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Shopping Strip

Verizon & Jimmy John's Center

1155 E Stop 11 Rd, Indianapolis, IN 46227

Listing Price: $2,380,000

Cap Rate
7.33%
Gross SF
7,000
Rentable SF
7,000
Price/Gross SF
$340.00
Lot Size
1.18 acres
Year Built
2008

Investment Overview

100 Percent Occupied Four-Tenant Center Anchored by National Tenants Jimmy John’s and Verizon | All Triple-Net Leases | Stabilized Low Average Rent per Square Foot with 57 Percent of the Gross Leasable Area Providing Three Percent Annual Increases

Excellent Visibility: Combined Traffic Counts of 56,375 Vehicles per Day at the Signalized Intersection of E Stop 11 Rd and US-31 S

Jimmy John’s is a Multi-Unit Operator | This Location is a Strong Performer – Ranks in the Top 67 Percent in the US by Sales (Placer.ai)

Total Wireless is Owned by Verizon and Operates Over 2,000 Locations Across the US | Halal Munchies is a Growing Fast Casual Eatery that Operates Over 50 Locations

Outparcel to Greenwood Point Shopping Center with 1.7 Million Visitors per Year with National Tenants Such as Hobby Lobby, Portillo’s, Buffalo Wild Wings, and Michael’s | Greenwood Point Ranks in the Top Five Percent of Strip/Convenience Centers in the United States, the Top Four Percent in Indiana and is the #5 Strip/Convenience Center Out of 221 in 50 Miles in Foot Traffic per Placer.ai

Across the Street from Greenwood Place with 4.8 Million Visitors per Year | 41 Tenants Including Burlington, Bubba’s 33, McDonald’s, Dunkin’, PetSmart, Five Guys, Fifth Third Bank, Subway, Jiffy Lube, and More | Greenwood Place Ranks in the Top 12 Percent of Community Shopping Centers in the United States, and the Top Nine Percent in Indiana

Located Within a Dominant Retail Node with Nearby Grocery, Dining, and Service Retailers Including, Walmart, Take 5 Oil Change, YMCA, Outback Steakhouse, Hubler Toyota, Hubler Chevrolet, AutoZone, and More

Surrounded by Established Neighborhoods and a Growing Population | Excellent Demographics: Five-Mile Population is 210,634 and Five-Mile Daytime Population is 178,195 | Five-Mile Average Household Income is $96,662, Above the National Average

Investment Highlights

  • 100% Occupied Four-Tenant Center Anchored by National Tenants Jimmy John's and Verizon | All Triple-Net Leases | Stabilized Low Average Rent/SF with 57% of the GLA Providing 3% Annual Increases
  • Outparcel to Greenwood Point Shopping Center with 1.7 Million Visitors per Year with National Tenants Such as Hobby Lobby, Portillo's, Buffalo Wild Wings, and Michael's
  • Across the Street from Greenwood Place with 4.8 Million Visitors per Year | 41 Tenants Including Burlington, Bubba's 33, McDonald's, Dunkin', PetSmart, Five Guys, Fifth Third Bank, Subway, & More

Exclusively Listed By

Shopping Strip

Verizon & Jimmy John's Center

Listing Price: $2,380,000

Cap Rate
7.33%
Gross SF
7,000
Rentable SF
7,000
Price/Gross SF
$340.00
Lot Size
1.18 acres
Year Built
2008

Investment Highlights

  • 100% Occupied Four-Tenant Center Anchored by National Tenants Jimmy John's and Verizon | All Triple-Net Leases | Stabilized Low Average Rent/SF with 57% of the GLA Providing 3% Annual Increases
  • Outparcel to Greenwood Point Shopping Center with 1.7 Million Visitors per Year with National Tenants Such as Hobby Lobby, Portillo's, Buffalo Wild Wings, and Michael's
  • Across the Street from Greenwood Place with 4.8 Million Visitors per Year | 41 Tenants Including Burlington, Bubba's 33, McDonald's, Dunkin', PetSmart, Five Guys, Fifth Third Bank, Subway, & More

Investment Overview

100 Percent Occupied Four-Tenant Center Anchored by National Tenants Jimmy John’s and Verizon | All Triple-Net Leases | Stabilized Low Average Rent per Square Foot with 57 Percent of the Gross Leasable Area Providing Three Percent Annual Increases Excellent Visibility: Combined Traffic Counts of 56,375 Vehicles per Day at the Signalized Intersection of E Stop 11 Rd and US-31 S Jimmy John’s is a Multi-Unit Operator | This Location is a Strong Performer – Ranks in the Top 67 Percent in the US by Sales (Placer.ai) Total Wireless is Owned by Verizon and Operates Over 2,000 Locations Across the US | Halal Munchies is a Growing Fast Casual Eatery that Operates Over 50 Locations Outparcel to Greenwood Point Shopping Center with 1.7 Million Visitors per Year with National Tenants Such as Hobby Lobby, Portillo’s, Buffalo Wild Wings, and Michael’s | Greenwood Point Ranks in the Top Five Percent of Strip/Convenience Centers in the United States, the Top Four Percent in Indiana and is the #5 Strip/Convenience Center Out of 221 in 50 Miles in Foot Traffic per Placer.ai Across the Street from Greenwood Place with 4.8 Million Visitors per Year | 41 Tenants Including Burlington, Bubba’s 33, McDonald’s, Dunkin’, PetSmart, Five Guys, Fifth Third Bank, Subway, Jiffy Lube, and More | Greenwood Place Ranks in the Top 12 Percent of Community Shopping Centers in the United States, and the Top Nine Percent in Indiana Located Within a Dominant Retail Node with Nearby Grocery, Dining, and Service Retailers Including, Walmart, Take 5 Oil Change, YMCA, Outback Steakhouse, Hubler Toyota, Hubler Chevrolet, AutoZone, and More Surrounded by Established Neighborhoods and a Growing Population | Excellent Demographics: Five-Mile Population is 210,634 and Five-Mile Daytime Population is 178,195 | Five-Mile Average Household Income is $96,662, Above the National Average

Exclusively Listed By

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