5151 82Nd St Indianapolis, IN 46250

This exceptional investment opportunity presents a 26,290 square foot PetSmart storefront located at 5151 E 82nd St, Indianapolis, IN 46250. The property sits on a 1.66-acre lot (APN: 49-02-21-126-011.000-800) and boasts a 100% occupancy rate with a strong, creditworthy tenant, PetSmart, under an absolute NNN lease. The current lease, with a remaining term of 12 years (expiring 11/30/2036), commenced on 11/05/1999 and includes 7% rental increases every 5 years. The property features a 7.00% cap rate and a net operating income (NOI) of $548,534, with an asking price of $7,836,000 ($298.06/sq ft). The building, constructed in 1999, benefits from a roof replacement completed in 2017. This prime location is strategically positioned in a high-traffic area with an annual average daily traffic (AADT) exceeding 86,300 vehicles at the intersection. The surrounding area is affluent, with over 168,400 residents within a 5-mile radius and an average household income exceeding $121,000. Nearby prominent retailers include Trader Joe's, Whole Foods, Chick-fil-A, REI, and major shopping centers like The Fashion Mall at Keystone and Castleton Square Mall. This presents a rare opportunity to acquire a well-established, high-performing retail asset with a long-term lease and significant upside potential.