Marwood Plaza

  • $6.6M
Featured For Sale
3335 Kentucky Avenue, Indianapolis, IN 46221, USA
Featured

Marwood Plaza

3335 Kentucky Avenue, Indianapolis, IN 46221, USA
  • $6.6M

Description

Investment Highlights
• Kroger Anchored Shopping Center: 74% occupied 107,080 SF grocery-anchored shopping center; national tenants include Kroger (NYSE: KR), Chase Bank (NYSE: JPM), H&R Block (NYSE: HRB), Pet Valu, Sprint (NYSE: S), Great Clips, and Little Caesar’s
• Limited Competition with Strong Grocer Sales: Kroger reports sales of $498 PSF translating to a 1.3% health ratio
• Immediate Value Add: Through the lease up of 26% vacancy representing 27,400 SF of shop space
• High Yield Investment: 8% cap rate on current NOI and 12.43% cap rate on proforma
• Safe and Secure Income Stream: 82% of the income comes from national tenants
• Low Price Per Square Foot: Priced below replacement cost at $62 PSF
• Proximity to Airport and Downtown: 3 miles west of Indianapolis International Airport and 5.5 miles south of downtown Indianapolis
• Top 35 MSA: Indianapolis is a top 35 MSA in the US with approximately 2.4 million people

Broker of Record
JDS Real Estate Services, Inc.
License: RC51500226

Details

Updated on June 19, 2019 at 6:44 pm
  • Property ID: 11419
  • Price: $6.6M
  • Property Size: 107080 sqft
  • Year Built: 1972
  • Property Type: Retail
  • Property Status: For Sale
  • Price Per/Sf: 61.54
  • Lot Size (acres): 9.85
  • Tenancy: Multi
  • Cap Rate: 8.00%
  • Net Operating Income: 527,153

Additional details

  • Occupancy: 74%
  • Address 3335 Kentucky Avenue, Indianapolis, IN 46221, USA
  • City Indianapolis
  • State/county Indiana
  • Zip/Postal Code 46221
  • Area Decatur
  • Country United States

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Contact Information

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ERIC WOHL
  • ERIC WOHL
  • 949.585.7673

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ERIC WOHL
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