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Castleton Place 5900 E 82 ST, INDIANAPOLIS, IN CASTLETON SQUARE MALL OUTPARCEL WITH SIGNIFICANT UPSIDE ND ONLINE AUCTION JUNE 1-3, 2020

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Page 1: Castleton Place - images1.loopnet.com€¦ · LOCATED BETWEEN BEST BUY AND LONG HORN AT THE ENTRANCE TO CASTLETON SQUARE MALL W/ FRONTAGE ON 82ND ST ... Tailored Brands Inc, a retail

Castleton Place5900 E 82 ST, INDIANAPOLIS, IN

CASTLETON SQUARE MALL OUTPARCEL WITH SIGNIFICANT UPSIDE

ND

O N L I N E A U C T I O NJ U N E 1 - 3 , 2 0 2 0

Page 2: Castleton Place - images1.loopnet.com€¦ · LOCATED BETWEEN BEST BUY AND LONG HORN AT THE ENTRANCE TO CASTLETON SQUARE MALL W/ FRONTAGE ON 82ND ST ... Tailored Brands Inc, a retail

P R I M E R E T A I L O U T P A R C E L ±47,108 SF RETAIL SHOPS SHADOW

ANCHORED BY BEST BUY; PRIME OUTPARCEL TO CASTLETON SQUARE MALL (±1.3M SF

INDOOR SIMON MALL) WITH INSTANT CONSUMER DRAW

R E P O S I T I O N I N G O P P O R T U N I T Y W I T H S I G N I F I C A N T V A L U E A D D

±33% LEASED; ANCHORED BY MEN’S WEARHOUSE WITH UPSIDE VIA

REPOSITIONING/STRATEGIC LONG TERM LEASE-UP OF THE AVAILABLE ±31,632 SF

D E N S E T R A D E A R E A W / S T R O N G C U S T O M E R P U L L

DENSELY POPULATED REGIONAL TRADE AREA WITH STRONG DAYTIME TRAFFIC;

SERVES A POPULATION OF ±170,400 WITH AN AHHI OF ±$98,500 (5-MI)

P R I M E F R O N T A G E & V I S I B I L I T YLOCATED BETWEEN BEST BUY AND LONG HORN AT THE ENTRANCE TO CASTLETON

SQUARE MALL W/ FRONTAGE ON 82ND ST (±34,939 VPD) JUST OFF EXIT 35 OF I-465

WITH OVER ±158K VPD

castlEton placeADDRESS: 5900 E 82nd Street, Indianapolis, IN 46250PROPERTY TYPE: Freestanding Neighborhood CenterPARCEL NUMBER: 4019682LEASEABLE SF: ±47,108 SF; 9 Retail UnitsSITE SIZE: ±3.38 AcresYEAR BUILT: 1980OCCUPANCY: ±32.87% (April 2020)NOI: ±$181,567.76 (YE 2019)

Page 3: Castleton Place - images1.loopnet.com€¦ · LOCATED BETWEEN BEST BUY AND LONG HORN AT THE ENTRANCE TO CASTLETON SQUARE MALL W/ FRONTAGE ON 82ND ST ... Tailored Brands Inc, a retail

R E N T R O L L ( 2 . 2 9 . 2 0 2 0 )

± 7 , 8 6 0 S F ( ± 1 6 . 6 8 % G L A )T E R M : 2 / 1 9 9 3 - 2 / 2 0 2 1

C U R R E N T R E N T: $ 5 2 , 4 7 7 . 8 0

Founded in 1973, by George Zimmer as a retail men’s clothing store, the business had grown to 100 stores when it held an IPO in 1992 raising $13M. Zimmer turned Men’s Wearhouse into an industry consolidator, acquiring numerous competitors throughout his tenure leading the firm. Today, Tailored Brands Inc, a retail holding company for various men’s apparel stores, headquartered in Fremont CA and publicly traded on the NYSE operates Men’s Wearhouse. Tailored Brands reaches customers through an expansive omni-channel network that includes over 1,400 stores in the US and Canada as well as branded e-commerce websites at www.menswearhouse.com, www.josbank.com, and www.josephabboud.com. The US retail stores operate under the Men’s Wearhouse, Men’s Wearhouse and Tux, Jos. A. Bank, Joseph Abboud and K&G brand names and are located in 50 states and the District of Columbia. Our Canadian stores operate under the Moores brand name and are located in 10 Canadian provinces. As of February 2019, the Company operated 1,464 stores throughout the US and Canada.

Men’s Wearhouse is a leading specialty retailer of men’s tailored clothing, and the largest men’s formalwear provider in the US and Canada. Men’s Wearhouse targets the male consumer (18 to 65 years old) by providing superior, personalized customer service and offering a broad selection of exclusive and non-exclusive merchandise brands at regular and sale prices that are competitive with specialty retailers and traditional department stores. Merchandise includes suits, suit separates, sport coats, slacks, formalwear, business casual, denim, sportswear, outerwear, dress shirts, shoes and accessories in classic, modern, slim and ultra-slim fits and in a wide range of sizes. As of February 2019, Tailored Brands operated 719 Men’s Wearhouse retail apparel stores, referred to as “Men’s Wearhouse stores” or “full line stores”, that offer a full selection of retail merchandise and rental product. Men’s Wearhouse stores are primarily located in regional strip and specialty retail shopping centers or in freestanding buildings as we believe that men prefer direct and easy store access that enables our customers to park near the entrance of the store.

N Y S E : T L R D± 1 , 4 6 4 S T O R E S

± 2 0 , 6 0 0 E M P L O Y E E S

Page 4: Castleton Place - images1.loopnet.com€¦ · LOCATED BETWEEN BEST BUY AND LONG HORN AT THE ENTRANCE TO CASTLETON SQUARE MALL W/ FRONTAGE ON 82ND ST ... Tailored Brands Inc, a retail

F I N A N C I A L SH I STO R I C A L F I N A N C I A L S B U D G E T F I N A N C I A L S

Page 5: Castleton Place - images1.loopnet.com€¦ · LOCATED BETWEEN BEST BUY AND LONG HORN AT THE ENTRANCE TO CASTLETON SQUARE MALL W/ FRONTAGE ON 82ND ST ... Tailored Brands Inc, a retail

L O C A T I O N A E R I A L