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8245-8335 S US Highway 31
Indianapolis, IN 46227 South Perry

$8,840,000 USD

Storefront For Sale  •  56,920 SF

Property Details

• Property Type Storefront
• Total Building Size 56,992 SF
• Lot Size 5.49 AC
• Building Class B
• Year Built 1986
• Cap Rate 8.00 %
• Tenancy Multiple
• Zoning C-5

25 Transit Score

53 Walk Score

Highlights

100% Occupied 56,992 SF Shopping Center Positioned Along US-31 (S. Meridian St) | High Visibility in Major Indianapolis Corridor

Discount Tire Recently Renovated Their Entire Store at Own Cost of Over $300,000

New Roof in 2024 with 15 Year Warranty Over Circle City Bargains, Abuelito Mexican and Ichiban

Dense Demographics – Over 209K People in 5-Mile Radius | Avg. Household Income Exceeding $83,000

Below Market Average Rent/SF of $13.87 with 18% of the GLA Having No Options

Excellent Ingress/Egress Along US-31 | Positioned in a Retail Node with Heavy Commuter & Destination Traffic

Property Flyers

Greenbrook Shoppes OM - rfs

Cap Rate:

8.00 %

Amenities

• Signage

Public Transportation

Commuter Rail	Drive	Walk	Distance
	15 min	-	8.6 mi
Airport	Drive	Walk	Distance
Indianapolis International	32 min	-	18.3 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Type:	Surface
Included in Rent:	Yes