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Greenbrook Shoppes 8245-8335 S US Highway 31 56,992 SF 100% Leased Retail Building Indianapolis, IN 46227 $8,840,000 ($155.11/SF) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- 100% Occupied 56,992 SF Shopping Center Positioned Along US-31 (S. Meridian St) | High Visibility in Major Indianapolis Corridor
- New Roof in 2024 with 15 Year Warranty Over Circle City Bargains, Abuelito Mexican and Ichiban
- Below Market Average Rent/SF of $13.87 with 18% of the GLA Having No Options
- Discount Tire Recently Renovated Their Entire Store at Own Cost of Over $300,000
- Dense Demographics – Over 209K People in 5-Mile Radius | Avg. Household Income Exceeding $83,000
- Excellent Ingress/Egress Along US-31 | Positioned in a Retail Node with Heavy Commuter & Destination Traffic
EXECUTIVE SUMMARY
100% Occupied 56,992 SF Shopping Center in Indianapolis, IN
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
56,992 SF
Building Class
B
Year Built
1986
Price
$8,840,000
Price Per SF
$155.11
Cap Rate
8%
NOI
$707,342
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
5.53 AC
Zoning
C-5 - Commercial
Frontage
703’ on U.S. 31 South
AMENITIES
- Signage
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,325,500 | |
| Land Assessment | $1,901,300 | Total Assessment | $3,226,800 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,901,300
Improvements Assessment
$1,325,500
Total Assessment
$3,226,800
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