Investment Overview

This 100 percent occupied retail center features service-based, automotive-focused tenants with strong lease structures, four operating under net leases and the fifth paying a fixed expense share. Tenants demonstrate long-term commitment through recent expansions and scheduled rent escalations, including annual increases of five to six percent and CPI-based adjustments. Located in a general and high-intensity commercial zoning, the demand for the area is evident, as a recent vacancy took only four days to fill. The property benefits from a prime location along Madison Avenue with 240 feet of frontage and traffic counts exceeding 18,700 vehicles per day, just minutes from Interstates 465 and 65, downtown Indianapolis, and the airport. Surrounded by major retailers and key demand drivers such as the University of Indianapolis and the Indianapolis Industrial Center, the site enjoys a robust daytime population of over 73,000 within three miles and 368,000 within five miles. With modest, replaceable rents averaging $10.29 per square foot and strong tenant performance, this asset offers stable income and attractive growth potential in a high-traffic corridor.