Marcus Lipsey / December 27, 2023
AVAILABLE
FOR SALE I STONEY CREEK COMMONS
STONEY CREEK COMMONS
LA FITNESS 35,000 SF (41.6%)
GOODWILL 19,030 SF (22.6%)
BAGGERSTOWN 30,196 SF (35.9%)
TYPE RETAIL, HEALTH CLUB, NONPROFIT, ENTERTAINMENT
SQUARE FOOTAGE 84,226
ACERAGE 11.39
ASKING PRICE $16,000,888
OFFERING CAP RATE 7.41%
LEASE STRUCTURE NNN
NET OPERATING INCOME $1,185,165
RENT ESCALATIONS 10% EVERY 5 YEARS
OPTIONS 3,5 YEARS
YEAR BUILT I RENOVATED 2000, 2013 I 2025
ZONING PB – PLANNED BUSINESS
INVESTMENT HIGHLIGHTS
NNN LEASES I MINIMAL LANDLORD RESPONSIBILITIES I 8.5 YEARS WALT
NEW ENTERTAINMENT USE I VARIETY OF RETAIL
BACKED BY CORPORATE GUARANTEES
LARGE PARCEL SIZE I +- 11.39 AC I 546 PARKING SPACES
LONG-TERM TENANCY I RECENT LEASE EXTENSION
SIGNIFICANT TENANT INVESTMENT I RECENT RENOVATIONS
DENSE RETAIL CORRIDOR I NATIONAL TENANTS
LESS THAN 20 MILES FROM DOWNTOWN INDIANAPOLIS
STRONG VISITOR COUNTS
HIGH DENSITY AND GROWTH DEMOGRAPHICS I AFFLUENT AREA
RECESSION-RESISTANT TENANTS
CONTACT I FOR MORE INFORMATION
COOPER LAIKIN
CO-FOUNDER | MANAGING BROKER
317.989.6444
claikin@brightpointre.com