317-709-1682
8245-8335 S US Highway 31, Indianapolis, IN for Sale
Storefront - FOR SALE
1/10
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8245-8335 S US Highway 31
Indianapolis, IN 46227


OVERVIEW

Greenbrook Shoppes, 56,992 square feet, stands prominently in the primary retail district on Indianapolis’s south side. Positioned strategically along US-31 South, it facilitates smooth access from all lanes of traffic ensuring seamless traffic flow. This center maintains full occupancy, underscoring its appeal in a competitive marketplace. With an average base rent —substantially below the market’s average of $17.50—Greenbrook Shoppes presents a significant opportunity for value enhancement. The area surrounding Greenbrook is shared by national retailers and attractions such as Greenwood Park Mall, Hobby Lobby, Michael’s, and Lowe’s Home Improvement, positioning it as a focal point in the retail landscape and offering strategic investment potential. 100% Occupancy - Strong tenant mix with complimentary uses and having high levels of occupancy since the center’s construction in 1986 allows for the Landlord to have peace of mind to the future occupancy of the center Below Market Rent - The property's average Base Rent is below comparable centers in the area, with other centers averaging $17.50 psf Landlord Termination Rights - Fast termination options would allow a buyer to capture new market opportunities in an inexpensive manner

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Greenbrook Shoppes

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.08 AC

LAND SF

177,725 SF

ZONING

C-5

APN/PARCEL ID

49-15-19-113-005.000-500

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.