College Park Shopping Center | Anchored by Goodyear — Sale in Indianapolis, IN

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Indianapolis, IN 46268

Photos

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Investment Figures

Cap rate
8.25%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

College Park Shopping Center is a 100 percent occupied neighborhood retail center anchored by Goodyear and supported by a strong, service-oriented tenant mix. The property benefits from long-tenured occupancy, with key tenants operating at this location since 1999 and 2017, complemented by new leasing momentum from tenants signed between 2023 and 2025. Seven of eight tenants operate under net leases, half feature annual rent escalations, and multiple spaces have recently undergone extensive renovations. Positioned just off Interstate 465 (115,390 vehicles per day) with frontage along W 86th Street (35,282 vehicles per day), the center enjoys excellent visibility within a heavily traveled retail corridor. The property benefits from strong retail synergy with College Park Plaza, a nationally top-ranked shopping center located directly across the street, as well as other top-performing retailers in the area. It also benefits from close proximity to an 800-bed hospital and a dense industrial corridor to the west. The property is supported by a strong daytime population of 113,706 employees within a three-mile radius and an average household income of $130,792 within five miles. Investment Highlights: • 100 Percent Occupied, Goodyear Anchored Retail Center | Strong Tenant Mix | Recently Renovated • Goodyear and Jordan Fish and Chicken have been Operating at this Location since 2017, Quality Nails since 1999 • Seven out of Eight Tenants have Net Leases | Half of the Tenants have Annual Rental Increases In-Place • Frontage Along W 86th Street, which Sees 35,282 Vehicles per Day • One Mile from the On/Off Ramp of Interstate 465, which Sees 115,39 Vehicles per Day • Major retail corridor | close proximity to 800-bed hospital and industrial corridor • Across the Street from College Park Plaza, which Ranks in the Top 4 Percent of Shopping Centers Nationwide by Visits and Attracts 5.8 Million Annual Visits | Anchored by Walmart (Placer.ai) • Average Household Income of $130,79

Market Context

This retail in Indianapolis, IN is listed for sale. It is offered at an approximate 8.2% capitalization rate, a key benchmark for income-producing retail assets. Compare it against other retail listings for sale in Indianapolis, IN — view the full market.

As of Q2 2026, the Indianapolis retail market showed a 4.9% vacancy rate, and average asking rents near $17.29/SF/yr. Source: Cushman & Wakefield Q2 2026 market report.

Tight vacancy keeps competition for quality space elevated.

Retail market FAQ

Is the Indianapolis retail market tightening or softening?
Vacancy is around 4.9% (Q2 2026).

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