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3643-3677 W 86th St
Indianapolis, IN 46268 Augusta

$4,025,000 USD

Storefront For Sale  •  19,676 SF

Property Details

  • Property Type Storefront
  • Total Building Size 19,676 SF
  • Lot Size 1.39 AC
  • Building Class B
  • Year Built 1984
  • Cap Rate 7.75 %
  • Tenancy Multiple
  • Zoning ZO01
29 Transit Score
45 Walk Score

Highlights

100% Occcupied 19,676 SF Multi-Tenant Retail Asset Positioned Along W. 86th Street – One of Indianapolis’ Busiest Retail Arteries
Directly Surrounded by National Tenants Including Walmart, Costco, Lowes and Aldi
Reasonable Average Rents/SF of $15.94 With Many Tenants Having No Remaining Options
Freestanding Tire Central and Service Building Included in Offering
Dense Demographics with 140,971 Residents Within 5 Miles and Strong Household Incomes Averaging $112,000
Strong Annual 5% Rent Bumps Scheduled in Option Periods on 62% of the GLA

Property Flyers

Cap Rate: 7.75 %

Major Tenants

Tenant SF Occupied Lease End Date
86 Fullbar Resto 4,665 SF 10/31/2032
Tire Central and Service 5,266 SF 11/30/2028

Amenities

  • Bus Line
  • Pylon Sign
  • Security System
  • Signage
  • Tenant Controlled HVAC
  • Wheelchair Accessible
  • Air Conditioning
  • Smoke Detector

Public Transportation

AirportDriveWalkDistance
Indianapolis International 39 min - 22.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 110
Type: Surface
Included in Rent: Yes
Craig Fuller 216-264-2043 Marcus & Millichap
Craig Fuller 216-264-2043 Marcus & Millichap