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Shopping Strip

Pine Creek Shoppes | Affluent Fishers, IN Location | Dense Retail Corridor

8956 E 96th St, Indianapolis (Fishers), IN 46256

Listing Price: $3,375,000

Cap Rate
7.50%
Gross SF
15,800
Rentable SF
15,800
Price/Gross SF
$213.61
Lot Size
1.71 acres
Year Built
2000

Investment Overview

Marcus & Millichap is pleased to exclusively market for sale Pine Creek Shoppes, a 15,800-square foot shopping center located in Fishers, Indiana, an affluent northeastern Indianapolis suburb in popular Hamilton County. Constructed in 2000, the shopping center is situated on approximately 1.71 acres directly along East 96th Street in a major retail corridor between Geist, one of Indianapolis’ premier lake-front communities and Interstate 69, a major north and south thoroughfare that connects the northern suburbs to downtown Indianapolis with average daily traffic of 151,000+- vehicles daily. The current offering allows an incoming investor an opportunity to invest in one of Indianapolis’ most vibrant suburban communities that is experiencing strong economic and residential growth. The property is currently occupied by H&R Block Tax Prep, Nail Bar, Bailey & Wood Mortgage & Moon Face & Body Studio. The endcap of the subject property is leased by Starbucks until March 2025; however, is currently unoccupied. The subject is positioned within a dense commercial corridor near Roche Diagnostics US Headquarters Campus and major national retailers including Walmart Supercenter, Meijer, Kohls, Regal Movie Theater, Menards, Home Depot, Sam’s Club, and many more. Just three miles to the north is downtown Fishers, a city nationally recognized for its residential/population growth, high ranking school systems and newer commercial developments including IKEA, Top Golf and a recently built, 18-acre, master-planned, mixed-use live-work-play development called the Fishers District; which boasts an array of boutique restaurants and shops such as Shake Shack, Portillo’s Hot Dogs, SunKing Brewery, Tropical Smoothie Café, Verizon, CycleBar, 1933 Lounge, Havana Cigar Lounge, Kincaid’s Meat Market, BIBIBOP, Peace Water Winery and many more.

Investment Highlights

  • Repositioning Opportunity With Dark Starbucks Endcap Paying Rent Until 2025
  • Immediately East Of The Property Is the Affluent Geist Reservoir Residential Community With High Discretionary Income
  • Surrounded By National Retailers Such As Meijer, Walmart Supercenter, Kohl's, Staples, Pep Boys, Verizon, Wendy's, FedEx, Panda Express And More
  • Strong Current Cash Flow – Intrinsic Real Estate Value in One of Indianapolis Most Vibrant Suburbs
  • Experiences 27,000+ Vehicles per Day Along East 96th Street And Is Close to Interstate 69, Which Experiences 24-Hour Traffic Volume in Excess of 151,000 Vehicles per Day
  • Average Household Income Within a Two-Mile Radius Is $120,000+

Exclusively Listed By

Shopping Strip

Pine Creek Shoppes | Affluent Fishers, IN Location | Dense Retail Corridor

Listing Price: $3,375,000

Cap Rate
7.50%
Gross SF
15,800
Rentable SF
15,800
Price/Gross SF
$213.61
Lot Size
1.71 acres
Year Built
2000

Investment Highlights

  • Repositioning Opportunity With Dark Starbucks Endcap Paying Rent Until 2025
  • Immediately East Of The Property Is the Affluent Geist Reservoir Residential Community With High Discretionary Income
  • Surrounded By National Retailers Such As Meijer, Walmart Supercenter, Kohl's, Staples, Pep Boys, Verizon, Wendy's, FedEx, Panda Express And More
  • Strong Current Cash Flow – Intrinsic Real Estate Value in One of Indianapolis Most Vibrant Suburbs
  • Experiences 27,000+ Vehicles per Day Along East 96th Street And Is Close to Interstate 69, Which Experiences 24-Hour Traffic Volume in Excess of 151,000 Vehicles per Day
  • Average Household Income Within a Two-Mile Radius Is $120,000+

Investment Overview

Marcus & Millichap is pleased to exclusively market for sale Pine Creek Shoppes, a 15,800-square foot shopping center located in Fishers, Indiana, an affluent northeastern Indianapolis suburb in popular Hamilton County. Constructed in 2000, the shopping center is situated on approximately 1.71 acres directly along East 96th Street in a major retail corridor between Geist, one of Indianapolis’ premier lake-front communities and Interstate 69, a major north and south thoroughfare that connects the northern suburbs to downtown Indianapolis with average daily traffic of 151,000+- vehicles daily. The current offering allows an incoming investor an opportunity to invest in one of Indianapolis’ most vibrant suburban communities that is experiencing strong economic and residential growth. The property is currently occupied by H&R Block Tax Prep, Nail Bar, Bailey & Wood Mortgage & Moon Face & Body Studio. The endcap of the subject property is leased by Starbucks until March 2025; however, is currently unoccupied. The subject is positioned within a dense commercial corridor near Roche Diagnostics US Headquarters Campus and major national retailers including Walmart Supercenter, Meijer, Kohls, Regal Movie Theater, Menards, Home Depot, Sam’s Club, and many more. Just three miles to the north is downtown Fishers, a city nationally recognized for its residential/population growth, high ranking school systems and newer commercial developments including IKEA, Top Golf and a recently built, 18-acre, master-planned, mixed-use live-work-play development called the Fishers District; which boasts an array of boutique restaurants and shops such as Shake Shack, Portillo’s Hot Dogs, SunKing Brewery, Tropical Smoothie Café, Verizon, CycleBar, 1933 Lounge, Havana Cigar Lounge, Kincaid’s Meat Market, BIBIBOP, Peace Water Winery and many more.

Exclusively Listed By

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