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33703158
33703169

7020 Shore Terrace, Indianapolis, IN 46254

NW
IN IN AB21402364
Marcus & Millichap - Indianapolis
Listed by Marcus & Millichap - Indianapolis
$2,240,000
7 days on market
Updated 6 days ago

Eagle Highland Shops

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 14,025
Net Rentable (SqFt) 14,025
Units 7
Cap Rate 8.15%
NOI $182,488
Occupancy 100%
Price per SqFt $160
Broker Co-Op True
Year Built 1985
Buildings 1
Stories 1
Acreage 2.350
Investment Type Stabilized
Ground Lease No

100% Occupied Strip Center

Marketing description

100% occupied retail strip in Indianapolis, IN.

Investment highlights

100% OCCUPIED RETAIL STRIP CENTER

14,025 square foot strip center with 7 suites

50 percent of the GLA have been tenants for 6+ years

ALL TRIPLE NET LEASES

Minimal landlord operating responsibilities presents a passive investment to the buying community

Reduced expense exposure & inflation protection through pass-throughs

ANNUAL RENT INCREASES FOR EVERY TENANT

Each tenant have annual CPI rent increases

Built-in organic rent growth year-over-year

Strong hedge against inflation in a rising cost environment

ZERO LEASE ROLLOVER UNTIL FEBRUARY 2028

Reduced near-term capex exposure in the form of leasing/TI cost

Presents a predictable and steady cash flow stream for the mid-term hold period

EASY ACCESS TO INTERSTATE 465 BELTWAY

Immediate connectivity to Indianapolis primary beltway system

Strong regional accessibility and high traffic exposure (145k+ cars per day at this interchange)

Direct routing to major employment and population centers

HIGH-DENSITY INTERSTATE EXIT CORRIDOR SUPPORTED BY MAJOR RETAIL & MEDICAL TRAFFIC DRIVERS

Home to retail tenants like The Home Depot, Target, LA Fitness and VASA Fitness

Adjacent to the Rehabilitation Hospital of Indiana

Down the street from the IU Health Methodist Medical Plaza and the IU Health Eagle Highlands Outpatient Center

STRONG AREA DEMOGRAPHICS SUPPORTING DURABLE RETAIL DEMAND

85,000+ Residents within 3 miles | 190,000+ within 5 miles | 646,000+ within 10 miles

5 Miles from the Indianapolis Motor Speedway | Home to the largest sporting event in the world – Indianapolis 500 (350k Spectators)

10 Miles from downtown Indianapolis

Listing Contacts

NW
IN IN AB21402364
Marcus & Millichap - Indianapolis
Listed by Marcus & Millichap - Indianapolis

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$182,488.00
$15,207.33/mo

Valuation Metrics

0
DSCR
8.15%
Cap Rate
8.15%
ROI

Map

Zoning

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PK2 SpecialPark District Two
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View all 24 uses
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Last updated May 11, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Nathan Whalen
License
IN AB21402364
Brokerage Phone
3172185329
Brokerage Address
510 East 96th Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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