FIRST CLASS
We have a long tradition of award-winning property management, and highly experienced leasing professionals — creating high traffic, high producing retail environments for our tenants.
CONTACT

Matt Gray
Vice President, CBRE
T 317.269.1031
E matt.gray@cbre.com

stoney creek commons

MERCANTILE BOULEVARD AT STATE ROAD 37
Noblesville, IN


PRICING

  • List price: $1,650,000
  • CAP: 7.7%
  • Price/SF: $243.15


INVESTMENT HIGHLIGHTS

  • Three-tenant strip 100% occupied by Sport Clips, Enterprise Rent-A-Car and Bentley’s Pet Stuff
  • Replaceable average rent of $20.39/sf with tenants reimbursing CAM, real estate taxes, insurance and a portion of management fees
  • Bentley’s recently executed a 10-year lease
  • Sport Clips and Enterprise Rent-A-Car have occupancy histories nearing 10 years and recently executed renewals of five years each
  • Located in Noblesville’s primary retail trade area on an out parcel of Lowe’s and LA Fitness
  • Adjacent retailers include Kohl’s, Walmart, Meijer, T.J. Maxx, Best Buy, PetSmart, Party City and Shoe Carnival
  • Excellent exposure to SR 37 with an average daily traffic count of 39,382 vehicles
  • Surrounding populations of 3,874 within one mile, 46,538 within three miles and 112,918 within five miles. Average household incomes are $96,066 within one mile, $96,217 within three miles and $105,628 within five miles.

The Plaza at SouthPark Aerial
The Plaza at SouthPark Site Plan

Latitude: 40.0305
Longitude: 85.9942

Mercantile Boulevard at State Route 37
Noblesville, IN 46060

LEASING OPPORTUNITIES
Choice anchor, in-line and outlot opportunities in our first class 2,000,000 sf portfolio
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NEW DEVELOPMENTS
New retail location opportunities are in pre-development and development stages
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ACQUISITION OPPORTUNITIES
Value-added and investment-grade properties
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STNL DEVELOPMENT
Major cost advantages can be realized by expanding multi-site retailers
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