For Sale
$11,000,000

14450 Mundy DrNoblesville, IN 46060

High-Cap Rate, Multi-Tenant Retail Center

Overview

Added:
Dec 11, 2024
Days on market:
120
This exceptional Class A retail property, totaling 66,469 square feet, boasts a 7.10% cap rate and is fully leased to Crunch Fitness and Urban Air Adventure Park. Located in Noblesville, Indiana, at the intersection of Rt 37 & 146th, this prime location benefits from high visibility and accessibility, situated near major retailers such as Costco and numerous corporate campuses. The single-story building, constructed in 2003 and extensively renovated in 2024, sits on an 11.45-acre lot and offers 323 parking spaces. Both tenants are franchisees with long-term leases extending to December 31, 2033, providing a stable income stream. The property's strong financial performance is reflected in its $781,000 NOI and $11,000,000 asking price, translating to a price per square foot of $165.49. The property is zoned C-1 and offers a compelling investment opportunity for those seeking a high-performing, multi-tenant retail asset in a thriving Indiana market. This core investment features a multi-tenant occupancy of 100% and provides a secure, long-term investment prospect. The property's strategic location within the rapidly growing Noblesville area, near Carmel and Fishers, ensures continued high demand and strong rental income potential.

Highlights

  • Class A, 66,469 square foot multi-tenant retail property, fully leased.
  • Recently remodeled with Urban Air Adventure Park and Crunch Fitness as anchor tenants on long-term leases (expiring 12/31/2033).
  • 7.1% cap rate, with a $781,000 NOI.
  • Ideally located in Noblesville, Indiana, near Carmel and Fishers, at the intersection of Rt 37 & 146th.
  • Excellent visibility and access due to proximity to Costco, corporate campuses, and other major retailers.

Property Details for 14450 Mundy Dr

Property type
Lifestyle centers, Power centers
Square Feet
66,469 SF
Class
A
Year Built/Renovated
2003/2024
Buildings
1
Stories
1
Lot Size (sq. ft)
498,762 SF
Units
2

Location Insight

City
Noblesville
County
Hamilton
State
Indiana
Latitude
39.9983459
Longitude
-86.0014384
14450 Mundy Dr, Noblesville, Indiana

FAQs

What type of property is this?
Lifestyle center - High-Cap Rate, Multi-Tenant Retail Center
Where is the lifestyle center located?
The property is located at 14450 Mundy Dr Noblesville, IN.
What is the asking price?
The asking price for this property is $11,000,000.
What are key features of this property?
This property features: Class A, 66,469 square foot multi-tenant retail property, fully leased.; Recently remodeled with Urban Air Adventure Park and Crunch Fitness as anchor tenants on long-term leases (expiring 12/31/2033).; 7.1% cap rate, with a $781,000 NOI.
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14450 Mundy Dr
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