• 4002 S East St, Indianapolis, IN 46227

For Sale

Retail

For Sale

This property is available for sale
1.03
Acres
$1,650,000
Sale Price
  • Year Built
    2001
  • Total Building Size
    4,200 RSF
  • 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.

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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 Type
    Retail
  • Submarket
  • Year Built
    2001
  • Sale Price
    $1,650,000
  • Total Building Size
    4,200RSF
  • Total Acres
    1.03
  • Sale Status
    Available
  • Property ID
    2157230

Landlord's Sales Representatives

  • cshook@shookrg.com
     
  • Rob Coombes
    Coldwell Banker Commercial Realty Services