For Sale $3,750,000
Property Type Retail - Street Retail
Property Size 5,936 SF
Units 4
Lot Size 0.29 Acre
Parking Spaces Avail. 43
Parking Ratio 7.60 / 1,000 SF
Property Tenancy Multi-Tenant
Date Updated Feb 10, 2024

This center is located on the northeast corner of Kessler Blvd W Dr and Michigan Rd in the Highland-Kessler neighborhood in northwest Indianapolis. The center is surrounded by other neighborhood retail centers and a large residential population of over 86,000 people in a three-mile radius. Sites including Butler University, Newfields Museum of Art, Marian University, and the historic Broad Ripple Neighborhood are all within three miles of the center. Additionally, just over three miles northwest of the site is Park 100, the largest industrial office park in Indiana, containing 18,000,000 SF, 400 companies and over 8,000 employees.Tenants include Starbucks, Subway, Simple Garden CBD, and Castle Nails at highly-trafficked intersection and densely-populate trade area. Area retailers include Dollar Tree and Walmart Neighborhood Market.Tenants include Starbucks, Subway and Simple Garden CBD at highly-trafficked intersection and densely-populated trade area. Area retailers include Dollar Tree and Walmart Neighborhood Market.

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Highlights

Excellent Multi-Tenant Investment Opportunity
Fee Simple, Starbucks with drive-thru anchored 4 tenant retail center (over 3.5 miles to closest Starbucks drive-thru)
Starbucks lease expires in 2/2033 with 4 options of 5 years
Quality construction
Internet-resistant tenant mix and long-term occupancy history
Extremely high visibility with approximately 45,000 vehicles per day on Michigan Rd and Kessler Blvd
Infill location with over 240,000 population within 5 miles
Located at fully signalized intersection
Strong average household incomes of $113,800 within 1 mile and $106,777 within 3 mile
Less than 6 miles from downtown Indianapolis

Contacts

Pat O'Hara

Bradley Company

(317) 796-4733

Location

Getting Around

Walk Score ®
48/100 Car-Dependent
Transit Score ®
26/100 Some Transit
Bike Score ®
51/100 Bikeable

Map
Street

City Indianapolis, IN
Neighborhood Crooked Creek
Zip Code 46228
Market Indianapolis

Points of Interest

Methodist

4.96 miles
Canal

5.34 miles
Indiana University/Riley

5.53 miles
Indianapolis Union Station

6.76 miles

Speedway

0.45 miles
Marathon

1.89 miles
Shell

2.81 miles
Rich Oil

2.87 miles
BP

2.92 miles
Speedway

3.16 miles
Phillips 66

3.20 miles
BP

3.20 miles
Speedway

3.21 miles
Admiral Petroleum

3.23 miles

Admin Building Parking

2.31 miles
HACKL Building Parking

2.36 miles
HACKL/Fine Papers Building Parking

2.37 miles
Broad Ripple Garage

2.73 miles
Fresh Thyme/The Coil Parking Garage

2.85 miles
Back-In Parking

3.06 miles
East Parking Pavilion

3.19 miles
St. Vincent's Parking Deck

3.59 miles
Childrens Museum Parking Garage

3.64 miles
St. Vincent's Main Visitor Parking

3.78 miles

The Riviera Club

1.78 miles
Byrne's Grilled Pizza

1.91 miles
Meridian Restaurant & Bar

2.00 miles
Taco Bell

2.10 miles
Dairy Queen

2.11 miles
Church's Chicken

2.16 miles
Hoagies and Hops Butler-Tarkington

2.36 miles
Wendy's

2.36 miles
Napolese

2.36 miles
Apocalypse Burger

2.38 miles

Walmart Neighborhood Market

0.23 miles
Safeway

1.87 miles
The Fresh Market

2.68 miles
Fresh Thyme

2.83 miles
Walmart Supercenter

2.89 miles
Locally Grown Gardens

2.94 miles
Good Earth Natural Food Co.

2.97 miles
Nicole Taylor's Pasta Market

2.98 miles
Patel Brothers

3.07 miles
Save-A-Lot

3.07 miles

Frequently Asked Questions

What is the lease rate for 1950 Kessler Blvd W Dr?

Rental asking rate at 1950 Kessler Blvd W Dr is $1,875,000.00/YR.

What is the total square footage of 1950 Kessler Blvd W Dr?

1950 Kessler Blvd W Dr totals 5,936 square feet.

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