Marcus & Millichap is pleased to present the opportunity to acquire a 100 percent leased, 19,040-square-foot, multi-tenant retail center located in Indianapolis, Indiana. Tenants are a complementary mix of service-oriented businesses and restaurants including Le Peep Restaurant, Macizo Restaurant, Gatsby’s Pub & Grill, LB Extensions, Indianapolis Endodontics, and Staffmark Group. All leases are triple-net and include annual rent escalations, providing year-over-year income growth potential. Constructed in 1999, the center is situated on a 2.16-acre parcel with ample paved parking. A double-sided monument sign located along 71st Street Connector enhances visibility to the center.
Intech Commons Shops is located on Intech Commons Drive, near the signalized intersection of Intech Boulevard and West 71st Street. The property has close access to Interstate 465, which forms an approximately 53-mile beltway around Indianapolis. Traffic counts along West 71st Street are 38,146 vehicles per day and exceed 113,347 vehicles per day on Interstate 465. The subject property is in close proximity to several national hotel chains, such as Holiday Inn Express, Home2 Suites by Hilton, Residence Inn, Hilton Garden Inn, Courtyard, and Best Western, providing additional traffic to the area. The surrounding area benefits from a strong daytime employment population of approximately 104,221 people within a five-mile radius. The average household income is $144,655 within one mile; $85,083 within three miles; and $85,531 within five miles.
- 19,040-Square-Foot, Multi-Tenant Retail Center
- Fully Stabilized Asset | 100% Leased with Triple-Net Leases
- All Leases Include Scheduled Annual Rent Escalations, Providing Year-Over-Year Income Growth Potential
- Current Average Rents are Significantly Below Market
- Tenants are a Complementary Mix of Service-Oriented Businesses and Restaurants | Majority of the Leases are Personally Guaranteed
- Double-Sided Monument Sign Located Along 71st Street Connector Enhances Visibility
- Landlord Reports the Parking Lot was Overlaid in 2021
- Located on Intech Commons Drive Near Intech Boulevard and West 71st Street with Easy Access to Interstate 465
- Traffic Counts are Approximately 38,146 Vehicles Per Day on West 71st Street and 113,347 Vehicles Per Day on Interstate 465
- Well Positioned to Serve a Community of More Than 147,839 Residents Within a Five-Mile Radius and a Large Daytime Workforce of 104,221 People Within Five Miles | One-Mile Average Household Income is $144,655
- Located 12 Miles from Downtown Indianapolis
- Indianapolis is the 16th Most Populous City in the United States | Home to the Indy 500, Multiple Professional Sports Organizations, Three Fortune 500 Companies, Eight University Campuses, and Numerous Cultural Institutions
