5411 W Washington St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
5411 W Washington St
13,799 SF 100% Leased Retail Building Indianapolis, IN 46241 For Sale
Executive Summary
5411 - 5413 Washington Street is a 13,483 square-foot retail building located within the Airport submarket of Indianapolis. The Property is conveniently located along Washington street, which offers access to almost 21,000 cars daily. The building is 100% occupied. Overall, the building provides the savvy investor strong cash flow from a stabilized asset that will experience good rental growth and the exciting potential for redevelopment in a strong Indianapolis submarket. The property has an average rent below comparable buildings , offering value-add opportunity for the new owner.
Proven Operating History - The property has 2 tenants that have an average operating history of 10+ years. The property has been operating within the Rent-A-Center system for 20+ years
Below Market rent - The property averages base rent below comparable centers in the area which are averaging $13.29 psf.
Landlord Termination Rights - Landlord termination options for over 57.9% of the property
Proven Operating History - The property has 2 tenants that have an average operating history of 10+ years. The property has been operating within the Rent-A-Center system for 20+ years
Below Market rent - The property averages base rent below comparable centers in the area which are averaging $13.29 psf.
Landlord Termination Rights - Landlord termination options for over 57.9% of the property
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
13,799 SF
Building Class
C
Year Built
1975
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.34
Lot Size
0.92 AC
Zoning
Commercial
Parking
20 Spaces (1.45 Spaces per 1,000 SF Leased)
Frontage
152 FT on W Washington St
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 49-12-12-109-034.000-930 | Improvements Assessment | $213,700 |
| Land Assessment | $139,700 | Total Assessment | $353,400 |
PROPERTY TAXES
Parcel Number
49-12-12-109-034.000-930
Land Assessment
$139,700
Improvements Assessment
$213,700
Total Assessment
$353,400
1 of 5
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Market Commercial Real Estate
5411 W Washington St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.