Whistle Retail Center

JLL as selling agents are pleased to bring to market the premier retail opportunity located at 11594 Whistle Drive, Fishers, IN. This unparalleled strip center positions investors at the heart of one of the Midwest’s fastest-growing trade areas.

Seize this unique opportunity to own a freshly constructed, fully occupied, 29,984 SF strip center boasting a robust Year 1 NOI of +/-$1,080,000 and an impressive WALT of 9.6 years. The center features a curated mix of national tenants and dynamic retail concepts. The space offers an ABR exceeding $30/PSF across a diverse tenant base, ensuring stable cash flow and growth potential.

The property nestles within a vibrant submarket, characterized by a population climb of 38% since 2010. This growth trajectory is set to continue, with forecasts indicating an increase to 135,000 by 2040. Fishers’ strategic location at the intersection of 116th and I-69 affords unmatched visibility and accessibility, enhanced by a thriving multifamily and hotel unit influx—over +7,000 and +2,000 units respectively within a 3-mile radius.

Benefiting from Fishers’ robust capital investments exceeding $3.3 billion since 2014, including the transformative $550 million Fishers District expansion, this asset is poised for rental growth aligned with regional developments. With retail vacancy at a mere 1.3% and set to dip further, the property represents a prime investment punctuated by limited competition.

This offering presents an exceptional chance to capitalize on Fishers’ affluent demographics and significant economic initiatives, projecting stable long-term revenues and amplified asset appreciation.