5411 - 5413 Washington Street is a 13,483 square-foot retail building located within the Airport submarket of Indianapolis. The Property is conveniently located along Washington street, which offers access to almost 21,000 cars daily. The building is 100% occupied. Overall, the building provides the savvy investor strong cash flow from a stabilized asset that will experience good rental growth and the exciting potential for redevelopment in a strong Indianapolis submarket. The property has an average rent below comparable buildings , offering value-add opportunity for the new owner.
Proven Operating History - The property has 2 tenants that have an average operating history of 10+ years. The property has been operating within the Rent-A-Center system for 20+ years
Below Market rent - The property averages base rent below comparable centers in the area which are averaging $13.29 psf.
Landlord Termination Rights - Landlord termination options for over 57.9% of the property