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9315-9321 Michigan Rd 9,933 SF 100% Leased Retail Building Indianapolis, IN 46268 $5,557,418 ($559.49/SF) 6.70% Cap Rate
INVESTMENT HIGHLIGHTS
- Heavy Traffic
- Retail Corridor
- Daytime Population
EXECUTIVE SUMMARY
Veritas Realty is pleased to present the exclusive opportunity to acquire the newly developed College Park Crossing retail center. Positioned at the I-465 and Michigan Rd (US-421) interchange, the center sees significant traffic and is surrounded by a large office population along with a dense retail corridor. Costco, Walmart,Super Target, Kroger, Lowes, Home Depot, and the Pyramids office towers anchor the corridor and are complemented by Texas Roadhouse, Olive Garden, Chuy’s, Panera, Starbucks, Chipotle, and
many more. With a lease now pending on the last unit, this property provides investors with the opportunity to purchase a strategically located and stabilized strip center in an established retail trade area on the northwest side of Indianapolis.
many more. With a lease now pending on the last unit, this property provides investors with the opportunity to purchase a strategically located and stabilized strip center in an established retail trade area on the northwest side of Indianapolis.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
9,933 SF
Building Class
B
Year Built
2024
Price
$5,557,418
Price Per SF
$559.49
Cap Rate
6.70%
NOI
$372,347
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.10
Lot Size
2.28 AC
Zoning
C-4
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 49-03-18-101-040.000-600 | Improvements Assessment | $1,080,300 |
| Land Assessment | $1,199,700 | Total Assessment | $2,280,000 |
PROPERTY TAXES
Parcel Number
49-03-18-101-040.000-600
Land Assessment
$1,199,700
Improvements Assessment
$1,080,300
Total Assessment
$2,280,000
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