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505 E Thompson Rd
10,125 SF of Retail Space Available in Indianapolis, IN 46227
Sublease Highlights
- Former CVS stand-alone retail building for sublease
- High visibility & prominent facade
- Pylon signage available, as well as a drive-thru
- Spacious interior with versatile layout
- Potential for creative retail environment - proven retail history in established area
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 505 | 10,125 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor, Ste 505
Previously occupied by a renowned retail brand, this stand-alone building offers a versatile & spacious interior, ideal for a wide range of retail uses. The property features a prominent facade, ample parking space, & high visibility, ensuring maximum business exposure. With a well-designed layout, flexible floor space, & potential for customization, tenants have the opportunity to create a dynamic retail environment tailored to their unique vision. Embrace the opportunity to lease this former CVS building & establish a thriving retail presence in a prime location.
- Sublease space available from current tenant
- Fully Built-Out as a Convenience Store
- Space is an outparcel at this property
- Space is in Excellent Condition
- Central Air and Heating
- Drive Thru
- Professional Lease
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 505 E Thompson Rd , Indianapolis, IN 46227
| Property Type | Retail | Year Built | 1999 |
| Property Subtype | Drug Store | Parking Ratio | 5.43/1,000 SF |
| Gross Leasable Area | 10,125 SF |
| Property Type | Retail |
| Property Subtype | Drug Store |
| Gross Leasable Area | 10,125 SF |
| Year Built | 1999 |
| Parking Ratio | 5.43/1,000 SF |
About the Property
Discover the vibrant surroundings of this property on the south side of Indianapolis, IN. Situated on the SW corner of Thompson Rd. & East St./US31S. Located in a dynamic area filled with a variety of amenities, tenants will enjoy easy access to popular dining options, retail centers, & recreational attractions. Within close proximity, locals & visitors can explore the beautiful Garfield Park. Multiple interstates & city thoroughfares (I-465, I-65, I-69, & US 31S) are nearby.
- Bus Line
- Corner Lot
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
- Wheelchair Accessible
- Air Conditioning
Nearby Major Retailers
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505 E Thompson Rd
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