List Search

2710 W 16th St
Indianapolis, IN 46222

$1,558,000 USD

Freestanding For Sale  •  12,544 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 12,544 SF
  • Lot Size 0.76 AC
  • Building Class B
  • Year Built 1992
  • Cap Rate 7.15 %
  • Tenancy Single
  • Zoning ZO01
34 Transit Score
48 Walk Score

Highlights

Located 1 Mile From Indianapolis Motor Speedway And 2 Miles From Downtown Indianapolis Along A Commuter Thoroughfare That Experiences +/-30,000 VPD
Excellent 1031 Exchange Opportunity And Minimal Landlord Responsibilities With A Management Company Currently In Place
Unique And Rare Opportunity To Acquire A Dollar General Market Located In A Dense Infill Metro Location
Limited Immediate Market Competition; This Dollar General Market Is The Only Grocery Store Offering Along W 16th Street
Top 30% Ranking – All DG Stores – State Of Indiana – Placer AI
+/-5 Years Remaining On Firm Term Lease With 2, 5-year Renewal With Substantial Rental Increases At Each Option Period
Cap Rate: 7.15 %

Amenities

  • Pylon Sign
  • Signage
  • Drive Thru
  • Air Conditioning

Public Transportation

Commuter RailDriveWalkDistance
Indianapolis (Cardinal - Amtrak) 9 min - 4.1 mi
AirportDriveWalkDistance
Indianapolis International 24 min - 12.8 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 65
Type: Surface
Included in Rent: Yes
Jordan Klink 317-218-5316 Marcus & Millichap
Jordan Klink 317-218-5316 Marcus & Millichap