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5840 Promenade Shops Blvd
Noblesville, IN 46062

$5,050,000 USD

Freestanding For Sale  •  15,000 SF

Property Details

• Property Type Freestanding
• Total Building Size 15,000 SF
• Lot Size 1.46 AC
• Year Built 2023
• Cap Rate 7.15 %
• Tenancy Multiple

0 Transit Score

31 Walk Score

Highlights

Tenant is Responsible For Common Area Maintenance, Property Taxes, Insurance, HVAC & Parking Lot

Brand-New 2023 Construction

11% Rental Increases Every 5 Years and Each Renewal Option

Minimal Landlord Responsibilities (Roof & Structure – Roof Warranty in Place)

+/-$70M Mixed-Use Development (Midland Pointe) Across Street will Include Wawa, Crew Car Wash, Bank Building, Retail Strip Centers and Residential

5-Mile Average Household Income of +/-$128,000 and 5-Mile Consumer Spending Approximately $2.3 Billion

Cap Rate:

7.15 %

Public Transportation

Airport	Drive	Walk	Distance
Indianapolis International	62 min	-	39.2 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	45
Type:	Surface
Included in Rent:	Yes