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22542669
22542670

5940 E 10th St, Indianapolis, IN 46219

MC
NY NY 10491206986
Cleeman Realty Group
Listed by Cleeman Realty Group
$5,350,000
434 days on market
Updated 28 days ago

Arlington Square - Indianapolis, IN

Details
APN 7006179;7000828;7007188;7003036;7013505
Property Type Retail
Sub Type Grocery Store, Shopping Center (+1)
Square Footage 58,107
Net Rentable (SqFt) 58,107
Units 3
Cap Rate 9.49%
NOI $507,860
Occupancy 100%
Tenancy Multi
Brand/Tenant Dollar Tree, Rent A Center (+1)
Lease Type NNN
Remaining Term 10
Price per SqFt $92
Broker Co-Op Yes
Buildings 3
Acreage 5.700
Investment Type Stabilized
Ownership Fee Simple

Grocery Anchored Retail | 9.50% CAP | 58,107 SF

Marketing description

Cleeman Realty Group is pleased to present the exclusive opportunity to acquire Arlington Square located at 9948 Airport Boulevard, Mobile, AL5940 E 10th Street and 1005 N Arlington Avenue, Indianapolis, IN. New long term anchor lease with Los Paisanos Supermarket thru April 2035 brings stability and traffic flow to the center. Other notable tenants include Dollar Tree and Rent A Center. The property benefits from excellent visibility on the highly trafficked E. 10th Street and Arlington Ave with combined traffic counts of 38,000+ VPD.

Contact us to learn more.

Investment highlights

  • 100% occupied grocery anchored retail center with a national tenant line up that includes Dollar Tree and Rent A Center along with several local and regional tenants with some dating back to the center since the 1980’s

  • New long term anchor lease with Los Paisanos Supermarket thru April 2035 bringing stability and traffic flow to the center

  • Infill location with over 88,000 people within a 3-mile radius. Nearby retailers include Kroger, Ross, Aldi, Walgreens, CVS, AutoZone, O’Reilly and Ace

  • Property benefits from excellent visibility on the highly trafficked E. 10th Street and Arlington Ave with combined traffic counts of 38,000+ VPD

  • The Dollar Tree and Rent A Center are attracting customers from over 5 miles away (ADVAN)

  • Property is conveniently located within a 15-minute drive to the Indianapolis Regional Airport and a 23-minute drive to the Indianapolis International Airport

Listing Contacts

MC
NY NY 10491206986
Cleeman Realty Group
Listed by Cleeman Realty Group

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$507,860.00
$42,321.67/mo

Valuation Metrics

0
DSCR
9.49%
Cap Rate
9.49%
ROI

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Additional Information

Name
Compass Indiana LLC
License
RB17000075
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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