10695 Us HwyIndianapolis, IN 46234

This exceptional investment opportunity presents a 50,233 square foot, single-story retail building in Indianapolis, Indiana. Situated on a 5.24-acre lot with 223 parking spaces, the property boasts 100% occupancy with two corporate-backed tenants: PetSmart and Bob's Discount Furniture. Both tenants are secured by long-term leases (10+ years) with built-in rent bumps, providing stable income and significant upside potential. The property features a strong Net Operating Income (NOI) of $756,300 and a 7.15% cap rate. Built in 2008 and renovated in 2024, this prime location benefits from high visibility on a major retail corridor, experiencing 45,000 vehicles per day. The property is strategically positioned at the entrance to a large, successful shopping center, surrounded by other major retailers including Target, Walmart, Lowe's, Kroger, Costco, Meijer, and Menard's. The property's size and location offer excellent long-term fungibility. The asking price is $10,578,000, representing a price per square foot of $210.58. The property's address is 10695 E US Hwy 36, Indianapolis, IN 46234. APN: 32-09-08-202-002.000-031.