8220 E 106th St, Indianapolis, IN 46256

The Shops at Concourse is an ideal 1031 exchange asset due to its existing long-term cash flow with the opportunity to increase investor yields long-term via mark-to-market potential in a rapidly growing suburban retail submarket. This premier offering represents an ideal opportunity to acquire a stabilized retail center in one of the most desirable and growing cities of Hamilton County, Indiana.

Developed in 2018, Shops at Concourse is a modern neighborhood shopping center strategically positioned in a high-visibility location on the 106th Street roundabout at Crosspoint Boulevard, just west of I-69. The Shops at Concourse is fully occupied by four tenants, with a weighted average remaining lease term of 4.45 years. Existing In-place rents are 17-33% below market, and 50% below new construction rents, illustrating rapid rent growth in this very tight suburban retail submarket. This best-in-class retail center combines strong tenancy, long-term cash flow, and exceptional market placement in a thriving high-growth market.