Description

This fully occupied two-tenant retail center presents an exceptional passive investment opportunity anchored by Hope Academy and the Indiana BMV, with an average remaining lease term of approximately seven years. The Hope Academy lease includes annual rent escalations, providing built-in NOI growth and long-term income stability. Strategically positioned adjacent to the main campus of the University of Indianapolis, which serves more than 5,500 students, the property benefits from consistent daily traffic and strong surrounding demographics. Offered at $6,600,000, the asset delivers an attractive $560,221 NOI at an 8.5% cap rate. Located at the signalized intersection of East Hanna Avenue and Madison Avenue with exposure to approximately 36,325 vehicles per day, the property offers outstanding visibility and accessibility. The modern construction and minimal anticipated near-term capital expenditures further enhance the appeal of this stable, income-producing investment opportunity.