Speedway Shoppes

Retail Property
Mascia Development
Phoenix, AZ

Offered By

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Assets Under
Management

Currently
$514MM 50+ assets
Exited
$75MM 20+ assets
Portfolio LTV
50%  
Historical
Realized Returns

Total IRR
18.7%  
Equity Multiple
2.6x  
Annual Cash
8%  
Years Of
Experience

As Principals
25+ years  
In Business
12 years  
Size
6 Staff * Dedicated investor relations
* All information is reported by Mascia Development as of 3/26/2018.
Assets Under
Management

Currently
$514MM 50+ assets
Exited
$75MM 20+ assets
Portfolio LTV
50%  
Historical
Returns

Total IRR
18.7%  
Equity Multiple
2.6x  
Annual Cash
8%  
Years Of
Experience

As Principals
25+ years  
In Business
12 years  
Size
6 Staff * Dedicated investor relations
* All information is reported by Mascia Development as of 3/26/2018.

About this Property

Speedway Shoppes is a 16,000-square-foot retail strip located at 5945 Crawfordsville Road, Indianapolis IN. The 92% occupied shopping center was built has direct frontage and excellent visibility from busy Crawfordsville Road.

Speedway Shoppes benefits from its proximity to the Indianapolis Motor Speedway less than 1.5 miles southeast of the subject property and the Crawfordsville Road/I-465 interchange less than one mile northwest.

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Key Points

  • Amazon resistant tenant mix: The property features an excellent mix of Amazon resistant tenants with the vast majority of the property being occupied by food service, medical or service businesses.
  • Direct Frontage & Excellent Visibility: Situated on a busy retail corridor with 20,000+ cars/day. Traffic counts are one of the most important metrics for retail property success.
  • Busy Retail Corridor: Located across from a large shopping center owned by Brixmor with 572,000 square feet of retail space and anchored by Kroger, Kohl’s and TJ Maxx. In addition, nearby retailers include CVS, Big Lots, Starbucks, Applebees, McDonalds and Sherwin Williams.
  • Indianapolis Motor Speedway: Less than 2 miles away; the racetrack is one of the largest sport events in the US, attracting over one million spectators every year including INDYCAR Grand Prix, Indianapolis 500, Brickyard Vintage Racing Invitational, Indy Women in Tech Championship, and the Big Machine Vodka 400 at the Brickyard & Red Bull Air Race.
  • New Development: The area includes a new Burlington Coat Factory, Five Below and Ross Dress for Less being built across from Speedway Shoppes. In addition, a $50 million mixed-use development across from Indianapolis Motor Speedway featuring a 126-room Hilton, 90 apartments with restaurants and retail stores are scheduled to break the ground in 2018. Furthermore, the newly built Speedway Marketplace along Crawfordsville and I-465 (0.6 mile from the subject property) includes Starbucks, Chipotle and Verizon.
  • Large MSA: The Indianapolis MSA is the largest metropolitan area in the state of Indiana with over 2 million residents; the city of Indianapolis has over 855,000 residents, making it the third most populous city in the Midwest and 15th most populous in the US.
  • Fortune 500: Indianapolis is home to 3 Fortune 500 companies including Anthem (29), Eli Lilly (132) and Simon Property (477).

Financials

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Offering Financial

Location Details

Indianapolis, IN

Indianapolis is the capital and most populous city of the U.S. state of Indiana. With an estimated population of 855,164 in 2016, Indianapolis is the second most populous city in the Midwest and 15th most populous in the U.S. The city is the economic and cultural center of the Indianapolis metropolitan area, home to 2 million people, the 34th most populous metropolitan statistical area in the U.S.

Many national and regional companies are headquartered in Indianapolis including Finish Line, Simon Property Group, Anthem Inc., Eli Lilly and Marsh Supermarkets.

Indianapolis is a major center for motorsports. Since 1911, Indianapolis Motor Speedway has been the site of the Indianapolis 500 which is the world’s largest single-day event hosting more than 257,000+ attendees. The city is the home of Indiana University – Purdue University Indianapolis (52,000+ students), Butler University (4,600+ students), Marian University (3,300+ students) and University Of Indianapolis (7,200+ students).

The region is easily accessible by Indianapolis International Airport which is the largest airport in Indiana, serving about 7.5 million passengers and transporting 985,000 tons of cargo annually. In addition, the airport is home to the second-largest FedEx operation in the world.

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Documents

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Offering Agreement Documents

Frequently Asked Questions

Below are some of the most frequently asked questions about this offering.

The funding deadline for this opportunity is April 27th, 2018.

The first projected distribution is scheduled for May 2018.

Distributions are scheduled to go out on a monthly basis.

Yes, non-US residents are welcome to apply. Please contact the sponsor for more details.

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