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Southport Centre 7245-7423 S US Highway 31 2,400 - 16,760 SF of Retail Space Available in Indianapolis, IN 46227
SPACE AVAILABILITY (3)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 7257A | 9,690 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Negotiable | ||
| 1st Floor, Ste 7307 | 4,670 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD | ||
| 1st Floor, Ste 7319 | 2,400 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
7245-7423 S US Highway 31 - 1st Floor - Ste 7257A
• 9,690 sf available • Outlot available next to Take 5 Oil - Ground Lease • Highest performing Walmart in the Indy Market • Located on the busy US 31 corridor with high daytime traffic • Signalized entrance to center with multiple ingress/egress points
- Located in-line with other retail
7245-7423 S US Highway 31 - 1st Floor - Ste 7307
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
7245-7423 S US Highway 31 - 1st Floor - Ste 7319
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT SOUTHPORT CENTRE
- Walmart Supercenter
PROPERTY FACTS
| Total Space Available | 16,760 SF | Frontage | 1,515’ on S US Highway 31 |
| Center Type | Community Center | Gross Leasable Area | 484,036 SF |
| Parking | 1085 Spaces | Total Land Area | 38.80 AC |
| Center Properties | 7 | Year Built | 1990 |
| Total Space Available | 16,760 SF |
| Center Type | Community Center |
| Parking | 1085 Spaces |
| Center Properties | 7 |
| Frontage | 1,515’ on S US Highway 31 |
| Gross Leasable Area | 484,036 SF |
| Total Land Area | 38.80 AC |
| Year Built | 1990 |
ABOUT THE PROPERTY
• 4,670 & 9,690 sf available • Outlot available next to Take 5 Oil - Ground Lease • Highest performing Walmart in the Indy Market • Located on the busy US 31 corridor with high daytime traffic • Signalized entrance to center with multiple ingress/egress points
- Pylon Sign
- Signalized Intersection
NEARBY MAJOR RETAILERS
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Southport Centre | 7245-7423 S US Highway 31
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