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22251603

4225 E 82nd St, Indianapolis, IN 46250

BF
IL 471007951, WI 57176-90 (+4)
Northmarq Capital, LLC
ML
IL 475.168125, OH BRKA.2017005475
Northmarq - Chicago
Listed by Northmarq Capital, LLC, Northmarq - Chicago
$9,738,772
451 days on market
Updated 152 days ago

Fresh Thyme Anchored Retail Center

Details
APN 8063752
Property Type Retail
Sub Type Convenience Store, Grocery Store (+1)
Square Footage 36,764
Cap Rate 7.25%
Occupancy 100%
Tenancy Multi
Brand/Tenant Fresh Thyme, Comcast (+1)
Lease Term 15
Lease Expiration 09/30/2029
Remaining Term 3.3
Year Renovated 2014
Buildings 1
Acreage 3.780
Lease Commencement 09/24/2014
Occupancy Date 09/24/2014
Ownership Fee-Simple

Essential Grocery-Anchored Retail Center | Limited Landlord Responsibilities

Marketing description

Northmarq is pleased to exclusively offer for sale the opportunity to acquire the 100% fee simple interest in the Fresh Thyme Anchored Center asset, a ±36,764 SF multi-tenant retail property located at 4225 E 82nd St | Indianapolis, IN 46250 (“The Property”). Situated on a ±3.78-acre parcel, the Property is fully occupied by Fresh Thyme Farmers Market, Comcast Xfinity, and Push! Fitness for Women. Each tenant is operating under NNN leases, with landlord responsibility limited to the roof and structural components of the premises, offering a passive investment opportunity.

The Property is located 11 miles northeast of downtown Indianapolis and is strategically positioned in a major retail corridor while surrounded by a robust demographic environment. The center benefits from its excellent access and visibility, with its proximity to major arterials, I-465 and I-69, connecting the Property with the greater Indianapolis area. Its signalized intersection location allows the tenants to capture customers from the traffic driven by the area's surrounding retail. The Property is located in a very dense retail corridor of Indianapolis, situated one mile from The Fashion Mall at Keystone, a shopping mall with over 120 stores and restaurants. Along with the strong surrounding retail, the Property serves a trade area of more than 174,000 people with an average household income of $123,227 within 5 miles.

Investment highlights

  • Essential Grocery-Anchored Retail Asset

  • Successful Original Tenant Roster

  • NNN Leases with Limited Landlord Responsibilities

  • Dynamic Retail Corridor

  • Excellent Visibility and Access

  • Dense, Affluent Demographics

Listing Contacts

BF
IL 471007951, WI 57176-90 (+4)
Northmarq Capital, LLC
ML
IL 475.168125, OH BRKA.2017005475
Northmarq - Chicago
Listed by Northmarq Capital, LLC, Northmarq - Chicago

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