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Shopping Strip

University Plaza

2015 University Plaza Blvd, Anderson, IN 46012

Listing Price: $3,001,000

Cap Rate
7.00%
Gross SF
12,048
Rentable SF
12,048
Price/Gross SF
$249.09
Lot Size
1.29 acres
Year Built
1987

Investment Overview

88% OCCUPIED MEDICAL STRIP CENTER
• University Plaza is a 12,048 square foot center located in Anderson, IN, a suburb of Indianapolis, IN.
• National Credit Medical Lineup | 88% of GLA
• Recent Major CapEx | New roof installed in 2024

FRESENIUS
• Fresenius is a multinational healthcare company that provides products and services for dialysis, inpatient, and outpatient medical care
• They have over 3,700 dialysis clinics worldwide and treat more than 229,000 patients across 150 countries
• Fresenius maintains a long-term lease at the property and is a credit-rated tenant (S&P: BBB-) with global revenue exceeding €19 billion annually
• Fresenius has occupied the space since February of 2022 and has 8.5 years of term remaining

GOLDEN STEPS ABA
• Golden Steps ABA is a national provider of ABA therapy services specializing in the treatment of autism spectrum disorder
• Golden Steps ABA has a strong guarantee backed by 100+ locations in 16 states
• Golden Steps ABA recently executed a new 6-year lease with term through 2031

VALUE-ADD | 88% OCCUPIED
• Currently 88% leased with a 1,481 SF vacancy
• Filling the vacancy at $20/SF boosts Year 2 NOI by $37,184
• If purchasing at list price, filling this vacancy will yield you 8.25% by year 2

ACROSS FROM ANDERSON UNIVERSITY
• The subject property is across from Anderson University, which is home to 4,117 students, employs 530 people & has a $300 million economic impact

ANDERSON, IN | INDIANAPOLIS MSA
• Anderson, IN is located in the Indianapolis MSA, and is home to $2.1M+ people
• Indianapolis is the corporate headquarters for Eli Lilly and Company, Elevance Health, Corteva, Simon Property Group, & many more
• The MSA is home to a vibrant academic community with multiple higher education institutions, including Indiana University-Purdue University Indianapolis (IUPUI), and Butler University, fueling innovation and a skilled workforce
• Indianapolis is home to the Indianapolis 500 largest the largest single-day sporting event

Investment Highlights

  • Value Add Unanchored Retail Strip | 88% Occupied
  • National Medial Tenant Line Up
  • New Roof In 2024
  • WALT: 7.52 Years
  • Across From Anderson University
  • Indianapolis MSA

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Financing By

Shopping Strip

University Plaza

Listing Price: $3,001,000

Cap Rate
7.00%
Gross SF
12,048
Rentable SF
12,048
Price/Gross SF
$249.09
Lot Size
1.29 acres
Year Built
1987

Investment Highlights

  • Value Add Unanchored Retail Strip | 88% Occupied
  • National Medial Tenant Line Up
  • New Roof In 2024
  • WALT: 7.52 Years
  • Across From Anderson University
  • Indianapolis MSA

Investment Overview

88% OCCUPIED MEDICAL STRIP CENTER • University Plaza is a 12,048 square foot center located in Anderson, IN, a suburb of Indianapolis, IN. • National Credit Medical Lineup | 88% of GLA • Recent Major CapEx | New roof installed in 2024 FRESENIUS • Fresenius is a multinational healthcare company that provides products and services for dialysis, inpatient, and outpatient medical care • They have over 3,700 dialysis clinics worldwide and treat more than 229,000 patients across 150 countries • Fresenius maintains a long-term lease at the property and is a credit-rated tenant (S&P: BBB-) with global revenue exceeding €19 billion annually • Fresenius has occupied the space since February of 2022 and has 8.5 years of term remaining GOLDEN STEPS ABA • Golden Steps ABA is a national provider of ABA therapy services specializing in the treatment of autism spectrum disorder • Golden Steps ABA has a strong guarantee backed by 100+ locations in 16 states • Golden Steps ABA recently executed a new 6-year lease with term through 2031 VALUE-ADD | 88% OCCUPIED • Currently 88% leased with a 1,481 SF vacancy • Filling the vacancy at $20/SF boosts Year 2 NOI by $37,184 • If purchasing at list price, filling this vacancy will yield you 8.25% by year 2 ACROSS FROM ANDERSON UNIVERSITY • The subject property is across from Anderson University, which is home to 4,117 students, employs 530 people & has a $300 million economic impact ANDERSON, IN | INDIANAPOLIS MSA • Anderson, IN is located in the Indianapolis MSA, and is home to $2.1M+ people • Indianapolis is the corporate headquarters for Eli Lilly and Company, Elevance Health, Corteva, Simon Property Group, & many more • The MSA is home to a vibrant academic community with multiple higher education institutions, including Indiana University-Purdue University Indianapolis (IUPUI), and Butler University, fueling innovation and a skilled workforce • Indianapolis is home to the Indianapolis 500 largest the largest single-day sporting event

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

Financing By

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