Contacts
Alex Davenport
Rachel Patten
Colliers
(317) 713-2348
Property Details
- Property Type Retail
- Lot Size 1.8 SF
- Parking Spaces Avail. 69
- Date Updated Apr 25, 2024
The Fountain Square Retail Portfolio consists of 29,619 square feet across five buildings located on Prospect Street and Virginia Avenue in the heart of the historic Fountain Square entertainment district in Indianapolis. The Portfolio also includes three existing parking lots totaling 0.54 acres. The Portfolio is 100% leased to five tenants: Upland Brewing, Turchetti’s Salumeria, White Rabbit Cabaret, Paradox Enterprises, and El Arado Mexican Grill with a WALT of 3.15 years. This offering provides an investor the opportunity to acquire an extremely rare group of infill retail assets with stable in-place cash flow and near-term value-add potential as leases roll to market. In-place rents stand over 30% below today’s market rents providing an investor the opportunity to add value to the existing cash flow.
The Portfolio is located along Prospect St and Virginia Ave, the main streets of the Fountain Square neighborhood which is directly southeast of Downtown Indianapolis. Prospect St & Virginia Ave boast daily traffic counts of over 10,000 cars daily with a 3-mile population of 108,816 people and an average household income of over $66,000. The Portfolio tenant-base is a diverse, service-oriented roster serving a wide-range of consumers in the Downtown Indianapolis area.
Fully Occupied
Want more info on this listing?
Reach out to the broker for more info on lease terms and amenities
Getting around
-
91/100
Walk Score ®
-
41/100
Transit Score ®
-
97/100
Bike Score ®
Location
- City Indianapolis, IN
- Neighborhood Fountain Square
- Zip Code 46203
- Market Indianapolis
Points of Interest
-
Indianapolis Union Station
1.26 miles
-
Canal
2.48 miles
-
Indiana University/Riley
2.62 miles
-
Methodist
2.81 miles
-
Conoco
0.23 miles
-
Marathon
0.28 miles
-
Speedway
0.51 miles
-
Phillips 66
0.52 miles
-
Phillips 66
0.55 miles
-
Shell
0.86 miles
-
Speedway
0.92 miles
-
Speedway
0.98 miles
-
Marathon
1.05 miles
-
BP
1.07 miles
-
Lot 35
0.79 miles
-
Lot 48
0.79 miles
-
Lot 98
0.89 miles
-
Lot 43 South
0.92 miles
-
LaRosa South
0.95 miles
-
Lot C
0.97 miles
-
Lot 43 North
0.98 miles
-
Cityway North Car Park
1.05 miles
-
Virginia Avenue Garage
1.14 miles
-
Rolls-Royce Employee and Visitor Parking
1.16 miles
-
Maialina Italian Kitchen + Bar
0.01 miles
-
El Arado
0.04 miles
-
Mama Irma
0.04 miles
-
Pure
0.05 miles
-
Kuma's Corner
0.05 miles
-
Revolucion
0.05 miles
-
La Margarita Fountain Square
0.07 miles
-
Subway
0.11 miles
-
NAISA Pan-Asian Restaurant
0.11 miles
-
B's Po Boy
0.16 miles
-
Wildwood Market
0.14 miles
-
Village Pantry
0.55 miles
-
Express Neighborhood Market
0.62 miles
-
Angelo's Food Market
0.84 miles
-
Safeway
0.98 miles
-
Village Food Mart
1.09 miles
-
Whole Foods Market
1.30 miles
-
Trans-Plants
1.34 miles
-
Kroger
1.38 miles
-
Carson's
1.40 miles
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
