Listed by EXP Commercial
$3,750,000
1950 Kessler Blvd W Dr
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 5,936
Units 4
Cap Rate 5.64%
NOI $211,383
Occupancy 100%
Tenancy Multi
Year Built 2007
Acreage 0.290
Ownership Fee Simple
Retail | 5.64% CAP | 5,936 SF
Marketing description
Tenants include Starbucks, Subway, Simple Garden CBD, and Castle Nails at highly-trafficked intersection and densely-populate trade area. Area retailers include Dollar Tree and Walmart Neighborhood Market.
Investment highlights
- Excellent Multi-Tenant Investment Opportunity
- Fee Simple, Starbucks with drive-thru anchored 4 tenant retail center (over 3.5 miles to closest Starbucks drive-thru)
- Starbucks lease expires in 2/2033 with 4 options of 5 years
- Quality construction
- Internet-resistant tenant mix and long-term occupancy history
- Extremely high visibility with approximately 45,000 vehicles per day on Michigan Rd and Kessler Blvd
- Infill location with over 240,000 population within 5 miles
- Located at fully signalized intersection
- Strong average household incomes of $113,800 within 1 mile and $106,777 within 3 mile
- Less than 6 miles from downtown Indianapolis
Listing Contacts
Listed by EXP Commercial
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$211,383.00
$17,615.25/mo
Valuation Metrics
0
DSCR
5.64%
Cap Rate
5.64%
ROI
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