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This retail center offers a 5 year lease from the main tenant (Car X) and the ability to lease the remaining square footage to greatly increase the cap rate. The pro forma cap rate is over 8.50%. The available spaces for lease are 1,350 square feet up to 4,050 square feet. This property offers excellent visibility with high traffic counts. It could be a great place for your retail or office use. Perhaps is could be a nail salon, hair salon, tax preparation, dollar store, check cashing, groceries, accountant, attorney, insurance company, etc.
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Courtesy of: RE/MAX Advanced Realty Information Deemed Reliable But Not Guaranteed. ©2022 Metropolitan Indianapolis Board of REALTORS®. Updated: 27th January, 2023 8:12 PM (UTC)