317-709-1682
5411 W Washington St, Indianapolis, IN for Sale
Storefront - FOR SALE
1/4
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5411 W Washington St
Indianapolis, IN 46241


OVERVIEW

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

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.92 AC

LAND SF

40,075 SF

ZONING

Commercial

APN/PARCEL ID

49-12-12-109-034.000-930

ASK ABOUT THIS PROPERTY

Joseph CoombesMarket Commercial Real EstateMore Info
317-709-1682

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Joseph CoombesMarket Commercial Real EstateMore Info
317-709-1682

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.