Shopping Strip

Duran Plaza Shelbyville IN

302 Duran Dr, Shelbyville, IN 46176

Listing Price: $2,325,000

Cap Rate
7.77%
Gross SF
13,600
Rentable SF
13,600
Price/Gross SF
$170.96
Lot Size
1.75 acres
Year Built
2010

Investment Overview

Marcus & Millichap as exclusive advisor, is pleased to present for sale Duran Plaza (the "Property"), a 13,600 square foot, multi -tenant, retail property located in Shelbyville, Indiana. The Property consists of approximately 1.75 acres of prime real estate strategically located between Super Walmart and Kroger along Indiana State Road 44, a major north and south retail corridor that experiences traffic counts in excess of 19,000+ vehicles-per-day.
The Property has 5 tenants with staggering lease expirations. Signage and frontage visibility are excellent to Indiana State Road 44. Duran Plaza is currently 100 percent occupied with a mix of national, regional and local tenants. Tenants within the subject property include, ATI Physical Therapy, Shelbyville Medical Center, Shelbyville 24 Hour Fitness, Silky Nails and Augustin's Mexican Grill. With no lease expirations until after 2021, Duran Plaza offers investors a unique opportunity to purchase a shopping center located in a growing Shelby County which has had recent new job announcements exceeding 700 new jobs in the last 6 months.

Investment Highlights

  • 13,600 SF Center with National, Regional and Local Tenants
  • 100% Occupied by Internet Resistant Tenants
  • Staggered lease expirations allow for both stable cash flow and upside opportunity
  • Strategically located between Super Walmart and Kroger.
  • Well positioned along the dominant retail corridor in Shelby County.
  • Upside potential in bringing the existing tenants up to market rents.

Exclusively Listed By

Shopping Strip

Duran Plaza Shelbyville IN

Listing Price: $2,325,000

Cap Rate
7.77%
Gross SF
13,600
Rentable SF
13,600
Price/Gross SF
$170.96
Lot Size
1.75 acres
Year Built
2010

Investment Highlights

  • 13,600 SF Center with National, Regional and Local Tenants
  • 100% Occupied by Internet Resistant Tenants
  • Staggered lease expirations allow for both stable cash flow and upside opportunity
  • Strategically located between Super Walmart and Kroger.
  • Well positioned along the dominant retail corridor in Shelby County.
  • Upside potential in bringing the existing tenants up to market rents.

Investment Overview

Marcus & Millichap as exclusive advisor, is pleased to present for sale Duran Plaza (the "Property"), a 13,600 square foot, multi -tenant, retail property located in Shelbyville, Indiana. The Property consists of approximately 1.75 acres of prime real estate strategically located between Super Walmart and Kroger along Indiana State Road 44, a major north and south retail corridor that experiences traffic counts in excess of 19,000+ vehicles-per-day.
The Property has 5 tenants with staggering lease expirations. Signage and frontage visibility are excellent to Indiana State Road 44. Duran Plaza is currently 100 percent occupied with a mix of national, regional and local tenants. Tenants within the subject property include, ATI Physical Therapy, Shelbyville Medical Center, Shelbyville 24 Hour Fitness, Silky Nails and Augustin's Mexican Grill. With no lease expirations until after 2021, Duran Plaza offers investors a unique opportunity to purchase a shopping center located in a growing Shelby County which has had recent new job announcements exceeding 700 new jobs in the last 6 months.

Exclusively Listed By

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