CVS 7202 Michigan Rd 10,125 SF Retail Building Indianapolis, IN 46268 $2,890,000 ($285.43/SF)

Ownership is not interested in selling the property, but will consider ground lease or BTS. Asking Base Rent - $18 PSF, plus Real Estate Taxes equal to $25,616.25 annually. Lessor is responsible for property upkeep, and interior maintenance of the premises.

This exceptional Subject Property presents a compelling investment opportunity at one of Indianapolis's most strategic retail locations. Positioned at the signalized hard corner of North Michigan Street and West 71st Street, the property benefits from exposure to approximately 60,500 vehicles per day. The 10,125-square-foot building sits on 1.02 acres in a densely populated infill location with over 178,315 residents within a five-mile radius. The property's proximity to Interstate 465, which carries over 135,000 cars per day, provides exceptional accessibility and visibility. The property offers stability in a market characterized by strong demographics, including an average household income of $87,500 in the surrounding area. The location benefits from adjacency to major national retailers including Walmart Supercenter, Costco, Trader Joe's, Lowe's, and Sam's Club, creating a robust retail ecosystem that drives consistent traffic to the corridor. Indianapolis continues to demonstrate strong economic fundamentals, with a diverse employment base anchored by healthcare, logistics, and technology sectors. The property's position in this growing market, combined with the Subject Property's strong corporate profile, creates an attractive risk-adjusted return profile for institutional and private investors seeking stable cash flow in the retail sector.