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1010-1080 N Morton St
Franklin, IN 46131 Southside Indianapolis

$11,310,000 USD

Storefront For Sale  •  85,980 SF

Property Details

• Property Type Storefront
• Total Building Size 85,980 SF
• Lot Size 10.2 AC
• Building Class A
• Year Built 2017
• Cap Rate 7.65 %
• Tenancy Multiple
• Zoning MXC

0 Transit Score

50 Walk Score

Highlights

Franklin Commons is an 85,980 SF Kroger Marketplace Shadow-Anchored Shopping Center

Kroger Shadow-Anchored: Kroger is the 4th largest retailer in the world with 2,750 grocery stores

100% National Tenants including Marshalls (NYSE: TJX; S&P: A), Ross (NYSE: ROST; S&P: BBB+), Five Below, Maurices, PetSmart, and Shoe Dept. Encore

Below Replacement Cost; $132 PSF

Offered at a 7.65% Cap Rate with Near-Term Value-Add through Increasing Below-Market Rents

9.59% Proforma Cap Rate 3.07% CAGR; 35% NOI growth over 10 Years

Cap Rate:

7.65 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Five Below		6/30/2027
Marshalls		8/31/2027
Maurices		1/31/2027
PetSmart		6/30/2027
Ross Dress for Less		1/31/2028
Shoe Dept.		6/30/2027

Public Transportation

Airport	Drive	Walk	Distance
Indianapolis International	50 min	-	29.9 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	424
Type:	Surface
Included in Rent:	Yes