5151 82Nd StIndianapolis, IN 46250
- Other commercial real estate
- 77,454 SF
Property Details for 5151 82Nd St
- Year built
- 1999
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 4.68 AC
- Property size (Sq ft)
- 77,454 SF
- Zone code
- ZO01
- Property type
- Other commercial real estate
- APN
- 49-02-21-126-012.000-800
- APU
- 490221126012000800
Description
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.
Location Insight
- City
- Indianapolis
- County
- Marion
- State
- Indiana
- Latitude
- 39.9041
- Longitude
- -86.0824
- CBSA code
- 26900
- CBSA name
- INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].