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MATTRESS FIRM & LENS CRAFTERS 210 Indianapolis Blvd

8,030 SF Retail Building Schererville, IN 46375 £2,882,544 (£359/SF) 7% Net Initial Yield

Investment Highlights

  • PRIME LOCATION: The Mattress Firm & Lens Crafter property is strategically situated on Indianapolis Boulevard, or US-41, one of the main thoroughfares
  • THRIVING RETAIL CORRIDOR PROXIMITY: Located within a thriving retail corridor, the property is surrounded by prominent national retailers.
  • EXPANDING DEMOGRAPHICS: Schererville is part of a growing market with an affluent population base.
  • STRONG NATIONAL TENANTS: The property is fully occupied by two well-established and reputable national tenants, Mattress Firm and LensCrafters.
  • NNN LEASE STRUCTURES WITH RENT INCREASES: The property features triple-net (NNN) lease agreements, where tenants are responsible for property expenses

Executive Summary

Kyle Matthews
License No. RC52200195 (IN)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,030 SF
Building Class
B
Year Built
2016
Price
£2,882,544
Price Per SF
£359
Net Initial Yield
7%
NOI
£201,787
Tenancy
Single
Number of Floors
1
Building FAR
0.20
Lot Size
0.93 AC
Parking
40 Spaces (4.98 Spaces per 1,000 SF Leased)

Nearby Major Retailers

McAlister's Deli
Steak ‘n Shake
PNC Bank
Whole Foods Market
Starbucks
Olive Garden
Mod Pizza
Jenny Craig
Carrabba's Italian Grill
Cooper's Hawk Winery & Restaurants
  • Listing ID: 34189631

  • Date on Market: 13/12/2024

  • Last Updated:

  • Address: 210 Indianapolis Blvd, Schererville, IN 46375

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