5411 W Washington St
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5411 W Washington St
13,799 SF 100% Leased Retail Building Indianapolis, IN 46241 For Sale
EXECUTIVE SUMMARY
5411 - 5413 Washington Street is a 13,483 square-foot retail building located within the Airport submarket of Indianapolis. The Property is conveniently located along Washington street, which offers access to almost 21,000 cars daily. The building is 100% occupied. Overall, the building provides the savvy investor strong cash flow from a stabilized asset that will experience good rental growth and the exciting potential for redevelopment in a strong Indianapolis submarket. The property has an average rent below comparable buildings , offering value-add opportunity for the new owner.
Proven Operating History - The property has 2 tenants that have an average operating history of 10+ years. The property has been operating within the Rent-A-Center system for 20+ years
Below Market rent - The property averages base rent below comparable centers in the area which are averaging $13.29 psf.
Landlord Termination Rights - Landlord termination options for over 57.9% of the property
Proven Operating History - The property has 2 tenants that have an average operating history of 10+ years. The property has been operating within the Rent-A-Center system for 20+ years
Below Market rent - The property averages base rent below comparable centers in the area which are averaging $13.29 psf.
Landlord Termination Rights - Landlord termination options for over 57.9% of the property
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
13,799 SF
Building Class
C
Year Built
1975
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.34
Lot Size
0.92 AC
Zoning
Commercial
Parking
20 Spaces (1.45 Spaces per 1,000 SF Leased)
Frontage
152’ on W Washington St
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
- One 14'x14' drive-in door.
| Space | Size | Space Use | Position | Available |
| 5411 | 7,818 SF | Retail | End Cap | 60 Days |
5411
| Size |
| 7,818 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| 60 Days |
5411
| Size | 7,818 SF |
| Space Use | Retail |
| Position | End Cap |
| Available | 60 Days |
- One 14'x14' drive-in door.
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 49-12-12-109-034.000-930 | Improvements Assessment | $303,089 CAD |
| Land Assessment | $198,135 CAD | Total Assessment | $501,224 CAD |
PROPERTY TAXES
Parcel Number
49-12-12-109-034.000-930
Land Assessment
$198,135 CAD
Improvements Assessment
$303,089 CAD
Total Assessment
$501,224 CAD
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5411 W Washington St
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