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5050 E 38th St
Indianapolis, IN 46218

$999,999 USD

Freestanding For Sale  •  7,864 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 7,850 SF
  • Lot Size 0.76 AC
  • Building Class C
  • Year Built 1967
  • Cap Rate 8.90 %
  • Tenancy Multiple
  • Zoning C
37 Transit Score
52 Walk Score

Highlights

Attractive Fundamentals at $127 PSF and Rents Averaging Less Than $12 PSF & New Roof in 2023
Minimal Landlord Responsibilities with Net Lease Structure-Tenants Reimburse Pro-Rata Share of Common Area Maintenance, Taxes, Insurance and Mgmt.
Infill Location with Captive Customer Base Along a Major Thoroughfare in Indianapolis
Located in Dense Retail Trade Area, Nearby Retailers Include Dollar general, CVS, Fresh Market, Goodwill, Walgreens and More
Sustainable Rents with Rent Per Square Foot Averaging Less Than $12
Emerson Square Offers a Synergistic, E-Commerce Resistant Tenant Base: Hair Salons/Barbershop, Smoke Shop & a Food Shop

Property Flyers

Cap Rate: 8.90 %

Amenities

  • Bus Line
  • Fenced Lot
  • Pylon Sign
  • Signage
  • Tenant Controlled HVAC

Public Transportation

Commuter RailDriveWalkDistance
Indianapolis (Cardinal - Amtrak) 13 min - 7.7 mi
AirportDriveWalkDistance
Indianapolis International 35 min - 20.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 60
Type: Surface
Included in Rent: Yes
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