For Sale
For Sale
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Year Built
2001
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Total Building Size
4,200 RSF
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Overview
The subject property is located just a 1/2 mile north of the I-465 & US-31 (East Street) interchange, on the Southwest corner of S East Street and E Hanna Avenue. The property defines the northern edge of Southern Plaza, a 403,000 SF shopping center development on the south side of Indianapolis along the busiest non-interstate north/south thoroughfare in and out of downtown Indianapolis. The subject property is an Amoco Ground Lease with an operating GetGo convenience store and BP gas station located on a signalized hard-corner, 1/2 mile north of the US-31, and I-465 interchange. There are eight fuel islands with 16 pumps. GetGo/Giant Eagle purchased and upgraded the C-Store in December of 2018. The initial 20-year lease term expires in mid-2021, and the Tenant has 2 - 5-year lease extensions at CPI increases.
Property Details
BP / GetGo Ground Lease Investment Sale
The subject property is located just a 1/2 mile north of the I-465 & US-31 (East Street) interchange, on the Southwest corner of S East Street and E Hanna Avenue. The property defines the northern edge of Southern Plaza, a 403,000 SF shopping center development on the south side of Indianapolis along the busiest non-interstate north/south thoroughfare in and out of downtown Indianapolis. The subject property is an Amoco Ground Lease with an operating GetGo convenience store and BP gas station located on a signalized hard-corner, 1/2 mile north of the US-31, and I-465 interchange. There are eight fuel islands with 16 pumps. GetGo/Giant Eagle purchased and upgraded the C-Store in December of 2018. The initial 20-year lease term expires in mid-2021, and the Tenant has 2 - 5-year lease extensions at CPI increases.
- Property TypeRetail
- Submarket
- Year Built2001
- Sale Price$1,650,000
- Total Building Size4,200RSF
- Total Acres1.03
- Sale StatusAvailable
- Property ID2157230