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Shoppes @ 46th & College 4601 N College Ave 1,457 SF of Retail Space Available in Indianapolis, IN 46205
HIGHLIGHTS
- Located at signalized hard corner
- Zoned C3
- Over 18,000 ADT traffic count on North College Avenue
- 51 Drive-up surface lot parking spaces + additional street parking on 46th & College
- Adjacent to future Red Line Bus Stop running every 10 minutes (20 hours/day, 7 days/week & 365)
- Curb cut on College Avenue and 46th Street
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,457 SF | Negotiable | $21.00 /SF/YR $1.75 /SF/MO $226.04 /m²/YR $18.84 /m²/MO $2,550 /MO $30,597 /YR | Triple Net (NNN) |
1st Floor
• $22.11/SF NNN asking rate • NNN @ $4.89/sf (Property Taxes @ $1.55/sf, INS @ $1.14/sf & CAM @ $2.20/SF) • 1,457 sf available (divisible in half) • Plenty of parking across the street • In between Root & Bone and Guggman Haus Brewery & across the street from Gallery Pastry Shop.
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Retail Space
- Space is in Excellent Condition
- High Visibility Hard Corner, Stoplight Location
- Beautiful, Historic Finishes & Vibe
- Abundance of Available Parking
- Building Signage Visible from 46th & College
- Vibrant Co-Tenancy & Neighbors
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT SHOPPES @ 46TH & COLLEGE
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Guggman Haus Brewing
- Accommodation and Food Services
- -
- -
- Root & Bone Indianapolis
- Restaurant
- 1
- -
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Guggman Haus Brewing | Accommodation and Food Services | - | - |
| Root & Bone Indianapolis | Restaurant | 1 | - |
PROPERTY FACTS
| Total Space Available | 1,457 SF | Year Built/Renovated | 1968/2018 |
| Property Type | Retail | Parking Ratio | 5.74/1,000 SF |
| Property Subtype | Freestanding | Cross Streets | E 46th St |
| Gross Leasable Area | 9,588 SF |
| Total Space Available | 1,457 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 9,588 SF |
| Year Built/Renovated | 1968/2018 |
| Parking Ratio | 5.74/1,000 SF |
| Cross Streets | E 46th St |
ABOUT THE PROPERTY
9,588 SF free-standing building consisting of 6,778 SF of ground level storefront space and 2,810 SF lower level space. One remaining in-line space available consisting of 1,457 SF. Property located at the NEC of 46th & College on the vibrant College Avenue corridor in SoBro. Currently undergoing restoration and renovation; sits on +/- 0.37 acres with 15 surface parking space, 36 additional parking spaces in parking across the street and street parking as well.
- Bus Line
- Corner Lot
- Restaurant
- Signalized Intersection
TRAFFIC
| COLLECTION STREET | CROSS STREET | TRAFFIC VOLUME | YEAR | Distance |
|---|---|---|---|---|
| North College Avenue | E 48th St, N | 14,795 | 2022 | 0.05 mi |
| N College Ave | E 48th St, N | 15,176 | 2022 | 0.07 mi |
| E 46th St | Broadway St, E | 7,320 | 2022 | 0.13 mi |
| N College Ave | E 49th St, S | 14,816 | 2022 | 0.23 mi |
| Central Ave | E 47th St, S | 2,895 | 2017 | 0.29 mi |
| N College Ave | E 44th St, N | 15,034 | 2022 | 0.32 mi |
| Central Ave | E 49th St, N | 3,141 | 2022 | 0.32 mi |
| Central Avenue | E 49th St, N | 2,976 | 2020 | 0.32 mi |
| Local | E 50th St, N | 3,724 | 2020 | 0.33 mi |
| Central Ave | E 50th St, N | 3,654 | 2022 | 0.37 mi |
NEARBY MAJOR RETAILERS
MAP
ADDITIONAL PHOTOS
RPCR 4601 N College Updated_Page_1
RPCR 4601 N College Updated_Page_2
RPCR 4601 N College Updated_Page_3
RPCR 4601 N College Updated_Page_4
Subject Space (Former Urban Hippie Storefront)
Interior Pix #2
Interior Pix #1
Parking Aerial
Hard Corner Pix #2 - Root & Bone Focus