Former Staples - Pendleton Pike
Value-Add Opportunity in Primary Retail Corridor
RealINSIGHT Marketplace and Mission Capital Advisors are pleased to offer the opportunity to acquire the fee-simple interest in a vacant, single-tenant retail property located in Lawrence, Marion County, IN (the “Property”). The single-story, freestanding retail building with single-tenant design contains 20,395 square feet and was constructed in 2006 on a 2.43-acre site. The Property is located in Lawrence’s Pendleton Pike Corridor, a high-density commercial area of the city approximately 10-miles from the Indianapolis CBD.
Value-Add Vacant Retail Space – The 20,630 sf Property was formerly occupied by Staples and is currently vacant. Pinnacle Media Inc. currently has a 20-year billboard lease in place expiring June 2020 with up to 15 years of automatic 1-year extensions.
Strong Location and Demand Drivers – The Property is located on the heavily trafficked Pendleton Pike corridor with a reported vehicle per day count of 20,740 VPD. Commercial and retail locations near the property include a Walmart Supercenter, Kroger Supermarket, Kohl’s and various other chain stores and restaurants.
Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.
Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.
You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
Platform fee for this transaction is 5.00% or a minimum of $25,000.
Cooperating brokers may be eligible for a 0.50% co-op fee if their client is the winning bidder. If you are a broker, click here to login and identify your client.
c/o Fisher Auction Company Inc.