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Eden Gate Plaza 9076-9086 E US Highway 36 12,735 SF 100% Leased Retail Building Avon, IN 46123 $3,700,000 ($290.54/SF) 8.16% Cap Rate
Investment Highlights
- 100% Leased 3-Tenant Retail | Options to Extend | Scheduled Rental Increases | Below Market Rent
- Dominant Retail Corridor Location | Strong National Retail Presence
- Excellent Visibility & Accessibility | High-Traffic Commercial Corridor
Executive Summary
• The subject property features a fully leased 3-tenant retail box
• All tenants have options to extend and scheduled rental increases through initial term and option periods
• The tenants are currently paying below market rents in Indianapolis MSA
• All tenants have options to extend and scheduled rental increases through initial term and option periods
• The tenants are currently paying below market rents in Indianapolis MSA
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
12,735 SF
Building Class
B
Year Built
2006
Price
$3,700,000
Price Per SF
$290.54
Cap Rate
8.16%
NOI
$301,760
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
1.70 AC
Zoning
C-2 - General Commercial District
Parking
77 Spaces (6.05 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Wheelchair Accessible
- Monument Signage
- Air Conditioning
- Smoke Detector
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Urbana LLC
- Retailer
- -
- -
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Urbana LLC | Retailer | - | - | Jan 0000 |
Fairly walkable
50/100
Very drivable
80/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 32-09-06-354-002.000-031 | Improvements Assessment | $1,229,400 |
| Land Assessment | $595,000 | Total Assessment | $1,824,400 |
Property Taxes
Parcel Number
32-09-06-354-002.000-031
Land Assessment
$595,000
Improvements Assessment
$1,229,400
Total Assessment
$1,824,400
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Eden Gate Plaza | 9076-9086 E US Highway 36
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