6520 E 82nd St
Indianapolis, IN 46250
Shoppes of Castleton · Retail Property For Sale

The Klink Group of Marcus & Millichap, as exclusive advisor, is pleased to present for sale Shoppes of Castleton, a 14,813-square foot retail center located in Indianapolis, Indiana.  Shoppes of Castleton sits directly at a stoplight on 1.36 acres of prime real estate along East 82nd Street, a premier, east-west retail corridor in the Castleton submarket of Indianapolis with over 51,000 vehicles traversing by the site daily. The property is currently 100% occupied with a synergistic mix of retailers. Notable anchor tenants within the property are Einstein Bros. Bagels and Hertz Rent-A-Car, both of which have been at the property for over 15 years. Offered at an 8% cap on existing, in-place net income, the property allows an incoming investor an opportunity to purchase the property on an all-cash basis or finance the property using today' s attractive debt financing options and invest and own a property with strong real estate fundamentals, long-term historical occupancy & investment growth potential through submarket growth and increasing rental rates. Shoppes of Castleton boasts 220 feet of premier frontage along East 82nd Street. The site is positioned less than one mile from Indianapolis' Interstate 465 beltway and Interstate 69 allowing easy access to various destinations throughout the entire Indianapolis metropolitan statistical area. Also, less than one mile away is the Castleton Square Mall, a 1.2M-square foot mall that is considered the largest and busiest mall in the state of Indiana. Anchor tenants within the mall include Dick' s Sporting Goods, Macy' s, Sears, Von Maur, JCPenney, and AMC Theatres. Across the street from the subject is Castleton Office Park, Indianapolis' third largest office park with more than 1.1M square feet on 120 acres and which hosts a significant amount of nearby daytime population.