Sunrise Crossing | New Triple Net Box Center
2536 Michigan Road, Madison, IN, USA Map
Listing Price $18,500,000
| Status | Active |
| Lease Type | Absolute Net |
| Property Type | Retail |
| CAP Rate | 6.23% |
| GLA (Sq. Ft.) | 120,868 |
| NOI | $1,152,925 |
| Lease Term Remaining | 10-15 Years |
| Increases | Yes |
| Options | Yes |
| State (BOR) | IN |
| Broker of Record | Josh Caruana |
| License # (BOR) | RB14034355 |
Investment Highlights
- Subject is an Under Construction Prime 120,868
Square-Foot Neighborhood Center on an 11-Acre
Lot | with Ample Parking, Pylon Signage, Easy
Ingress/Egress, and Strategically Located on a
Signalized Intersection - A Combination of Absolute NNN Leases and a
Ground Lease with Kohl’s | Zero Landlord
Responsibility - Well Established Retail Corridor | Nearby National
Retailers Include: Kroger, Walmart, Wyndham,
McDonald’s, Holiday Inn, Arby’s, Big Lots, Dollar
General, Big O Tires, Walgreens, and Others - Affluent Bedroom Community with an Average
Household Income of Over $68,000 within Five
Miles of the Subject Asset, as of 2020 - Robust Traffic Counts on Michigan Road (10,786
VPD) and Highway 62 (18,290 VPD) (Source:
LandVision, CoStar, 2022) - Subject is 45 Miles from Louisville International
Airport, Serving 4.2 Million Passengers Annually - Subject is 40 Miles from Downtown Louisville
with a Population of 619K and 55 Miles from
Downtown Cincinnati with a Population of 303K - Parks and Outdoor Recreational Facilities Nearby
Include: Clifty Falls State Park, Sunrise Golf
Course, Hatcher Hill, Rivercrest Marina, Devil’s
Backbone, and Only 45 Minutes Away From All
the Amenities Louisville Has to Offer
