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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.

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

  • Joel Dumes

    Senior Managing Director Investments

    (513) 878-7720

    Email Joel

    License(s): OH: SAL.2003013045, KY: 63818

    Cincinnati

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Shopping Neighborhood

West Carmel Shoppes

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

  • Joel Dumes

    Senior Managing Director Investments

    (513) 878-7720

    Email Joel

    License(s): OH: SAL.2003013045, KY: 63818

    Cincinnati

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

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