5220 E Southport Rd
Indianapolis, IN 46237

Marcus & Millichap, as exclusive advisor, is pleased to present for sale Valley Ridge Shops, a 14,077-square foot retail shopping center investment located in a vibrant retail submarket of Indianapolis, Indiana. Constructed in 2004, the center is positioned on 1.5+ acres near Interstate 65 (121,000+/- average vehicles daily) and along East Southport Road (36,000+/- average vehicles daily). The property is 100% occupied by a synergistic mix of service-based and internet-resistant tenants; the newest tenant, Orangetheory Fitness just signed a brand-new 10-year lease set to commence in May 2020. All tenants operate under triple net leases and reimburse their full pro-rata share of all operating expenses at the property. This dynamic Indianapolis submarket of Southport continues to grow with single & multifamily residential development nearby and major national retailers encompassing the immediate retail area including SuperTarget, Meijer, Home Depot, Menards, Kohl’s, LA Fitness and Franciscan Health’s Indianapolis Hospital Campus which was recently ranked as one of the 100 top hospitals in the United States located just 1.5 miles from the property. Valley Ridge Shops offers an investor the opportunity to invest within one of the Midwest’s most active cities and own a well-maintained retail strip center located in the heart of the Southport submarket of Indianapolis with numerous commercial and residential activity nearby. With attractive financing options that exist in the market today, an incoming investor has the potential to generate a healthy cash-on-cash annual return approaching 10% and total annual returns approaching 15% (with principal loan reduction) immediately upon purchase.