Olio Pavillion, LLC | Fishers, Indiana | 10,595 sq ft.
Acquired in 2016, the Olio property exemplifies the attributes of an ideal Headwater Capital investment — projected to offer our investing partners an average annual cash yield more than 7.0 percent per annum over a 10-year investment period, with a total IRR of 10 percent and a very low risk profile.
Olio Pavilion is a Kroger Marketplace shadow-anchored center located near the intersection of 116th Street and Olio Road in the affluent northeast Indianapolis suburb of Fishers, Indiana. The center, constructed in 2007, is situated on a 1.28-acre site and is 100% occupied.
Tenants include long-term occupants compatible with the particular local demographic they serve. The center is well situated in a high traffic retail destination in the prosperous Geist Reservoir submarket, with several national retailers.
Further proof of the area’s characterization as a high growth area is the nearing completion of Kroger’s conversion of their local supermarket to a Kroger Marketplace. The $20 million expansion will increase the current footprint from 65,000 sq ft to 123,000.
For more on the Olio acquisition, read the press release here.
To learn more about the possibility of earning long-term, reliable cash flow with Headwater Capital, contact Robert Kantor at RAKantor@HeadwaterCapital.com or call 855-208-7551
