812-924 E Main St
Brownsburg, IN 46112
Brownsburg Shopping Center · Retail Property For Sale

Brownsburg Shopping Center features a mix of local and national tenants. Dollar General has occupied the center since 1996. Planet Fitness has greater than eight years remaining. The Indiana Bureau of Motor Vehicles has occupied the center for eight years with approximately two years remaining. These three tenants represent 68% of the center. Tenants pay a replaceable average rent of $11.03 per square foot. Nearly all tenants reimburse CAM, real estate taxes, and insurance with several reimbursing management fees or a percentage of operating expenses for administrative overhead costs. CAM, real estate taxes, and insurance are an affordable $3.04 per square foot, which is significantly lower than the average for shopping centers in the Indianapolis MSA. Brownsburg Shopping Center features an average occupancy history over seven years and an average remaining term of almost four years. Only one 800-square-foot unit (1.93%) expires in the next 12 months. The subject' s immediate surrounding area represents one of Brownsburg' s primary retail destinations. Marsh Supermarket is located across Main Street (US 136) from Brownsburg Shopping Center. Additionally McDonald' s, Long John Silvers, and First Merchant' s Bank are located in the immediate vicinity of the shopping center. Eaglepoint Business Park is located immediately north of the subject property along Northfield Drive. The 400-acre business park contains approximately 2,450,000 square feet of bulk distribution and flex space. Prominent users in the park include distribution facilities for TJX Home Goods containing 805,000 square feet, Guitar Center containing 772,000 square feet, and O' Reilly Auto Parts containing 405,000 square feet. The distribution facilities serve as the immediate area' s largest employers as TJX Home Goods employs 450 and O' Reilly Auto Parts employs 600. The shopping center has a dense surrounding population of 7,172 within one mile, 40,253 within three miles, and 84,240 within five miles. Estimated household incomes are above average at $68,288 within one mile