Investment Overview

Marcus & Millichap, as exclusive advisor, is pleased to offer for sale Fishers Corner Shoppes, a 23,608-square foot retail shopping center located in Fishers, Indiana, one of the most affluent and nationally recognized northern suburbs of Indianapolis. Constructed in 2008 adjacent to the number one Super Target in the state of Indiana (Placer AI), the subject sits on 3.1 acres of prime real estate in one of the fastest growing areas in the entire Midwest. The real estate is located within a highly popular live-work-play submarket comprised of master-planned, class A residential, office and mixed-use developments including The Nickel Plate District (Fisher’s Central Hub) which is comprised of all city municipal service buildings, various company headquarters, multi-family apartment buildings and The Yard, a master-planned shopping destination with retailers such as Top Golf, Ikea, 1933 Lounge (St Elmo’s Steakhouse), Shake Shack along with many other premier retail destination stores. Fishers Corner Shoppes is 100 percent occupied by a synergistic mix of local, regional and national retailers with 73 percent of the gross leasable area being historically occupied for 10+ years by the same tenancy. Tenants are on triple-net leases reimbursing for their respective, pro-rata shares of common area maintenance expenses, property taxes, insurance, & also property management expense which significantly reduces landlord exposure to any increasing expenses at the site over a typical investment holding period. The current rent roll has staggered lease expiration dates with no immediate lease rollover and the majority of tenants having exercised renewal option periods demonstrating proven business performance at the subject site. Fishers Corner Shoppes offers an incoming investor the opportunity to invest in a nationally recognized, best-in-class submarket which continues to see strong population and economic growth. Consistent historical occupancy coupled with a diversified tenant roster adjacent to a Super Target ranked in the top two percent nationwide (Placer AI) should prove to be enticing for investors seeking a real estate offering with current cash flow, income stream growth & capital appreciation.