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502 N Rural St
Indianapolis, IN 46201 Near Eastside

$1,400,000 USD

Freestanding For Sale  •  9,703 SF

Property Details

• Property Type Freestanding
• Total Building Size 12,008 SF
• Lot Size 0.6 AC
• Building Class C
• Year Built 1985
• Cap Rate 9.00 %
• Tenancy Single
• Zoning ZO01

40 Transit Score

60 Walk Score

Highlights

Single-Tenant Neighborhood Market with Long-Term Stability

Renovated in 2022, featuring a 12,008 SF building with ample on-site parking

NNN Lease with minimal landlord responsibilities

6+ years remaining with a 10% increase in September 2030

Established tenant within the local community

Neighborhood-Serving Grocery Anchor: La Ceiba Supermarket provides a convenient grocery option for the Eastside of Indianapolis

Cap Rate:

9.00 %

Public Transportation

Commuter Rail	Drive	Walk	Distance
	9 min	-	3.2 mi
Airport	Drive	Walk	Distance
Indianapolis International	30 min	-	16.2 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	40
Type:	Surface
Included in Rent:	Yes