Shopping Neighborhood
West Carmel Shoppes
4335 W 106th St, Carmel, IN 46032
Listing Price: $7,500,000
Cap Rate
7.11%
Gross SF
29,250
Rentable SF
29,250
Price/Gross SF
$256.41
Lot Size
3.67 acres
Year Built
1999
Investment Overview
We are pleased to bring to market West Carmel Shoppes in Carmel, Indiana, Indianapolis MSA.
West Carmel Shoppes
Investment Highlights
- 29,250 Square-Foot Shopping Center | Situated Between Kroger and Target | Carmel, Indiana | Indianapolis MSA
- All Tenants Under Triple-Net Leases | Internet-Resistant Tenant Mix | Strong Historical Occupancy
- Positioned Near a Major Signalized Intersection with Dedicated Turn Lanes Which Sees Over 40,000 Vehicles per Day
- Little to No Rollover Risk | Tenants Carry an Average of Five Years of Term Remaining
- Double-Digit Return Based on Current Market Financing
- Carmel, Indiana Ranked as the No. 2 Best Place to Live in the Country in 2021 by Money.com
- Affluent Area; Average Household Incomes Exceeding $130,000 with Over 125,000 Residents within Five-Miles
- Nearly 48 Percent Growth in Population and 43 Percent Growth in Median Household Income Since 2000 within Five-Miles
Exclusively Listed By
Broker of Record
Listing Price: $7,500,000
Cap Rate
7.11%
Gross SF
29,250
Rentable SF
29,250
Price/Gross SF
$256.41
Lot Size
3.67 acres
Year Built
1999
Investment Highlights
- 29,250 Square-Foot Shopping Center | Situated Between Kroger and Target | Carmel, Indiana | Indianapolis MSA
- All Tenants Under Triple-Net Leases | Internet-Resistant Tenant Mix | Strong Historical Occupancy
- Positioned Near a Major Signalized Intersection with Dedicated Turn Lanes Which Sees Over 40,000 Vehicles per Day
- Little to No Rollover Risk | Tenants Carry an Average of Five Years of Term Remaining
- Double-Digit Return Based on Current Market Financing
- Carmel, Indiana Ranked as the No. 2 Best Place to Live in the Country in 2021 by Money.com
- Affluent Area; Average Household Incomes Exceeding $130,000 with Over 125,000 Residents within Five-Miles
- Nearly 48 Percent Growth in Population and 43 Percent Growth in Median Household Income Since 2000 within Five-Miles
Investment Overview
We are pleased to bring to market West Carmel Shoppes in Carmel, Indiana, Indianapolis MSA.
Exclusively Listed By
Broker of Record
-
Josh Caruana
First Vice President/District Manager
