301
2020 Population
7,996
54,442
164,170
2029 Population
7,601
52,887
169,529
2024-2029 Projected Population Growth
-1.4%
0.8%
3.8%
Daytime Employees
14,261
95,373
149,974
Total Businesses
1,321
8,145
14,703
Average Household Income
$67,817
$95,872
$108,260
Median Household Income
$55,798
$71,791
$80,580
Total Consumer Spending
$92.2M
$736.1M
$2.4B
Median Age
32.7
38.2
39.2
2024 Households
4,001
24,779
72,351
Percent College Degree or Above
30%
33%
34%
Average Home Value
$208,139
$296,701
$323,363
Nearby Major Retailers
Sale Advisor
Sale Advisor
Scott Wise, Vice President
Scott Wise founded Scotty’s Brewhouse and Thr3e Wise Men Brewing Company in 1996. With 15 restaurants in Indiana, 1 in Florida, 1 in Illinois and 1 in Ohio, Scotty’s was sold to a Private Equity group in December of 2016. When Scott sold the company, there were close to 2,000 employees. Scott also opened 4 different concepts during his 20 year tenure with the Scotty’s franchise: Scotty’s Lakehouse at Geist, Scotty’s Burger Joint in Columbus, IN, Scotty’s Brew Club in Franklin, IN and Lucy!Lucy in Muncie, IN.
Scotty (as he was dubbed by his late grandfather) is a family man, married to wife, Amy, for 20 years. Their family includes 4 children; Slater, twins, Lincoln and Vaughn, and Ivy. An avid exercise enthusiast, Scott has ridden his bicycle from San Francisco to San Diego 3 times with his 68 year old father. He also enjoys spending time with immediate and extended family, attending sporting events, volunteer with his church and local homeless shelter, travel, reading and always striving to better himself in life, business and as a husband and father.
Scott went back to his “roots” and is the founder of a new restaurant concept called Roots Burger Bar, reopening his original restaurant in Muncie, Indiana on the campus of Ball State University. Scott is also the founder of Evolve Youth Esports in Carmel, Indiana. He created a space for kids 9-17 to socialize, learn and play esports.
Scotty (as he was dubbed by his late grandfather) is a family man, married to wife, Amy, for 20 years. Their family includes 4 children; Slater, twins, Lincoln and Vaughn, and Ivy. An avid exercise enthusiast, Scott has ridden his bicycle from San Francisco to San Diego 3 times with his 68 year old father. He also enjoys spending time with immediate and extended family, attending sporting events, volunteer with his church and local homeless shelter, travel, reading and always striving to better himself in life, business and as a husband and father.
Scott went back to his “roots” and is the founder of a new restaurant concept called Roots Burger Bar, reopening his original restaurant in Muncie, Indiana on the campus of Ball State University. Scott is also the founder of Evolve Youth Esports in Carmel, Indiana. He created a space for kids 9-17 to socialize, learn and play esports.
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Auction Contact
Kevin Loudy
Contact
Auctioneer License:
Ten-X Arlene Richardson RE Brkr RC51500217 Online Auction
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
Contact the Sale Advisor
Outlot at Indy's Largest Mall & Costco | 6045 E 86th St
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Outlot at Indy's Largest Mall & Costco | 6045 E 86th St
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