The College Park Shopping Center, 20,176 square feet, stands as a premier retail center located at the high-traffic intersection of 86th Street and Michigan Road in Indianapolis. Its strategic position, bolstered by an exclusive left turn lane, guarantees easy access for consumers, enhancing its leasing opportunities. Fully leased with an average base-rent below the market’s average of $21.40 —this center offers noteworthy investment upside. Its mix of long-standing, smaller tenants highlights a robust occupancy history and location desirability. College Park Shopping Center represents a significant retail center and an attractive opportunity for value-add and innovative leasing strategies.?
Sell Off Single Tenant Asset - The property has a single tenant, stand alone property that could be spun off after the sale to help recapture your purchase price and lower the new owner’s basis.?
Below Market Rent - The property's average base rent is lower than comparable properties in the area.
Landlord Termination Rights - Fast termination options would allow a buyer to capture new market opportunities in an inexpensive manner