16650-16680 Mercantile Blvd - Stoney Creek Commons Local commercial | 4 577 m²

16640 & 16650-16680 Mercantile Boulevard offers an exceptional opportunity to acquire two fully occupied retail buildings within the vibrant Stoney Creek Commons Shopping Center in Noblesville, Indiana. This 11.39-acre site comprises a total of 84,226 square feet and 546 parking spaces. Supported by strong corporate guarantees and long-term tenants, the property is home to a mix of prominent national businesses, including LA Fitness and Goodwill Industries, alongside a local tenant, Baggerstown, a new cornhole entertainment venue.

Significant enhancements have been made to the site, such as roof renovations, plumbing and electrical repairs, and a new HVAC system. Additional investments have been made by the tenants to enhance their operations, including the addition of various fitness equipment and weight machines at LA Fitness. Also, Baggerstown is set to invest nearly $2 million into the property, encompassing space improvements, specialized furnishings, equipment, and essential personal property.

Situated within a dense retail corridor, a robust collection of national retailers attracts traffic to the area. Within a half-mile radius, there are numerous retailers such as Walmart, Kohl’s, Chick-fil-A, Bob Evans, Wendy’s, Chili’s, Steak ‘n Shake, White Castle, ALDI, Best Buy, T.J. Maxx, Barnes & Noble, Dollar Tree, and more. The property is positioned in a prime shopping center, demonstrating strong performance with impressive traffic metrics, attracting 3.2 million visits and 549,900 unique visitors annually, along with an average of 5.79 visits per customer each year.

Noblesville is an affluent area boasting high net-worth demographics, ensuring long-term demand and community growth. Located adjacent to Huntington Avenue (±35,000 VPD), the property offers convenient access to key thoroughfares in Indianapolis, including Interstate 69, which experiences over 60,000 VPD. This location provides easy connectivity to Downtown Indianapolis, the largest city in Indiana, as well as to major suburbs like Fishers and Carmel. Within a 5-mile radius of the asset is a population of ±120,123 with a median household income of ±$94,476 and a population growth rate of ±2.50%. Noblesville has increased its population by nearly 20% since 2017.