Retail Business for Sale in Indianapolis, IN

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Indianapolis, IN 46227

Description

Marcus & Millichap is pleased to present qualified investors with a rare opportunity to acquire a corporate-backed, double-net leased asset in one of Indianapolis’ most active commercial corridors. Strategically located along US Highway 31 South, the property benefits from exceptional visibility and exposure to over 37,000 vehicles per day, while sitting between two major retail destinations that attract more than 31 million annual visitors within a 1.5-mile radius. The site is surrounded by a dense concentration of national retailers including Target, Walmart, Home Depot, Lowe’s, Kohl’s, Dick’s Sporting Goods, TJ Maxx, Marshalls, Ross, JC Penney, and Floor & Decor. Additionally, the property is directly across from and adjacent to major automotive dealerships such as Toyota, Chevrolet, Kia, and Honda, contributing to a robust and consistent customer base. The lease is backed by T-Mobile USA, Inc. (NASDAQ: TMUS), the second-largest wireless carrier in the United States with over 130 million subscribers. Originally operated as a Sprint store, the site was fully remodeled following T-Mobile’s acquisition of Sprint in April 2020, with all improvements completed at the tenant’s sole expense. The tenant has continued to invest in the property, including a recent HVAC upgrade, and recently extended the lease by one year with an additional two-year option that includes scheduled rent increases — a strong signal of their long-term commitment to the location. The lease structure is double-net, with the landlord responsible only for the roof and structure. The roof carries a 10 year Roof Warrant with five years remaining minimizing future capital exposure and enhancing the property’s passive investment profile. Demographically, the property is located in a thriving trade area. Within a five-mile radius, the population exceeds 208,000 residents across more than 84,000 households and with an average household income of $96,888 .The area features a balanced mix of age groups an

Market Context

This retail in Indianapolis, IN is listed for sale. It is offered at an approximate 8.5% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 68 days. Compare it against other retail listings for sale in Indianapolis, IN — <a href="/search/sale/retail/indiana/indianapolis">view the full market</a>.

As of Q1 2026, the Indianapolis retail market showed a 8.0% vacancy rate, average asking rents near $5.00/SF/yr, and rents up 4.0% year over year. Source: Cushman & Wakefield Q1 2026 market report.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Retail market FAQ

Is the Indianapolis retail market tightening or softening?
Vacancy is around 8.0%, with asking rents rising year over year (Q1 2026).

Unified Estimate

Very Low Confidence

$38.78/SF – $52.46/SF

Mid: $45.62/SF

Rate-first confidence-weighted blend with cost-of-business adjustment.

No local comparable sales were available, so this estimate is transferred from a comparable peer market — treat it as a rough indication only. Transferred from peer market rochester (similarity: 100%) with 4 comparable listings.

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