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4540-4590 N Shadeland Ave
Indianapolis, IN 46226

$3,560,000 USD

General Retail For Sale  •  45,402 SF

Property Details

• Property Type General Retail
• Total Building Size 45,000 SF
• Lot Size 5.3 AC
• Building Class B
• Year Built 1961
• Cap Rate 8.26 %
• Tenancy Multiple
• Zoning C4

26 Transit Score

50 Walk Score

Highlights

Anchored by Family Dollar- They Occupy Approximately 22.05% of the Total GLA

Attractive NNN Leases-Majority of the Tenants Reimburse for Combination of CAM, Taxes, Insurance, CAM Admin and Management Fee Expenses

Multiple Points of Ingress/Egress off East 46th Street and Shadeland Avenue, which Experiences +/-45,000 VPD

Sustainable Rents – Rent Per Square Foot Averaging Less Than $8

Value-Add Upside – Developable Outparcel

Shadeland Corner Offers a Synergistic, E-Commerce Resistant Tenant Base: Child Care, Hair & Eyebrow Salons, Family Dollar, Centra-Credit Unio

Cap Rate:

8.26 %

Amenities

• Pylon Sign
• Signage
• Air Conditioning

Public Transportation

Airport	Drive	Walk	Distance
Indianapolis International	40 min	-	23.4 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	197
Type:	Surface
Included in Rent:	Yes