Overview

Description

Net leased investment property within the established Southern Plaza shopping center on the near Southside of Indianapolis. The subject property is a long standing laundromat location leased through a triple-net lease to an established operator. The property sits adjacent to a GetGo gas station and a Speedway gas station, along the entrance road to Kroger grocery and the 400,000+ SF Southern Plaza Shopping Center.

The subject property is located on the Southwest corner of Hanna Avenue and S East Street on the near south side of Indianapolis. The property sits within the greater Southern Plaza shopping center, a 400,000+ SF regional shopping hub for the south side of Indianapolis, including Kroger, Ross, Harbor Freight, Steak N Shake, GetGo, PNC, Speedway, and many others.

Highlights

• Triple-net Leased Laundromat investment property
• Current term through 12/31/2030 - 7.5+ years of remaining term
• CPI Increase beginning 1/1/2026, at 5-year mark of current lease period
• High traffic, established shopping district location
• 2.6 million estimated visits to Southern Plaza in last 12 months
• Excellent laundromat demographics

Documents

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