For Sale
$1,049,000

0 35 -49 BlvdMartinsville, IN 46151

Kroger-anchored shopping center, high-growth area.

Overview

Added:
Dec 11, 2024
Days on market:
116
This fee-simple retail shopping center in Martinsville, Indiana presents a compelling value-add investment opportunity. The 11,086 square foot property, built in 2005, boasts a new roof (installed in 2019 with a warranty extending to 2034). Currently, occupancy stands at 20.1%, with three units total. One unit, leased to Select Physical Therapy, occupies 2,230 square feet and has a lease expiring September 30, 2026 (1.9 years remaining). The property is strategically located at 35-49 Bill's Blvd, Martinsville, IN 46151, an outparcel to both Kroger and Rural King, and benefits from its proximity to the recently completed I-69 corridor. This high-traffic location is surrounded by other established businesses including Culver's, Wendy's, and Burger King, creating a strong retail environment. The vacant units are currently configured for medical use. The asking price is $1,049,000, translating to $94.62 per square foot. This NNN-leased property offers significant potential for increased occupancy and rental income. The property is situated in Morgan County, Indiana, approximately 20 minutes north of Bloomington and 40 minutes south of downtown Indianapolis.

Highlights

  • Value-add opportunity in a fee-simple retail center.
  • 2005 construction with a new roof (2019), warranty to 2034.
  • High visibility from the I-69 corridor.
  • Kroger-anchored retail center with strong co-tenancy including Rural King, Culver's, Wendy's, and Burger King.
  • Vacant units suitable for medical use.

Property Details for 0 35 -49 Blvd

Property type
Lifestyle centers, Power centers
Square Feet
11,086 SF
Year Built
2005
Units
3

Location Insight

City
Martinsville
County
Morgan
State
Indiana
Latitude
39.4085012
Longitude
-86.4257694
35 -49 Blvd, Martinsville, Indiana

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0 35 -49 Blvd
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