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Shopping Regional

New NNN Box Center - Sunrise Crossing

2536 Michigan Rd, Madison, IN 47250

Listing Price: $18,500,000

Cap Rate
6.23%
Gross SF
120,868
Rentable SF
120,868
Price/Gross SF
$153.06
Lot Size
11.00 acres
Year Built
2023

Investment Overview

Subject is an Under Construction Prime 120,868 Square-Foot Neighborhood Center on an 11-Acre Lot | with Ample Parking, Pylon Signage, Easy Ingress/Egress, and Strategically Located on a Signalized Intersection A Combination of Absolute NNN Leases and a Ground Lease with Hobby Lobby | Zero Landlord Responsibility

Investment Highlights

  • Well Established Retail Corridor | Nearby National Retailers Include: Kroger, Walmart, Wyndham, McDonald's, Holiday Inn, Arby's, Big Lots, Dollar General, Big O Tires, Walgreens, and Others
  • Affluent Bedroom Community with an Average Household Income of Over $68,000 within Five Miles of the Subject Asset, as of 2020
  • Robust Traffic Counts on Michigan Road (10,786 VPD) and Highway 62 (18,290 VPD) (Source: LandVision, CoStar, 2022)
  • Subject is 40 Miles from Downtown Louisville with a Population of 619K and 55 Miles from Downtown Cincinnati with a Population of 303K
  • Parks and Outdoor Recreational Facilities Nearby Include: Clifty Falls State Park, Sunrise Golf Course, Hatcher Hill, Rivercrest Marina, Devil's Backbone, and Only 45 Minutes Away From All the Amenities Louisville Has to Offer

Exclusively Listed By

  • Jesse Limon

    Licensed Real Estate Salesperson

    (212) 430-5291

    Email Jesse

    License(s): IN: RB14048415, NY: 10401271892

    Manhattan

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Shopping Regional

New NNN Box Center - Sunrise Crossing

Listing Price: $18,500,000

Cap Rate
6.23%
Gross SF
120,868
Rentable SF
120,868
Price/Gross SF
$153.06
Lot Size
11.00 acres
Year Built
2023

Investment Highlights

  • Well Established Retail Corridor | Nearby National Retailers Include: Kroger, Walmart, Wyndham, McDonald's, Holiday Inn, Arby's, Big Lots, Dollar General, Big O Tires, Walgreens, and Others
  • Affluent Bedroom Community with an Average Household Income of Over $68,000 within Five Miles of the Subject Asset, as of 2020
  • Robust Traffic Counts on Michigan Road (10,786 VPD) and Highway 62 (18,290 VPD) (Source: LandVision, CoStar, 2022)
  • Subject is 40 Miles from Downtown Louisville with a Population of 619K and 55 Miles from Downtown Cincinnati with a Population of 303K
  • Parks and Outdoor Recreational Facilities Nearby Include: Clifty Falls State Park, Sunrise Golf Course, Hatcher Hill, Rivercrest Marina, Devil's Backbone, and Only 45 Minutes Away From All the Amenities Louisville Has to Offer

Investment Overview

Subject is an Under Construction Prime 120,868 Square-Foot Neighborhood Center on an 11-Acre Lot | with Ample Parking, Pylon Signage, Easy Ingress/Egress, and Strategically Located on a Signalized Intersection A Combination of Absolute NNN Leases and a Ground Lease with Hobby Lobby | Zero Landlord Responsibility

Exclusively Listed By

  • Jesse Limon

    Licensed Real Estate Salesperson

    (212) 430-5291

    Email Jesse

    License(s): IN: RB14048415, NY: 10401271892

    Manhattan

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

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