Shadeland Corner 4540-4590 N Shadeland Ave

The Klink Group of Marcus & Millichap is pleased to present for sale Shadeland Corner, a fully-occupied, 45,000-square foot neighborhood shopping center anchored by Family Dollar located in a dense residential area of Indianapolis.
Built in 1961 and renovated in 2005, Shadeland Corner sits on 5.30 acres along E 46th Street and N Shadeland Avenue, which experiences approximately 45,000 vehicles-per-day. The Property is located just north of downtown Indianapolis and caters to the +/-42,000 residents within a 2-mile radius of the property.
Shadeland Corner is currently 100% occupied by a synergistic mix of tenants that service a number needs including a mix of restaurants, financial services, consumer goods, childcare, personal beauty. The majority of the current tenants operate under triple-net leases; reimbursing for their pro-rata share of operating expenses, significantly minimizing landlord expense exposure. Significant value-add upside potential in included developable outparcel.
The offering is a strong investment opportunity for an incoming investor looking for high intrinsic real estate value at an attractive price per square foot in a major Midwest metro location with dense surrounding demographics.