Retail Property For Sale · Indianapolis Office 9000 Keystone Crossing, Suite 850, Indianapolis, IN...
Transcript of Retail Property For Sale · Indianapolis Office 9000 Keystone Crossing, Suite 850, Indianapolis, IN...
MIDLAND ATLANTIC PROPERTIES • DEVELOPMENT • BROKERAGE • ACQUISITIONS • MANAGEMENTInforma on contained herein has been obtained from sources deemed reliable but is not guaranteed and is subject to change without no ce
• Retail Center for Sale; 3 Tenant Building with 7,800 Total Square Feet • Tenants Include Chin Asian Supermarket, Farmers Insurance and Gateway Automo ve • Exposure to Over 26,593 Vehicles Per Day (2015 Es mate) • Center Offers Large Parking Field and Standing Seam Metal Roof• Center Repainted 2014 & New Dumpster Enclosure Built 2013• 3 New HVAC & Furnace Units Installed May 2015 (Farmers Insurance & Chin’s Market)• 2 New HVAC & Furnace Units that Service Gateway Automo ve Installed April 2017• New HVAC in Lobby of Gateway Automo ve - May 2016 • Warehouse Drop Down Heater Replaced - January 2017• Gas Valve in Addi onal Warehouse Drop Down Heater - January 2017
www.midlandatlan c.com @midlandatlan c
Indianapolis Office9000 Keystone Crossing, Suite 850, Indianapolis, IN 46240
For addi onal informa on contact: Tracey Holtzman
tholtzman@midlandatlan c.usPhone.317.580.9900
7408 S. Madison Avenue, Indianapolis, IN 46227Retail Property For Sale
Demographics: (1 & 3 mile radius / 2017 es mates)
Average HH Income Number of Businesses Number of Employees
10,921$54,247
4244,097
Average HH Income Number of Businesses Number of Employees
86,238$63,992
3,56733,389
Tracey Holtzman
Phone.317.580.9900
80’
60’
40’
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7408 S. Madison Avenue, Indianapolis, IN 46227For Lease
NORTH
NORTH
65
Southport Road
Emer
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Aven
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Stop 11 Road
Madison AvenueCounty Line Road
Fry Road
TARGET
US Highway 31
7408 S. Madison Avenue, Indianapolis, IN 46227For Sale
Ch
in’s
Fam
ily
Mar
ket
7408 S. Madison Avenue, Indianapolis, IN 46227Retail Property for Sale For addi onal informa on contact:
tholtzman@midlandatlan c.usPhone.317.580.9900
ChinChinAsian Asian
SupermarketSupermarket
Informa on contained herein has been obtained from sources deemed reliable but is not guaranteed and is subject to change without no ce
For addi onal informa on contact: Tracey Holtzman
tholtzman@midlandatlan c.usPhone.317.580.99007408 S. Madison Avenue, Indianapolis, IN 46227
Retail Property For Sale
7,800 Square Foot Mul -Tenant Building Situated on 2.0 Acres
TENANT
Gateway Automo ve
Chin Family, LLC
SIZE
4,800 SF
2,000 SF
LEASE EXPIRATION
2/28/2020
LEASE TYPE
Triple Net
Gross
Gross
ANNUAL AMOUNT
$38,400
$25,800
Low opera ng expenses @ $3.20/ psf
Rental Income:
Gateway Automo ve $38,400
Chin Family $26,400
Farmers Insurance $12,840
Addi onal Income $15,360
$93,000 Gross Income
Farmers Insurance 1,000 SF $12,840
1/31/2024
7/31/2022
_________ $77,640 Rental Income
Less Operating Expenses $24,960
Net Opera ng Income $68,040
8.25% = $825,000 Asking Price
Demographic Source: Applied Geographic Solutions 04/2017, TIGER Geography page 1 of 3©2017, Sites USA, Chandler, Arizona, 480-491-1112
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FULL PROFILE2000-2010 Census, 2017 Estimates with 2022 Projections
Calculated using Weighted Block Centroid from Block Groups
Lat/Lon: 39.6613/-86.1273RF1
7408 S. Madison Avenue1 mi radius 3 mi radius 5 mi radius 7 mi radius
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2017 Estimated Population 10,921 86,238 208,171 311,226
2022 Projected Population 10,979 87,904 213,049 321,260
2010 Census Population 10,615 83,429 201,289 297,417
2000 Census Population 9,526 76,286 171,729 247,232
Projected Annual Growth 2017 to 2022 0.1% 0.4% 0.5% 0.6%
Historical Annual Growth 2000 to 2017 0.9% 0.8% 1.2% 1.5%
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2017 Estimated Households 4,406 36,376 84,509 122,029
2022 Projected Households 4,458 37,179 86,735 126,269
2010 Census Households 4,217 34,520 80,250 114,719
2000 Census Households 4,228 31,685 69,100 96,893
Projected Annual Growth 2017 to 2022 0.2% 0.4% 0.5% 0.7%
Historical Annual Growth 2000 to 2017 0.2% 0.9% 1.3% 1.5%
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2017 Est. Population Under 10 Years 17.0% 13.5% 14.0% 14.9%
2017 Est. Population 10 to 19 Years 12.6% 12.1% 12.8% 13.2%
2017 Est. Population 20 to 29 Years 15.8% 14.3% 14.3% 13.8%
2017 Est. Population 30 to 44 Years 21.5% 19.5% 20.5% 21.2%
2017 Est. Population 45 to 59 Years 16.2% 18.5% 18.3% 18.4%
2017 Est. Population 60 to 74 Years 12.1% 15.1% 13.9% 13.2%
2017 Est. Population 75 Years or Over 4.8% 7.1% 6.1% 5.3%
2017 Est. Median Age 33.0 37.7 36.3 35.4
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2017 Est. Male Population 49.3% 48.4% 48.4% 48.8%
2017 Est. Female Population 50.7% 51.6% 51.6% 51.2%
2017 Est. Never Married 33.6% 32.9% 34.0% 33.9%
2017 Est. Now Married 41.8% 41.6% 43.2% 43.5%
2017 Est. Separated or Divorced 18.7% 19.2% 17.1% 17.2%
2017 Est. Widowed 5.9% 6.2% 5.7% 5.4%
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2017 Est. HH Income $200,000 or More 2.2% 3.0% 3.0% 3.4%
2017 Est. HH Income $150,000 to $199,999 3.8% 4.2% 4.2% 4.3%
2017 Est. HH Income $100,000 to $149,999 8.2% 11.7% 13.0% 12.9%
2017 Est. HH Income $75,000 to $99,999 9.1% 11.9% 13.5% 13.3%
2017 Est. HH Income $50,000 to $74,999 18.2% 18.6% 19.7% 19.5%
2017 Est. HH Income $35,000 to $49,999 19.9% 16.3% 15.1% 14.7%
2017 Est. HH Income $25,000 to $34,999 12.4% 11.9% 11.1% 10.9%
2017 Est. HH Income $15,000 to $24,999 12.5% 11.7% 10.4% 10.5%
2017 Est. HH Income Under $15,000 13.7% 10.7% 9.9% 10.4%
2017 Est. Average Household Income $54,247 $63,992 $65,781 $66,437
2017 Est. Median Household Income $42,315 $52,645 $56,838 $57,843
2017 Est. Per Capita Income $21,885 $27,037 $26,777 $26,116
2017 Est. Total Businesses 424 3,567 7,464 9,893
2017 Est. Total Employees 4,097 39,389 82,700 113,662
Demographic Source: Applied Geographic Solutions 04/2017, TIGER Geography page 2 of 3©2017, Sites USA, Chandler, Arizona, 480-491-1112
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FULL PROFILE2000-2010 Census, 2017 Estimates with 2022 Projections
Calculated using Weighted Block Centroid from Block Groups
Lat/Lon: 39.6613/-86.1273RF1
7408 S. Madison Avenue1 mi radius 3 mi radius 5 mi radius 7 mi radius
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2017 Est. White 66.1% 82.3% 84.7% 83.9%
2017 Est. Black 3.1% 4.4% 4.9% 5.9%
2017 Est. Asian or Pacific Islander 24.1% 7.1% 4.7% 4.1%
2017 Est. American Indian or Alaska Native 0.2% 0.2% 0.2% 0.3%
2017 Est. Other Races 6.5% 5.9% 5.5% 5.8%
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NIC 2017 Est. Hispanic Population 865 6,100 13,363 21,173
2017 Est. Hispanic Population 7.9% 7.1% 6.4% 6.8%
2022 Proj. Hispanic Population 8.5% 8.0% 7.3% 7.8%
2010 Hispanic Population 8.0% 6.6% 5.9% 6.3%
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2017 Est. Adult Population (25 Years or Over) 6,902 58,367 138,036 203,863
2017 Est. Elementary (Grade Level 0 to 8) 8.4% 4.3% 3.2% 3.6%
2017 Est. Some High School (Grade Level 9 to 11) 7.0% 8.5% 8.4% 9.4%
2017 Est. High School Graduate 34.1% 32.2% 32.3% 32.3%
2017 Est. Some College 20.1% 20.9% 20.7% 20.2%
2017 Est. Associate Degree Only 6.6% 7.2% 7.8% 8.0%
2017 Est. Bachelor Degree Only 17.2% 18.2% 18.9% 18.2%
2017 Est. Graduate Degree 6.6% 8.7% 8.6% 8.3%
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ING 2017 Est. Total Housing Units 4,565 37,643 87,887 128,709
2017 Est. Owner-Occupied 40.9% 55.1% 59.6% 60.9%
2017 Est. Renter-Occupied 55.6% 41.5% 36.6% 33.9%
2017 Est. Vacant Housing 3.5% 3.4% 3.8% 5.2%
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R 2010 Homes Built 2005 or later 0.1% 0.4% 0.4% 0.4%
2010 Homes Built 2000 to 2004 5.7% 10.9% 16.7% 18.9%
2010 Homes Built 1990 to 1999 7.4% 17.3% 19.5% 18.3%
2010 Homes Built 1980 to 1989 9.8% 12.9% 12.2% 10.8%
2010 Homes Built 1970 to 1979 17.1% 19.8% 18.2% 15.6%
2010 Homes Built 1960 to 1969 26.4% 18.9% 13.0% 12.2%
2010 Homes Built 1950 to 1959 20.3% 13.5% 11.2% 11.2%
2010 Homes Built Before 1949 16.8% 10.3% 12.1% 16.1%
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2010 Home Value $1,000,000 or More 0.5% 0.3% 0.2% 0.3%
2010 Home Value $500,000 to $999,999 1.5% 1.8% 1.8% 2.0%
2010 Home Value $400,000 to $499,999 0.9% 1.0% 1.2% 1.6%
2010 Home Value $300,000 to $399,999 3.0% 3.8% 4.6% 5.3%
2010 Home Value $200,000 to $299,999 7.1% 11.3% 11.2% 12.2%
2010 Home Value $150,000 to $199,999 18.8% 19.7% 20.3% 19.2%
2010 Home Value $100,000 to $149,999 51.0% 39.6% 36.4% 34.1%
2010 Home Value $50,000 to $99,999 16.4% 20.6% 22.3% 23.9%
2010 Home Value $25,000 to $49,999 1.9% 2.8% 2.9% 4.0%
2010 Home Value Under $25,000 1.8% 2.2% 2.3% 2.4%
2010 Median Home Value $128,096 $132,839 $134,345 $134,276
2010 Median Rent $616 $671 $672 $664
Demographic Source: Applied Geographic Solutions 04/2017, TIGER Geography page 3 of 3©2017, Sites USA, Chandler, Arizona, 480-491-1112
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FULL PROFILE2000-2010 Census, 2017 Estimates with 2022 Projections
Calculated using Weighted Block Centroid from Block Groups
Lat/Lon: 39.6613/-86.1273RF1
7408 S. Madison Avenue1 mi radius 3 mi radius 5 mi radius 7 mi radius
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2017 Est. Labor Population Age 16 Years or Over 8,232 68,389 162,792 239,410
2017 Est. Civilian Employed 63.4% 63.7% 64.7% 64.2%
2017 Est. Civilian Unemployed 1.7% 1.8% 2.1% 2.4%
2017 Est. in Armed Forces - - 0.2% 0.2%
2017 Est. not in Labor Force 34.9% 34.5% 33.1% 33.3%
2017 Labor Force Males 48.8% 47.6% 47.6% 48.1%
2017 Labor Force Females 51.2% 52.4% 52.4% 51.9%
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2010 Occupation: Population Age 16 Years or Over 5,219 43,781 105,337 153,087
2010 Mgmt, Business, & Financial Operations 10.8% 14.9% 15.3% 15.3%
2010 Professional, Related 15.9% 20.4% 20.5% 19.8%
2010 Service 17.0% 15.4% 15.1% 15.7%
2010 Sales, Office 28.7% 25.7% 26.0% 25.5%
2010 Farming, Fishing, Forestry - 0.1% 0.1% 0.1%
2010 Construction, Extraction, Maintenance 7.9% 8.0% 7.9% 8.7%
2010 Production, Transport, Material Moving 19.7% 15.5% 15.0% 14.9%
2010 White Collar Workers 55.4% 61.1% 61.8% 60.6%
2010 Blue Collar Workers 44.6% 38.9% 38.2% 39.4%
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2010 Drive to Work Alone 83.0% 84.6% 85.4% 84.8%
2010 Drive to Work in Carpool 10.7% 9.1% 8.2% 8.5%
2010 Travel to Work by Public Transportation 1.4% 0.7% 0.7% 0.9%
2010 Drive to Work on Motorcycle - - - -
2010 Walk or Bicycle to Work 2.5% 1.9% 2.0% 2.1%
2010 Other Means 1.0% 0.5% 0.4% 0.5%
2010 Work at Home 1.4% 3.1% 3.3% 3.2%
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E 2010 Travel to Work in 14 Minutes or Less 27.7% 24.6% 21.3% 19.9%
2010 Travel to Work in 15 to 29 Minutes 34.1% 43.3% 45.8% 44.7%
2010 Travel to Work in 30 to 59 Minutes 31.2% 29.5% 30.3% 30.0%
2010 Travel to Work in 60 Minutes or More 3.8% 4.5% 4.2% 4.5%
2010 Average Travel Time to Work 21.4 22.2 23.0 23.2
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2017 Est. Total Household Expenditure $203 M $1.87 B $4.43 B $6.43 B
2017 Est. Apparel $7.07 M $65.0 M $154 M $224 M
2017 Est. Contributions, Gifts $12.8 M $122 M $290 M $424 M
2017 Est. Education, Reading $7.31 M $69.4 M $165 M $242 M
2017 Est. Entertainment $11.2 M $104 M $248 M $360 M
2017 Est. Food, Beverages, Tobacco $31.9 M $290 M $685 M $991 M
2017 Est. Furnishings, Equipment $6.70 M $63.2 M $151 M $219 M
2017 Est. Health Care, Insurance $18.4 M $167 M $393 M $567 M
2017 Est. Household Operations, Shelter, Utilities $63.2 M $580 M $1.37 B $1.99 B
2017 Est. Miscellaneous Expenses $3.07 M $28.0 M $66.1 M $95.4 M
2017 Est. Personal Care $2.66 M $24.4 M $57.7 M $83.6 M
2017 Est. Transportation $38.9 M $358 M $850 M $1.23 B