SNL Completes Sale of Shoppes at Whitestown at Competitive Cap Rate
Sam House Closes Third Deal with Repeat Buyer at Indiana Power Center
Secure Net Lease, a nationally recognized brokerage firm, has successfully closed the sale of Lot 4 at the Shoppes at Whitestown, a multi-tenant outparcel located in the heart of Whitestown, Indiana. The deal marks the third and final outparcel sold at the development and was purchased by the same local buyer who previously acquired the other two pads. The buyer’s continued confidence in the site and market reflects the center’s long-term potential and strong retail demand.
Sam House, who represented the seller, shared, “This was the third and final outparcel in the Shoppes at Whitestown power center development, and we ended up selling it to the same buyer who had purchased the other two pads. It was great to see that continuity and to work with a buyer who already understood the value of the location. A big takeaway with this one was the importance of staying patient and keeping a level head throughout the process. There were a few moments that required some strategic thinking, but ultimately, we were able to deliver a clean, on-time closing. We’re really proud of how this deal came together”
Lot 4 consists of a ±7,400-square-foot multi-tenant retail building strategically positioned within one of Whitestown’s most active retail corridors. The property benefits from excellent visibility, signalized access, and high daily traffic counts. It is situated directly adjacent to the Shoppes at Whitestown main center, surrounded by national anchors including Meijer, Hobby Lobby, and PetSmart. The site is less than a mile from I-65, which connects the area to the greater Indianapolis metro. With strong regional demographics and significant ongoing residential growth, the site offers long-term upside and stability for both tenants and ownership.
The tenant mix within Lot 4 includes a blend of essential service and national brands, offering a diverse lineup that drives daily traffic. The stability of the rent roll and long-term lease structures enhance the investment appeal, making it a strong fit for long-term holders seeking dependable cash flow. The asset’s visibility, quality construction, and strategic location within an established retail hub further reinforce its strength as a multi-tenant investment.
About Secure Net Lease
Secure Net Lease is a nationally recognized brokerage firm with offices in Dallas, TX and Los Angeles, CA that specializes in the acquisition and disposition of investment real estate. With over 100 years of collective experience, over $7.4B in sales, and transaction history in 48 states, Secure Net Lease consistently ranks among the top 10 of all brokerage firms nationally within their niche. Secure Net Lease works with developers, tenants, private and institutional owners to achieve market-setting cap rates for single- and multi-tenant net lease investments across the nation. Historically, 88% of Secure Net Lease offerings are new construction leased to nationally known tenants with 10+ years remaining on the primary term.
