Speedway Shoppes

Highlights:

• 100% occupied retail center situated on 2.04 acres in Speedway, Indiana, within the strong and growing Indianapolis MSA.
• Offered at an attractive 7.47% cap rate and approximately $300/SF, providing an opportunity to acquire a stabilized retail asset at a compelling basis within an established Indianapolis retail corridor.
• All tenants operate under triple-net leases with reimbursement structures that include management and administrative fees, supporting an efficient and stable income stream.
• Seven of the nine tenants have occupied the center for more than 10 years, demonstrating strong tenant retention and long-term location stability.
• Well-maintained, 16,000 SF multi-tenant retail center with significant recent capital improvements, including a new roof installed in 2021, parking lot milling and repaving completed in summer 2024, and multiple rooftop HVAC units replaced between 2020 and 2025. Parking lot resealing and restriping are scheduled for 2026.
• Numerous leases feature built-in rental increases, providing future NOI growth potential and a hedge against inflation.
• Retail suites range from approximately 1,200 SF to 3,200 SF, offering flexible, highly leasable spaces that support efficient future backfilling.
• Strategically located along heavily traveled Crawfordsville Road, offering exceptional visibility, frontage, and daily traffic exposure.
• Positioned parallel to Crawfordsville Road, providing prominent storefront signage visibility and excellent curb appeal.
• Excellent ingress and egress from both Crawfordsville Road and Cunningham Road.
• Immediate proximity to Interstate 465 and the Crawfordsville Road interchange provides convenient regional access and exposure to commuter traffic.
• Dense infill retail location surrounded by established residential neighborhoods, strong demographics, and longstanding retail demand drivers.
• Strong surrounding national retailer presence, including Kroger directly across the street, Chase Bank, CVS, McAlister’s Deli, Firestone, Arby’s, Harbor Freight, PNC Bank, Starbucks, McDonald’s, and numerous national hotel chains.
• Complementary tenant mix within one of the primary retail corridors serving west Indianapolis and Speedway.
• Located approximately 1.5 miles from the world-renowned Indianapolis Motor Speedway, home of the Indianapolis 500 and Brickyard 400, which attract substantial tourism and regional traffic.
• Conveniently located approximately 10–15 minutes from Indianapolis International Airport.

Description:

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Indianapolis/Marion County is the twelfth largest city in the United States, and it is by-far one of our country’s most livable big cities. For those who reside and work here, our Indianapolis has a quality about it that makes even the heart of a bustling downtown feel like home. Visitors are drawn from all over the globe to enjoy our top-notch professional sports venues, a thriving convention industry and numerous cultural attractions. And when they arrive, they too experience the Hoosier character and hospitality that make Indianapolis special.

As of 2017, Indianapolis is the third most populous city in the American Midwest and 16th most populous in the U.S., with an estimated population of 863,002. The Indianapolis metropolitan area is the 34th most populous metropolitan statistical area in the U.S., with 2,028,614 residents. Its combined statistical area ranks 27th, with a population of 2,411,086.

Indianapolis is bursting with pride over its six unique Cultural Districts: The Canal and White River State Park, Fountain Square, Indiana Avenue, Market East, Mass Ave, and Wholesale District. Four of the six districts have homes directly in Downtown Indianapolis, while Fountain Square is just a mile southeast.

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