University Shoppes

3919 Madison Ave | Indianapolis, IN 46227

OFFERING INTRODUCTION

Matthews™, as exclusive broker, is pleased to present the opportunity to acquire University Shoppes, a two-tenant community retail asset situated immediately adjacent to the University of Indianapolis in Indianapolis, IN.

INVESTMENT HIGHLIGHTS

100% occupied two-tenant retail asset
Occupied by Hope Academy and the Indiana Bureau of Motor Vehicles with 7 years of avg. remaining lease term

Situated within the heart of growing Indianapolis
At the high traffic, signalized intersection of E Hanna Ave and Madison Ave, accessing a combined 36,325 VPD

Ideal hands-off ownership scenario for passive investors
With two e-commerce resistant and macro-economic insulated tenants - Hope Academy High School and government tenant - Indiana BMV, both on longer term leases

University Shoppes, in addition to being a stabilized asset, provides intrinsic NOI growth
Via Hope Academy’s annual rent escalations, adding value over time

Positioned immediately adjacent to the University of Indianapolis main campus
A nationally ranked university by US News and World Report, with over 5,500 students

Well-constructed and designed physical asset
Characterized by modern building aesthetics while minimizing the need for near-term CapEx

Growing, dense trade area demographics
Highlighted by a 5-mile population of over 223,000 people

Hanna Shoppes, though not a part, provides consumer synergy for the Property
Via traditional retail tenants and restaurant draws like Don Juan’s Taqueria, Papa John’s, and Friend’s Diner

MARKET OVERVIEW

University Shoppes is strategically positioned along a high traffic corridor, within the heart of south Indianapolis, immediately adjacent to the University of Indianapolis’ 65-AC main campus.

Indianapolis, IN

Located in the heart of the Midwest, Indianapolis is Indiana’s capital and largest city, offering a highly centralized location with access to more than 75% of the U.S. population within a one-day drive. The city is supported by a robust transportation network anchored by major interstate corridors, including I-65, I-69, I-70, and I-74, positioning Indianapolis as a key logistics and distribution hub for the region. Indianapolis International Airport (IND) is recognized as one of North America’s leading cargo airports, further reinforcing the city’s role as a national transportation center.

Indianapolis features a diverse and stable economy supported by healthcare, life sciences, advanced manufacturing, education, and logistics. The city is home to prominent medical and research institutions, a strong corporate presence, and an expanding technology sector. Cultural and recreational amenities include professional sports franchises, a lively downtown, nationally recognized convention facilities, and an extensive network of parks and trails. These attributes contribute to the city’s continued growth and its appeal as a place to live, work, and do business.

PROPERTY ATTRIBUTES

Perfect Low-Maintenance Asset for Passive Investors

Occupied by two service-oriented tenants - Indiana Bureau of Motor Vehicles and Hope Academy High School – on long-term leases, University Shoppes provides an ideal investment opportunity for investors seeking a passive ownership scenario with built-in NOI growth.

Strategic, In-Fill Position Adjacent to the University of Indianapolis

Conveniently situated just 10 minutes south of the middle of Downtown Indianapolis, the Property boasts a strategic, high traffic location between two signalized intersections and immediately adjacent to the 65-AC campus of the University of Indianapolis. Home to roughly 5,000 students from over 40 states and 60 countries, the University of Indianapolis has been a private institution within the heart of the city since 1902, offering over 100 undergraduate degree programs, 32 master’s degree programs, and 5 doctoral programs, along with 25 NCAA-II varsity sports programs.

Complimentary Retail Strip Draw

Sharing a parking area with University Shoppes, the separately-owned Hanna Shoppes retail strip is home to Friend’s Diner, Papa John’s, and Don Juan Taqueria, in addition to Happy Nails and Laundry Plus – all of which provide additional consumer draw at the Property throughout the day.

PHOTO GALLERY