Shopping Neighborhood
Greenbrook Shoppes
8319 US 31 S, Indianapolis, IN 46227
Listing Price: $8,840,000
Investment Overview
100% Occupied 56,992 Shopping Center Positioned Along US-31 (S. Meridian St) | High Visibility in Major
Indianapolis Corridor. Excellent Ingress/Egress Along US-31 | Positioned in a Retail Node with Heavy Commuter & Destination Traffic. Located on Major Retail Corridor with Good Frontage and Over 39K
VPD. Dense Demographics – Over 209K People in 5-Mile Radius | Avg. Household Income Exceeding $83,000. Long-Term Stability from Regional Draws Including Indianapolis International Airport, IU Health, and Major Employers.
Greenbrook Shoppes
Investment Highlights
- 100% Occupied 56,992 Shopping Center Positioned Along US-31 (S. Meridian St) | High Visibility in Major Indianapolis Corridor
- Discount Tire Recently Renovated Their Entire Store at Own Cost of Over $300,000
- New Roof in 2024 with 15 Year Warranty Over Circle City Bargains, Abuelito Mexican and Ichiban
- Below Market Average Rent/ SF of $13.87 with 18% of the GLA Having No Options
- Offered Below Replacement Cost at $155/SF
- Anchored by Circle City Bargains, Discount Tire and Ichiban Japanese Restaurant | Strong Daily Traffic Generators
- Surrounded by Major Regional Retail Draws Including Walmart, Hobby Lobby, TJ Maxx, Lowes, Burlington, Ross, Marshalls, and HomeGoods
Listing Price: $8,840,000
Investment Highlights
- 100% Occupied 56,992 Shopping Center Positioned Along US-31 (S. Meridian St) | High Visibility in Major Indianapolis Corridor
- Discount Tire Recently Renovated Their Entire Store at Own Cost of Over $300,000
- New Roof in 2024 with 15 Year Warranty Over Circle City Bargains, Abuelito Mexican and Ichiban
- Below Market Average Rent/ SF of $13.87 with 18% of the GLA Having No Options
- Offered Below Replacement Cost at $155/SF
- Anchored by Circle City Bargains, Discount Tire and Ichiban Japanese Restaurant | Strong Daily Traffic Generators
- Surrounded by Major Regional Retail Draws Including Walmart, Hobby Lobby, TJ Maxx, Lowes, Burlington, Ross, Marshalls, and HomeGoods
Investment Overview
100% Occupied 56,992 Shopping Center Positioned Along US-31 (S. Meridian St) | High Visibility in Major Indianapolis Corridor. Excellent Ingress/Egress Along US-31 | Positioned in a Retail Node with Heavy Commuter & Destination Traffic. Located on Major Retail Corridor with Good Frontage and Over 39K VPD. Dense Demographics – Over 209K People in 5-Mile Radius | Avg. Household Income Exceeding $83,000. Long-Term Stability from Regional Draws Including Indianapolis International Airport, IU Health, and Major Employers.
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