Shopping Strip

Sunny Side Plaza

10830 Pendleton Pike, Indianapolis, IN 46236

Listing Price: $1,345,000

Cap Rate
8.28%
Gross SF
14,964
Rentable SF
14,964
Price/Gross SF
$89.88
Lot Size
2.00 acres
Year Built
2009

Investment Overview

Marcus & Millichap is pleased to present for your acquisition review Sunny Side Plaza in Indianapolis,Indiana.
Sunny Side Plaza is a 14,964 square foot shopping destination located at Pendleton Pike and E 59th Street. The Plaza benefits from the adjacent Walmart that draws shoppers and employees from the surrounding towns- a population of more than 155,000 people 5 miles out. Being planted firmly in one of the strongest retail corridors in Indianapolis has its advantages. In addition to Walmart, traffic is driven by other national retailers like Kohls and Kroger. The current daytime population within 3 miles is 44,287, providing the perfect perspective clientele for tenants like Camp Bow Wow. Since 2000, the immediate areas population has grown a staggering 50%, with future growth anticipated. Purchasing power of the surrounding population is a healthy at $79,908- offering plenty of disposable income to support the centers tenants.
Investors can enjoy a predictable, passive income as the NNN leases require minimal landlord responsibility; add to that the peace of mind that comes with staggered rollover and historically low vacancy that comes with sites excellent traffic counts. The developer increased that exposure with a pylon and monument signage. Tenants include a diversified mix of e-resistant, service- based groups like Camp Bow Wow, Q Nails, and Silky Smooth Hair Salon. The current owner recently completed capital improvements with special attention to the roof, providing a boost to the probability of tenants long-term commitment to the complex on top of their already low rents. The strong tenant mix, staggered leases already in place, growing market, and locations guaranteed traffic make Sunny Side Plaza a perfect investment opportunity for both experienced and new owners.

Investment Highlights

  • 100% Occupied Multi-Tenant Retail Center
  • Diverse, E-Resistant Tenant Mix
  • Staggered Rollover Risk with Upside in Bringing Rents up to Market
  • Adjacent to Walmart, Kroger & Lowes
  • Excellent Visibility from more than 41,290 Vehicles Per Day

Exclusively Listed By

Listing Price: $1,345,000

Cap Rate
8.28%
Gross SF
14,964
Rentable SF
14,964
Price/Gross SF
$89.88
Lot Size
2.00 acres
Year Built
2009

Investment Highlights

  • 100% Occupied Multi-Tenant Retail Center
  • Diverse, E-Resistant Tenant Mix
  • Staggered Rollover Risk with Upside in Bringing Rents up to Market
  • Adjacent to Walmart, Kroger & Lowes
  • Excellent Visibility from more than 41,290 Vehicles Per Day

Investment Overview

Marcus & Millichap is pleased to present for your acquisition review Sunny Side Plaza in Indianapolis,Indiana.
Sunny Side Plaza is a 14,964 square foot shopping destination located at Pendleton Pike and E 59th Street. The Plaza benefits from the adjacent Walmart that draws shoppers and employees from the surrounding towns- a population of more than 155,000 people 5 miles out. Being planted firmly in one of the strongest retail corridors in Indianapolis has its advantages. In addition to Walmart, traffic is driven by other national retailers like Kohls and Kroger. The current daytime population within 3 miles is 44,287, providing the perfect perspective clientele for tenants like Camp Bow Wow. Since 2000, the immediate areas population has grown a staggering 50%, with future growth anticipated. Purchasing power of the surrounding population is a healthy at $79,908- offering plenty of disposable income to support the centers tenants.
Investors can enjoy a predictable, passive income as the NNN leases require minimal landlord responsibility; add to that the peace of mind that comes with staggered rollover and historically low vacancy that comes with sites excellent traffic counts. The developer increased that exposure with a pylon and monument signage. Tenants include a diversified mix of e-resistant, service- based groups like Camp Bow Wow, Q Nails, and Silky Smooth Hair Salon. The current owner recently completed capital improvements with special attention to the roof, providing a boost to the probability of tenants long-term commitment to the complex on top of their already low rents. The strong tenant mix, staggered leases already in place, growing market, and locations guaranteed traffic make Sunny Side Plaza a perfect investment opportunity for both experienced and new owners.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower