Range Usa 10 Years Remaining — Sale in Indianapolis, IN

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Indianapolis, IN 46234

Investment Figures

Cap rate
7.15%

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

This net-leased Range USA property was built in 2020 and has over nine years of lease term remaining. Range USA is the world’s largest operator of indoor shooting ranges, and this location is the most visited gun range within a 15-mile radius, attracting 58,100 annual visitors. The net lease features three five-year renewal options and 10 percent rental increases every five years, offering minimal landlord responsibilities. The property sits on a 4-acre parcel with 85 parking spaces near the signalized intersection of Country Club Road and U.S. Route 36, which sees 53,094 vehicles per day. The site is located 2.3 miles from Interstate 465, which sees approximately 166,798 vehicles per day. The surrounding retail corridor includes major national retailers such as Target, Menards, Fresh Thyme Market, Best Buy, Lowe’s, and Sam’s Club. The property benefits from a dense and growing trade area with 69,571 residents within three miles and had a 14.21% population growth within five miles from 2010–2020. Investment Highlights: • Net Leased Range USA with Nearly 10 Years of Term Remaining • Range USA is the World's Largest Operator of Indoor Gun Ranges • 10 Percent Rental Increases Every Five Years, Including in the Three Five-Year Option Periods • The Most Visited Gun Range within a 15-Mile Radius, Attracting 58.1K Annual Visitors (Placer.ai) • Positioned on a Large 4 Acre Lot with 85 Parking Spaces • Adjacent to Culver's, Belle Tire, Extended Stay America, Barkefellers, Valvoline, and Omnicare • From 2010-2020, the Population Grew 14.21 Percent within a Five-Mile Radius

Market Context

This retail in Indianapolis, IN is listed for sale. It is offered at an approximate 7.2% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 100 days. Compare it against other retail listings for sale in Indianapolis, IN — view the full market.

As of Q1 2026, the Indianapolis retail market showed an 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).

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