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Southport Village Center 7021-7025 S Madison Ave 10,515 SF 100% Leased Retail Building Indianapolis, IN 46227 $2,040,000 ($194.01/SF) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- 100% Occupied 10,515 SF Strip Center Positioned Along Madison Avenue – High-Traffic Corridor Through Southport
- Located at Hard Corner of Madison Ave and E Southport Rd Seeing 48,000 VPD Combined
- Grocery Store Renewed a Year Early on a 10-Year Lease
- Landlord-Favorable Structure with NNN Lease – Tenants Responsible for Taxes, Insurance & CAM
- Dense Demographics with 214,000+ Residents Within 5 Miles $83,500 Avg. HH Income
- New Roof in 2025 on Entire Building with 15 Year Warranty
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
10,515 SF
Building Class
B
Year Built
1961
Price
$2,040,000
Price Per SF
$194.01
Cap Rate
8%
NOI
$163,205
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.31
Lot Size
0.78 AC
Parking
20 Spaces (1.9 Spaces per 1,000 SF Leased)
Frontage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Jordan's fish and Chicken
- Accommodation and Food Services
- -
- -
- Triple Net
- Jul 2019
-
- Manufacturing
- -
- -
- -
- -
They are experts, innovators, leaders and partners. They do more than paint. They partner with their customers to empower successful outcomes for every project, every time. Built over their many years growing and evolving the paint business. Informed by their global reach and understanding of customers' needs in the global market. Flexible and reliable - they think on their feet and are there when customers need a partner. Fueled by their passion and curiosity to help customers solve their next challenge.
- Southport Village Center
- Real Estate
- -
- -
- -
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| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Jordan's fish and Chicken | Accommodation and Food Services | - | - | Triple Net | Jul 2019 | |
|
|
Manufacturing | - | - | - | - | |
| Southport Village Center | Real Estate | - | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 49-15-18-141-007.000-513 | Improvements Assessment | $128,300 |
| Land Assessment | $143,200 | Total Assessment | $271,500 |
PROPERTY TAXES
Parcel Number
49-15-18-141-007.000-513
Land Assessment
$143,200
Improvements Assessment
$128,300
Total Assessment
$271,500
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