Listed by Marcus & Millichap - Indianapolis
$2,380,000
Verizon & Jimmy John's Center
Details
Property Type Retail
Sub Type Restaurant, Shopping Center
Square Footage 7,000
Net Rentable (SqFt) 7,000
Units 4
Cap Rate 7.33%
NOI $174,432
Occupancy 100%
Tenancy Multi
Brand/Tenant Jimmy John's, Verizon
Lease Type NNN
Rent Bumps Yes
Price per SqFt $340
Class A
Year Built 2008
Year Renovated 2009
Buildings 1
Acreage 1.180
Zoning Commercial
Investment Type Stabilized
Tenant Credit Corporate Guarantee
Ground Lease No
Sale Condition N/A
Retail | 7.33% CAP | 7,000 SqFt
Marketing description
- 100% Occupied Four-Tenant Center Anchored by National Tenants Jimmy John's and Verizon | All NNN Leases | Stabilized Low Average Rent/SF with 57% of the GLA Providing 3% Annual Increases
- Excellent Visibility: Combined Traffic Counts of 56,375 VPD at the Signalized Intersection of E Stop 11 Rd and US-31 S
- Jimmy John's is a Multi-Unit Operator | This Location is a Strong Performer – Ranks in the Top 67% in the US by Sales (Placer.ai)
- Total Wireless is Owned by Verizon and Operates 2,000+ Locations Across the US | Halal Munchies is a Growing Fast Casual Eatery that Operates 50+ Locations
- Outparcel to Greenwood Point Shopping Center with 1.7 Million Visitors per Year with National Tenants Such as Hobby Lobby, Portillo's, Buffalo Wild Wings, and Michael's | Greenwood Point Ranks in the Top 5% of Strip/Convenience Centers in the United States, the Top 4% in Indiana and is the #5 Strip/Convenience Center Out of 221 in 50 Miles in Foot Traffic per Placer.ai
- Across the Street from Greenwood Place with 4.8 Million Visitors per Year | 41 Tenants Including Burlington, Bubba's 33, McDonald's, Dunkin', PetSmart, Five Guys, Fifth Third Bank, Subway, Jiffy Lube, and More | Greenwood Place Ranks in the Top 12% of Community Shopping Centers in the United States, and the Top 9% in Indiana
- Located Within a Dominant Retail Node with Nearby Grocery, Dining, and Service Retailers Including, Walmart, Take 5 Oil Change, YMCA, Outback Steakhouse, Hubler Toyota, Hubler Chevrolet, AutoZone, and More
- Surrounded by Established Neighborhoods and a Growing Population | Excellent Demographics: Five-Mile Population is 210,634 and Five-Mile Daytime Population is 178,195 | Five-Mile Average Household Income is $96,662, Above the National Average
Investment highlights
- 100% Occupied Four-Tenant Center Anchored by National Tenants Jimmy John's and Verizon | All NNN Leases | Stabilized Low Average Rent/SF with 57% of the GLA Providing 3% Annual Increases
- Excellent Visibility: Combined Traffic Counts of 56,375 VPD at the Signalized Intersection of E Stop 11 Rd and US-31 S
- Jimmy John's is a Multi-Unit Operator | This Location is a Strong Performer – Ranks in the Top 67% in the US by Sales (Placer.ai)
- Total Wireless is Owned by Verizon and Operates 2,000+ Locations Across the US | Halal Munchies is a Growing Fast Casual Eatery that Operates 50+ Locations
- Outparcel to Greenwood Point Shopping Center with 1.7 Million Visitors per Year with National Tenants Such as Hobby Lobby, Portillo's, Buffalo Wild Wings, and Michael's | Greenwood Point Ranks in the Top 5% of Strip/Convenience Centers in the United States, the Top 4% in Indiana and is the #5 Strip/Convenience Center Out of 221 in 50 Miles in Foot Traffic per Placer.ai
- Across the Street from Greenwood Place with 4.8 Million Visitors per Year | 41 Tenants Including Burlington, Bubba's 33, McDonald's, Dunkin', PetSmart, Five Guys, Fifth Third Bank, Subway, Jiffy Lube, and More | Greenwood Place Ranks in the Top 12% of Community Shopping Centers in the United States, and the Top 9% in Indiana
- Located Within a Dominant Retail Node with Nearby Grocery, Dining, and Service Retailers Including, Walmart, Take 5 Oil Change, YMCA, Outback Steakhouse, Hubler Toyota, Hubler Chevrolet, AutoZone, and More
- Surrounded by Established Neighborhoods and a Growing Population | Excellent Demographics: Five-Mile Population is 210,634 and Five-Mile Daytime Population is 178,195 | Five-Mile Average Household Income is $96,662, Above the National Average
Listing Contacts
Listed by Marcus & Millichap - Indianapolis
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$174,432.00
$14,536.00/mo
Valuation Metrics
0
DSCR
7.33%
Cap Rate
7.33%
ROI
Map
Zoning
C4 CommercialNeighborhood CommercialCommunity Regional District
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View all 152 uses Last updated May 11, 2026 For deeper zoning details, reports are available at Zoneomics
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