Prime Outlot Building

Retail-Commercial for Sale
Catylist Listing ID: 30836521
Property Subtypes: Restaurant
Building Size (RSF): 4,544 SF
Gross Land Area: 1 Acre
Sale Price: $2,800,000
Unit Price: $616.20 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/15/2023

Overview / Comments

Prime outlot building for sale at The Shoppes at Whitestown! The restaurant is turnkey and like new and is part of The Shoppes at Whitestown. The restaurant has excellent visibility and signalized access. Conveniently located just off I65 on the Whitestown exit and only 20 minutes from downtown Indy. The outparcel is surrounded by established retailers: TJ Maxx, Hobby Lobby, Burlington, ULTA and more. Surrounded by additional big box anchors Meijer and Lowe’s.

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Additional Details

Nearest MSA: Indianapolis-Carmel-Anderson
County: Boone
Taxing Authority: Boone County
Tax ID/APN: 06-04-06-000-032.005-021
Zoning: PUD
Retail Clientele: Family, Traveler, Tourist
Property Located Between: I-65 and Whitestown Parkway
Property Visibility: Good
Largest Nearby Street: Whitestown Parkway
Feet of Frontage: 386
Traffic/Vehicle Count: 30,387
Highway Access: I-65
Airports: Indianapolis International
Site Description: Prime OUTLOT BUILDING for sale at The Shoppes at Whitestown! The restaurant is turnkey and like new and is part of The Shoppes at Whitestown. The restaurant has excellent visibility and signalized access. Conveniently located just off I65 on the Whitestown exit and only 20 minutes from downtown Indy. The outparcel is surrounded by established retailers: TJ Maxx, Hobby Lobby, Burlington, ULTA and more. Surrounded by additional big box anchors Meijer and Lowe’s.
Area Description: Whitestown, Indiana is part of the Indianapolis MSA and is 20 minutes from downtown Indy and is considered a regional trade area for the surrounding smaller communities of Lebanon, Zionsville and other smaller towns. Whitestown has been the fastest growing community within the state of Indiana for 8 consecutive years. 5 hotels are in the area surrounding the shopping center bringing another 500 rooms to the community. The trade area is rapidly growing with more than 3 million square feet of development within 1 mile.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 4,414 SF
Property Condition: Excellent
Year Built: 2019
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Brick construction with stucco facade and architectural elements.
Total Parking Spaces: 62
Parking Type: Surface
Zoning Description: Planned Unit Development allows for a mix of retail, office and multi-family uses.
Lot Frontage: 386
Lot Depth: 118
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,372 16,090 31,761
Median Age: 31.15 35.9 38.42
Households: 1,389 5,434 11,079

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