Listed by ParaSell Inc, Hanley Investment Group, Midland Atlantic Properties - Indianapolis
$1,646,000
Linwood Shops | Indianapolis, IN
Details
APN 1052855
Property Type Retail
Sub Type Storefront
Square Footage 6,209
Net Rentable (SqFt) 6,209
Cap Rate 8%
NOI $131,687
Occupancy 100%
Tenancy Multi
Brand/Tenant Little Caesars
Lease Type NNN
Price per SqFt $265
Broker Co-Op Yes
Year Built 1985
Buildings 1
Stories 1
Acreage 0.520
Pad to Kroger | 100% Occupied Retail Center | Excellent Visibility in Dense Area
Marketing description
CLICK HERE FOR FULL OFFERING MEMORANDUM: https://bit.ly/LinwoodShops_Indianapolis
Investment highlights
- 100% Occupied, Daily Needs Retail Center:
- Little Caesars: Original tenant in the shopping center since 2010
- Eyes By India: Original lease from 2010; Exp. 2036
- NYC Chicken & Fish: Original lease from 2025; Exp. 2036
- Cells 4 Less: Original lease from 2025; Exp. 2030
- Pad to Kroger-Anchored Shopping Center:
- Kroger is the 4th largest retailer in the world, with 2,873 locations
- Only traditional grocery store within a 3-mile radius, serving as a dominant traffic driver
- High-Visibility in Dense Retail Corridor:
- Prime intersection location: Subject property is located at the intersection of E. 10th Street and N. Linwood Avenue, offering strong exposure and accessibility
- Exceptional highway accessibility: Situated just over a mile from I-70, one of Indiana’s busiest commuter routes, with 55,000 vehicles per day
- Robust surrounding demographics: Serving a population of 102,000+ within a 3-mile radius, bolstered by nearby high schools with a combined enrollment exceeding 3,000 students
- Proximity to Downtown Indianapolis: Subject property is located less than 3 miles from downtown Indianapolis
Listing Contacts
Listed by ParaSell Inc, Hanley Investment Group, Midland Atlantic Properties - Indianapolis
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$131,687.00
$10,973.92/mo
Valuation Metrics
0
DSCR
8%
Cap Rate
8%
ROI
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