RealtyLink Development

Franklin Commons (Indianapolis MSA)

1010 -1080 N Morton Street
Franklin, IN 46131

Property: Investment Sales

Square Footage: +/- 86,019

Acreage: +/- 10.20

Price: $15,750,000

Cap Rate: 6.75%

Anchor Tenants: Kroger (Shadow-Anchor), Kohl's (Shadow Anchor)

Description:

  • New construction Class A retail center with high visibility and convenient signalized access
  • Shadow Anchored by new 125,000 sf Kroger Marketplace
  • Featuring Marshalls (NYSE: TJX), Ross Dress for Less (NASDAQ: ROST) , Ulta Beauty (NYSE: ULTA), Shoe Dept. Encore, Maurices, PetSmart
  • Positioned on the market’s primary commercial and traffic corridor US 31 (Morton Street)
  • Located 20 miles south of downtown Indianapolis between Greenwood and Columbus, Indiana
  • Average household income over $70,000 with projected growth of 13.6% by 2022 within a 5 mile radius
  • Traffic counts of 28,567 AADT on US 31/Morton St (INDOT 2016)
  • 6,000 sf building pad available for sale or build to suit