Shopping Regional
New NNN Box Center - Sunrise Crossing
2536 Michigan Rd, Madison, IN 47250
Listing Price: $17,800,000
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
New NNN Box Center - Sunrise Crossing
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
- Recent Financing Quote | 10-Yr 60% LTV 6.17% Interest Only | 6.94% Pre-Tax Return Year 1
Exclusively Listed By
Broker of Record
Listing Price: $17,800,000
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
- Recent Financing Quote | 10-Yr 60% LTV 6.17% Interest Only | 6.94% Pre-Tax Return Year 1
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
Broker of Record
-
Josh Caruana
First Vice President/District Manager
