Village Shoppes at 96th Street

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2 CONFIDENTIALITY AND DISCLAIMER The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB's or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. NON-ENDORSEMENT NOTICE Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers. ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.

3 TABLE OF CONTENTS Section 1 PROPERTY DESCRIPTION Section 2 PRICING AND FINANCIAL ANALYSIS Section 3 MARKET OVERVIEW Section 4 DEMOGRAPHIC ANALYSIS

4 PROPERTY DESCRIPTION Village Shoppes at 96th Street

5 PROPERTY DESCRIPTION INVESTMENT OVERVIEW Investment Highlights 100% Occupied Three-Tenant Retail Center on Outlot to Meijer Newly Constructed in 2015 on 1.8 Acre Outparcel Attractive New Debt Financing Available or Existing Assumable Debt High Average Household Incomes Exceeding $106,000 Within Five Miles Major Retail Trade Area With High Daytime Employment & Nightime Residents Significant New Infrastructure Improvements, Roche Diagnostic Headquarters Expansion & IKEA Development Nearby Triple-Net Leases With Rental Growth - Passive Investment With Tenants Reimbursing 100% of CAM, Taxes, & Insurance One of Indianapolis' Most Affluent Suburbs With National Accolades Marcus & Millichap is pleased to exclusively market for sale the Village Shoppes at 96th Street, a 6,000 square foot retail center, located at 8375 East 96th Street in Fishers (Indianapolis), Hamilton County, Indiana. Fishers, a northeastern suburb, is one of Indianapolis most densely populated and affluent communities. Newly constructed in 2015, the retail center is situated on approximately 1.8 +/- acres. Village Shoppes at 96th Street is strategically positioned on an outparcel to a Meijer and Staples which maintains connectivity to an adjacent Kohl s and a 14-screen United Artists Theatre complex. Estimated traffic counts along 96th Street are 54,829 (according to a 2011 traffic study by City of Fishers), and an estimated 24-hour traffic volume on Interstate 69 of 108,330 cars. Village Shoppes at 96th Street is 100 percent occupied with a diverse tenant mix which includes Project Pie, Jersey Mike s, and Noire the Nail Bar. This investment offers an investor an opportunity to own a newly constructed, stable asset in one of Indianapolis most vibrant, affluent, and mature retail corridors. The subject property is visible and easily accessible from 96th Street and benefits from its close proximity to Interstate 69 (on the east side), which is the primary interstate that services Indianapolis Northeastern Corridor. Village Shoppes at 96th Street benefits from being in close proximity to Walmart Supercenter, Fry s Electronics, Menards, Home Depot, Sam s Club, Panera, Ruby Tuesday, Marsh Supermarket, Chase, PNC, Starbucks, IHOP, Ruby Tuesday, Applebee s, and many other retailers. Across the intersection there is a concentration of hotels including Residence Inn, Baymont Inn, Hilton Garden, Comfort Inn, and Holiday Inn Express. The subject also benefits from being located in a dense residential area which surrounds the property. In the immediate vicinity are Pine Ridge Estates, Sargent Brook, Hunter s Ridge, and Sarg s Run, all of which are located directly to the east of the subject property. The demographic makeup of Fishers is both dense and affluent. There are over 61,000 residents within a 3-mile radius of the subject property and 165,000 residents within a 5-mile radius of the subject property. The average household income of the 5-mile radius is estimated to be $106,580. The local market and subject property are also supported by daytime population with over 84,000 employees occupying and utilizing the local trade area during the daytime. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services of Chicago, Inc Marcus &

6 PROPERTY DESCRIPTION PROPERTY SUMMARY The Offering Property Village Shoppes at 96th Street Property Address 8235 East 96th Street Indianapolis, IN Assessor's Parcel Number Zoning Commercial District Site Description Number of Stories One Story Year Built 2015 Gross Leasable Area (GLA) 6,000 SF Lot Size 1.8 Acres Type of Ownership Fee Simple Construction Foundation Framing Exterior Parking Surface Roof Reinforced Concrete Slab Concrete Block & Steel reinforced Barrier Brick, Concrete Block & EIFS Asphalt Firestone TPO Mechanical HVAC Utilities Rooftop Units AT&T, IPL, Citizens Energy Group This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services of Chicago, Inc Marcus &

7 PROPERTY DESCRIPTION This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services of Chicago, Inc Marcus &

8 PROPERTY DESCRIPTION This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services of Chicago, Inc Marcus &

9 PROPERTY DESCRIPTION This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services of Chicago, Inc Marcus &

10 PROPERTY DESCRIPTION This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services of Chicago, Inc Marcus &

11 PROPERTY DESCRIPTION This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services of Chicago, Inc Marcus &

12 PROPERTY DESCRIPTION This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services of Chicago, Inc Marcus &

13 PROPERTY DESCRIPTION SURROUNDING RETAILERS This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services of Chicago, Inc Marcus &

14 PROPERTY DESCRIPTION SURROUNDING RETAILERS This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services of Chicago, Inc Marcus &

15 PROPERTY DESCRIPTION AREA MAPS Local Map Regional Map This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services of Chicago, Inc Marcus &

16 PROPERTY DESCRIPTION SITE PLAN This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services of Chicago, Inc Marcus &

17 PRICING AND FINANCIAL ANALYSIS Village Shoppes at 96th Street

18 PRICING AND FINANCIAL ANALYSIS FINANCIAL OVERVIEW Location 8235 East 96th Street Indianapolis, IN Price $3,100,000 Down Payment 30% $930,000 Gross Leasable Area (GLA) 6,000 Price/SF $ CAP Rate - Current 6.88% Lot Size 1.8 Acres Year Built 2015 Financing FIRST MORTGAGE Loan Amount $2,170,000 Loan Type Proposed New Interest Rate 4.75% Amortization 30 Years Loan information is time sensitive and subject to change. Contact your local Marcus & Millichap Capital Corporation representative. Annualized Operating Data Income Current Base Rent Occupied Space $216,000 Gross Potential Rent $216,000 Expense Reimbursements $67,769 Gross Potential Income $283,769 Effective Gross Income $283,769 Total Expenses $70,615 Net Operating Income $213,154 Reserves / Replacements $600 Net Cash Flow Before Debt Service $212,554 Debt Service $135,837 Debt Coverage Ratio 1.57 Net Cash Flow After Debt Service 8.25% / $76,717 Principal Reduction $33,485 Total Return 11.85% / $110,202 Expenses Real Estate Taxes $21,774 Insurance $2,548 Common Area Maintenance $37,780 Management Fee (% of EGI) 3.0% / $8,513 TOTAL EXPENSES $70,615 EXPENSES/SF $11.77 This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services of Chicago, Inc Marcus &

19 PRICING AND FINANCIAL ANALYSIS RENT ROLL TENANT GLA % GLA Start End Rent/Mo. Rent/Yr. Rent/SF CAM Taxes Insurance CAM Admin Total Total/SF Options Project Pie Pizza/Pieology 2, % 03/16/15 07/31/25 $7, $86, $36.00 $15, $8, $1, $2, $27, $11.29 Three Five-Year Options (Corporate) 08/01/20 $7, Noire - The Nail Bar 1, % 03/25/15 06/30/25 $5, $68, $38.00 $11, $6, $ $1, $20, $11.29 Two Five-Year Options (Multi-Unit Franchisee Operator) 07/01/20 $6, Jersey Mike's 1, % 03/24/15 06/30/20 $5, $61, $34.00 $11, $6, $ $1, $20, $11.29 Two Five-Year Options (Multi-Unit Franchisee Operator) Rent Income Total Total 6, % Gross $216,000 $283,769 $37,780 $21,774 $2,548 $5,667 $67,769 Vacant % Vacant $0 $0 $0 $0 $0 $0 $0 Occupied 6, % Scheduled $216,000 $283,769 $37,780 $21,774 $2,548 $5,667 $67,769 This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services of Chicago, Inc Marcus &

20 PRICING AND FINANCIAL ANALYSIS TENANT CONCEPT SUMMARIES This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services of Chicago, Inc Marcus &

21 PRICING AND FINANCIAL ANALYSIS PROJECT PIE REPRESENTATIVE PHOTOS This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services of Chicago, Inc Marcus &

22 PRICING AND FINANCIAL ANALYSIS NOIRE THE NAIL BAR REPRESENTATIVE PHOTOS This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services of Chicago, Inc Marcus &

23 PRICING AND FINANCIAL ANALYSIS JERSEY MIKE'S REPRESENTATIVE PHOTO This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services of Chicago, Inc Marcus &

24 PRICING AND FINANCIAL ANALYSIS FINANCING Existing Financing Loan Amount $2,110,000 Loan Type Assumption Interest Rate 5.702% Amortization Original Term 30 Years 10 Years Due Date 8/1/2026 Current Monthly Payment $ Lender Name Non-Recourse Proposed Financing First Trust Deed Loan Amount $2,170,000 Loan Type Proposed New Interest Rate 4.75% Amortization 30 Years Debt Coverage Ratio 1.57 This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services of Chicago, Inc Marcus &

25 PRICING AND FINANCIAL ANALYSIS INCOME & EXPENSES Gross Leasable Area (GLA) 6,000 SF Base Rent Current Per SF Occupied Space $216,000 $36.00 GROSS POTENTIAL RENT $216,000 $36.00 Expense Reimbursements Real Estate Taxes $21,774 $3.63 Insurance $2,548 $0.42 CAM $37,780 $6.30 CAM Administration $5,667 $0.94 Total Expense Reimbursements $67,769 $11.29 GROSS POTENTIAL INCOME $283,769 $47.29 EFFECTIVE GROSS INCOME $283,769 $47.29 Total Expenses $70,615 $11.77 NET OPERATING INCOME $213,154 $35.53 Reserves / Replacements $600 $0.10 NET CASH FLOW BEFORE DEBT SERVICE $212,554 $35.43 This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services of Chicago, Inc Marcus &

26 PRICING AND FINANCIAL ANALYSIS EXPENSES Current Per SF Real Estate Taxes $21,774 $3.63 Insurance $2,548 $0.42 Common Area Maintenance $37,780 $6.30 Management Fee $8,513 $1.42 TOTAL EXPENSES $70,615 $11.77 Tenants (% OF GLA) Jersey Mike's: 30.00% Project Pie Pizza : 40.00% Noire - The Nail Bar: 30.00% This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services of Chicago, Inc Marcus &

27 MARKET OVERVIEW Village Shoppes at 96th Street

28 MARKET OVERVIEW FISHERS, INDIANA (INDIANAPOLIS SUBURB) This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services of Chicago, Inc Marcus &

29 MARKET OVERVIEW INDIANAPOLIS Market Highlights Premier distribution hub Around 50 percent of the U.S. population is within a one-day drive of Indianapolis. Major health sciences center Eli Lilly & Co., Roche Diagnostics Corp. and Covance Inc. maintain operations in the region. Low costs of living and doing business Indianapolis costs are far below national averages, attracting businesses and residents to the area. Geography The Indianapolis metro is situated in the Central Till Plains region of central Indiana and consists of Marion, Johnson, Hamilton, Boone, Hendricks, Morgan, Hancock, Shelby and Madison counties. The metro lacks formidable development barriers, except for the several rivers and creeks that traverse the region. Marion County, home to Indianapolis, is surrounded by mainly rural counties, offering builders ample land for residential and commercial development. Population growth is primarily concentrated to the northern suburbs and west of the city. Indianapolis-Carmel-Anderson Metro This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services of Chicago, Inc Marcus &

30 MARKET OVERVIEW INDIANAPOLIS Metro The Indianapolis metro is composed of 11 counties, the largest of which is Marion. The metro s population is forecast to increase 5.4 percent over the next five years. The most populous city in the metro is Indianapolis, claiming 850,000 residents, followed by Carmel. Infrastructure Indianapolis is a trade and transportation center, with 50 percent of the U.S. population within an eight-hour drive. The metro is often referred to as the Crossroads of America because of the four interstates that converge in the metro, connected by a beltway around the city. The area is served by two Class I railroads, CSX and Norfolk Southern, and four short lines: Indiana Southern, Indiana Railroad Co., Louisville & Indiana Rail and Central Railroad of Indiana. Indianapolis International Airport is located 15 minutes from downtown. Activity continues to increase at the airport, which currently supports approximately 7.2 million passengers per year. Other airports in the area are the Metropolitan Airport, Indianapolis Regional Airport, Eagle Creek Airpark, Gordon Graham Field and the Downtown Heliport. Indianapolis Public Transportation Corp. (IndyGo) provides bus service throughout the city, while Central Indiana Commuter Services offers bus service to the surrounding counties. Largest Cities in Metro by Population Indianapolis 850,000 Carmel 88,200 Fishers 84,400 Anderson 59,000 Noblesville 55,700 Greenwood 53,000 Airports Indianapolis International Airport Four general aviation airports Downtown Heliport Major Roadways Interstates 65, 69, 70, 74 and 465 Rail Freight - CSX, Norfolk Southern, four shortline railroads Passenger - Amtrak The Indianapolis Metro is: 180 miles from Chicago 265 miles from Milwaukee 270 miles from Detroit 560 miles from Baltimore * Forecast Sources: Marcus & Millichap Research Services, U.S. Census Bureau, Experian This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services of Chicago, Inc Marcus &

31 MARKET OVERVIEW INDIANAPOLIS Economy Indianapolis underwent an economic renaissance during thepasttwodecades.theimportanceofmanufacturing companies lessened as other employment sectors began to play larger roles. Local pharmaceutical production facilities have helped stabilize manufacturing employment despite the sector s diminished significance. The metro is one of the key health-sciences centers in the nation, anchored by several pharmaceutical and life-sciences companies. Indianapolis is easily accessible to many major metros by ground or air, resulting in the trade, transportation and utilities sector posting phenomenal growth in the past three decades. The industry has added more than 70,000 positions since 1990 and now accounts for 22 percent of metro area jobs. Annual GMP in Indianapolis is expected to top 5.2 percent this year, well above the national level. Retail sales rose 6.3 percent in 2015, higher than the U.S. average of 2.2 percent. Retail sales growth is expected to continue over the coming two years at a pace exceeding 6 percent. The concentration of intellectually intensive firms, low business costs and right-to-work legislation signal the state s pro-business stance. * Forecast Sources: Marcus & Millichap Research Services, Bureau of Economic Analysis, Moody s Analytics, U.S. Census Bureau, Experian This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services of Chicago, Inc Marcus &

32 MARKET OVERVIEW INDIANAPOLIS Labor After rapid gains in the Indianapolis employment base over the previous five years, the rate of job growth is expected to slow near 1.6 percent throughout 2020, expanding the number of jobs to more than 1.1 million. The diversifying economy will redistribute jobs toward some of the metro s traditionally smaller employment sectors. As a major transportation and distribution hub, the largest share of Indianapolis jobs belong to the trade, transportation, and utilities sector. This sector comprises 22 percent of all metro employment. As the economy shifts away from manufacturing, the area is drawing more major national and global firms to maintain corporate headquarters and regional facilities in the metro, including Rolls-Royce, Cummins and Simon Property Group. As a result, the number of workers in the professional and business services sector has grown dramatically, now comprising 16 percent of total metro employment. This sector will post growth of 3.6 percent in each of the next five years. The numerous hospitals and institutions of higher learning help to boost education and health services segment to 14 percent of total employment. Growth in this sector is expected to rise as the baby boom generation ages into their retirement years, increasing the need for healthcare. Through the next five years, this segment will increase 2 percent annually. All employment sectors, except government, are expected to grow in each of the next five years. Some of the most dramatic employment gains will be in construction, where expansion should reach 5 percent annually. * Forecast Sources: Marcus & Millichap Research Services, BLS, Moody s Analytics This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services of Chicago, Inc Marcus &

33 MARKET OVERVIEW INDIANAPOLIS Employers Indianapolis offers a diverse employment base. State and local government entities remain important employers, but the private industry is creating a multitude of higher-paying positions. Indianapolis is considered an intellectual capital due to its concentrations of healthcare-related companies and post-secondary educational institutions. Eli Lilly & Co. maintains its corporate headquarters in Indianapolis. The metro, which accounts for a sizable percentage of the company s workforce, is home to Eli Lilly s research laboratories, clinical trials and drug manufacturing. The aging population and heightened awareness of health issues are anticipated to improve Eli Lilly s position in the marketplace, which will positively impact Indianapolis over the next several years. Roche Diagnostics is another major company in the region s health research. Major Employers Eli Lilly & Co. Indiana University Health Rolls-Royce Corp. Community Health Marsh Supermarkets Kroger IUPUI FedEx Roche Diagnostics Anthem Inc., a national healthcare benefits provider, is based in Indianapolis, employing thousands of local workers. Other large healthcare companies include Indiana University Health and St. Vincent Hospital. FedEx and Amazon are major employers in the Indianapolis logistics and distribution industry and provide thousands of jobs to the region. FedEx s secondlargest hub in the world is located at Indianapolis International Airport. * Forecast Sources: Marcus & Millichap Research Services, BLS, Moody s Analytics, Experian This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services of Chicago, Inc Marcus &

34 MARKET OVERVIEW INDIANAPOLIS Demographics Population growth in Indianapolis will continue to outpace the national rate of expansion over the next five years. During the span, the population will reach more than 2 million residents, increasing by more than 106,000 residents. The Indianapolis metro has a relatively young population, with a median age of 36.1 years old, compared with the U.S. median of 37.5 years old. The presence of several universities and colleges, along with a diverse economic base, lures a young workforce. The segment of population between 20 to 24 years old currently makes up 6.4 percent of the population. Metro residents have a higher educational attainment level than the U.S. average. Roughly 30 percent of individuals over the age of 25 have earned at least a bachelor s degree, with 10.4 percent also holding a graduate degree. Higher education levels often translate into higher incomes. The median income in the metro at $56,100 is slightly above the national median. The median home price in Indianapolis, at $154,800, is below the U.S. median. In the next five years, rising household income will slightly surpass the increase in housing prices, making homeownership attainable for more households. Currently, 66.1 percent of households own their homes. * Forecast Sources: Marcus & Millichap Research Services, AGS, Experian, Moody s Analytics, U.S. Census Bureau This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services of Chicago, Inc Marcus &

35 MARKET OVERVIEW INDIANAPOLIS Quality of Life Indianapolis offers residents many big-city amenities in an affordable, small-town atmosphere. The city is home to several high-profile auto races, including the Indianapolis 500 and Brickyard 400. Races are hosted at the Indianapolis Motor Speedway and the Lucas Oil Raceway at Indianapolis. The metro has two major league sports teams: the Indianapolis Colts (NFL) and the Indiana Pacers (NBA). The area also has a vibrant cultural and arts scene, with more than 200 art galleries and dealers, the Indianapolis Symphony Orchestra and a variety museums, including the Eiteljorg Museum of American Indians and Western Art. Additionally, the Children s Museum of Indianapolis is one of the largest children s museums in the world. Outdoor recreational activities abound. White River State Park in central Indianapolis is home to a multitude of cultural institutions, including the Indianapolis Zoo, and numerous trails and paths to hike, bike or skate. The city is only 90 miles from Paoli Peaks, where visitors can partake in wintertime sports. Golf aficionados can enjoy the dozens of 18-hole golf courses located in the region. * Forecast Sources: Marcus & Millichap Research Services, National Association of Realtors, Moody s Analytics, U.S. Census Bureau The information contained in the market overview comes from sources deemed to be reliable, however, no representation, warranty or guarantee, express or implied, may be made as to the accuracy or reliability of the information contained herein. The most timely data available at time of production, including estimates and forecasts, were used and may be subject to revision. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services of Chicago, Inc Marcus &

36 DEMOGRAPHIC ANALYSIS Village Shoppes at 96th Street

37 DEMOGRAPHIC ANALYSIS DEMOGRAPHIC REPORT 1 Mile 3 Miles 5 Miles 2000 Population 3,871 55, , Population 4,103 58, , Population 4,287 60, , Population 4,504 62, , Households 1,356 23,163 49, Households 1,702 25,217 61, Households 1,775 26,223 64, Households 1,897 27,455 69, Average Household Size Daytime Population 7,110 43,994 85, Owner Occupied Housing Units 91.92% 61.54% 68.41% 2000 Renter Occupied Housing Units 5.85% 31.06% 25.08% 2000 Vacant 2.23% 7.40% 6.52% 2014 Owner Occupied Housing Units 82.94% 65.23% 72.06% 2014 Renter Occupied Housing Units 17.06% 34.77% 27.94% 2014 Vacant 1.68% 3.38% 3.37% 2019 Owner Occupied Housing Units 83.95% 66.21% 72.63% 2019 Renter Occupied Housing Units 16.05% 33.79% 27.37% 2019 Vacant 1.38% 2.76% 2.96% $ 0 - $14, % 5.8% 5.0% $ 15,000 - $24, % 5.9% 5.5% $ 25,000 - $34, % 9.5% 7.9% $ 35,000 - $49, % 13.1% 11.4% $ 50,000 - $74, % 19.8% 17.2% $ 75,000 - $99, % 15.8% 15.2% $100,000 - $124, % 11.9% 13.0% $125,000 - $149, % 6.6% 8.3% $150,000 - $199, % 6.3% 8.2% $200,000 - $249, % 2.1% 3.2% $250, % 3.3% 5.1% 2014 Median Household Income $79,398 $69,275 $79, Per Capita Income $41,472 $39,473 $42, Average Household Income $100,185 $90,766 $106,580 Demographic data 2012 by Experian. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services of Chicago, Inc Marcus &

38 DEMOGRAPHIC ANALYSIS SUMMARY REPORT Geography: 5 miles Population In 2014, the population in your selected geography is 162,292. The population has changed by 27.32% since It is estimated that the population in your area will be 174,581 five years from now, which represents a change of 7.57% from the current year. The current population is 48.28% male and 51.71% female. The median age of the population in your area is 36.1, compare this to the Entire US average which is The population density in your area is 2, people per square mile. Households There are currently 64,361 households in your selected geography. The number of households has changed by 30.20% since It is estimated that the number of households in your area will be 69,449 five years from now, which represents a change of 7.90% from the current year. The average household size in your area is 2.50 persons. Income In 2014, the median household income for your selected geography is $79,633, compare this to the Entire US average which is currently $51,972. The median household income for your area has changed by 13.67% since It is estimated that the median household income in your area will be $90,619 five years from now, which represents a change of 13.79% from the current year. The current year per capita income in your area is $42,309, compare this to the Entire US average, which is $28,599. The current year average household income in your area is $106,579, compare this to the Entire US average which is $74,533. Race & Ethnicity The current year racial makeup of your selected area is as follows: 80.24% White, 10.49% Black, 0.04% Native American and 4.64% Asian/Pacific Islander. Compare these to Entire US averages which are: 71.60% White, 12.70% Black, 0.18% Native American and 5.02% Asian/Pacific Islander. People of Hispanic origin are counted independently of race. People of Hispanic origin make up 4.66% of the current year population in your selected area. Compare this to the Entire US average of 17.13%. Housing In 2000, there were 36,169 owner occupied housing units in your area and there were 13,259 renter occupied housing units in your area. The median rent at the time was $652. Employment In 2014, there are 85,922 employees in your selected area, this is also known as the daytime population. The 2000 Census revealed that 82.43% of employees are employed in white-collar occupations in this geography, and 17.27% are employed in blue-collar occupations. In 2014, unemployment in this area is 4.45%. In 2000, the average time traveled to work was 25.9 minutes. Demographic data 2012 by Experian. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services of Chicago, Inc Marcus &

39 DEMOGRAPHIC ANALYSIS EMPLOYMENT DENSITY Demographic data 2012 by Experian. The number of people employed in a given area per square mile. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services of Chicago, Inc Marcus &

40 DEMOGRAPHIC ANALYSIS AVERAGE HOUSEHOLD INCOME Demographic data 2012 by Experian. Average income of all the people 15 years and older occupying a single housing unit. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services of Chicago, Inc Marcus &

41 DEMOGRAPHIC ANALYSIS TRAFFIC COUNTS Traffic Count data 2012 by TrafficMetrix. All rights reserved. Two-way, average daily traffic volumes. * Traffic Count Estimate This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services of Chicago, Inc Marcus &

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