Shopping Strip
Madison Murry Assemblage Center | Indianapolis
3301 Madison Ave, Indianapolis, IN 46227
Listing Price: $2,548,638
Investment Overview
This 100% 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 5–6% and CPI-based adjustments. 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 74,000 within three miles and 371,000 within five miles. With modest, replaceable rents averaging $10.19/SF and strong tenant performance, this asset offers stable income and attractive growth potential in a high-traffic corridor.
Madison Murry Assemblage Center | Indianapolis
Investment Highlights
- 100% occupied with service based tenants | Compromised of automotive focused tenants
- 4 out of 5 tenants operate on net leases | The 5th tenant pays a fixed amount covering their share of expenses
- Modest and replaceable rents | Average rent per square foot is $10.19
- Two tenants recently underwent expansions, demonstrating commitment to the site and continued customer demand
- 240 feet of frontage along Madison Ave, which sees 18,709 vehicles per day | Near Interstates 465 & 65
- 0.8 miles from University of Indianapolis campus, which serves 5,447 students
- 74,014 people work within three-miles and 371,000 people work within five-miles
Shopping Strip
Madison Murry Assemblage Center | Indianapolis
Listing Price: $2,548,638
Investment Highlights
- 100% occupied with service based tenants | Compromised of automotive focused tenants
- 4 out of 5 tenants operate on net leases | The 5th tenant pays a fixed amount covering their share of expenses
- Modest and replaceable rents | Average rent per square foot is $10.19
- Two tenants recently underwent expansions, demonstrating commitment to the site and continued customer demand
- 240 feet of frontage along Madison Ave, which sees 18,709 vehicles per day | Near Interstates 465 & 65
- 0.8 miles from University of Indianapolis campus, which serves 5,447 students
- 74,014 people work within three-miles and 371,000 people work within five-miles
Investment Overview
This 100% 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 5–6% and CPI-based adjustments. 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 74,000 within three miles and 371,000 within five miles. With modest, replaceable rents averaging $10.19/SF and strong tenant performance, this asset offers stable income and attractive growth potential in a high-traffic corridor.
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