SOUTHPORT SHOPPES2222 W Southport Rd • Indianapolis, IN 46217
Offering Memorandum
N O N - E N D O R S E M E N T A N D D I S C L A I M E R N O T I C E
Confidentiality and DisclaimerThe information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and
should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified
information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due
diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the
future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB's or
asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any
tenant's plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be
reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these
matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to
verify all of the information set forth herein. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved.
Non-Endorsement NoticeMarcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation's logo or
name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product,
service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.
ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.
PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.
SOUTHPORT SHOPPES
Indianapolis, IN
ACT ID Z0260447
2
P R E S E N T E D B Y
Joseph DiSalvo
First Vice President Investments
Indianapolis Office
Tel: (317) 218-5334
Fax: (317) 218-5310
License: IN RB14051407
Forest Bender
Senior Associate
Indianapolis Office
Tel: (317) 218-5346
Fax: (317) 218-5310
License: IN RB14049223
3
TABLE OF CONTENTS
SECTION
INVESTMENT OVERVIEW 01Offering Summary
Location Overview
Regional Map
Local Map
Aerial Photo
FINANCIAL ANALYSIS 02
Tenant Summary
Lease Expiration Chart
Operating Statement
Notes
Pricing Detail
Acquisition Financing
MARKET OVERVIEW 03
Market Analysis
Demographic Analysis
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INVESTMENT
OVERVIEW
PROPERTY PHOTO
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EXECUTIVE SUMMARY
OFFERING SUMMARY
MAJOR EMPLOYERS
EMPLOYER # OF EMPLOYEES
University of Indianapolis 1,056
Schusters Building Products 650
Kroger 562
Cremation Association Corp 523
Walmart 500
Meijer 132 475
Visionary Enterprises Inc 467
McDonalds 464
Perry Township Schools 462
Damar Services Inc 440
Lockheed Martin 435
Events and Scheduling 352
DEMOGRAPHICS
1-Miles 3-Miles 5-Miles
2017 Estimate Pop 8,215 43,023 145,447
2010 Census Pop 7,985 41,619 140,161
2017 Estimate HH 3,238 16,991 55,877
2010 Census HH 3,159 16,477 53,970
Median HH Income $64,309 $60,645 $50,641
Per Capita Income $29,663 $28,898 $24,922
Average HH Income $75,259 $73,142 $64,383
VITAL DATA
YEAR 1 YEAR 2
Price $2,260,000 CAP Rate 8.76% 9.45%
Down Payment 25% / $565,000Net Operating Income
$198,060 $213,666
Loan Amount $1,695,000Net Cash Flow After Debt Service
10.57% / $59,723 13.33% / $75,329
Loan Type Financed Total Return 18.77% / $106,041 23.34% / $131,879
Interest Rate / Amortization 5.00% / 20 Years
Gross Leasable Area (GLA) 16,409 SF
Price/SF $137.73
Year Built / Renovated 2007
Lot Size 1.92 acre(s)
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PROPOSED FINANCING
First Trust Deed
Loan Amount $1,695,000
Loan Type Financed
Interest Rate 5.00%
Amortization 20 Years
Loan Term 5 Years
Loan to Value 75%
THE OFFERING
Property Southport Shoppes
Price $2,260,000
Property Address 2222 W Southport Rd, Indianapolis, IN
Zoning C3
SITE DESCRIPTION
Year Built/Renovated 2007
Gross Leasable Area 16,409 SF
Ownership Fee Simple
Lot Size 1.92 acre(s)
PROPERTY PHOTO
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SOUTHPORT SHOPPES
OFFERING SUMMARY
▪ Convenient Location with easy Highway Access to US-37 and Interstate 465
▪ Just 20 Minutes to Downtown Indianapolis
▪ 12.5% Vacancy Upside for New Ownership
▪ Located just South of Interstate 465, the Major Interstate System Around
Indianapolis
▪ Average HH Income is $75,000+ in a 1 mile Radius of this Location
INVESTMENT HIGHLIGHTS
2222 W Southport Road is an 16,409 square foot, multi-tenant retail building located on the Southside of Indianapolis. The property which was built in 2007, sits just off
of I-465 and US-37 South. US-37 South is one of the major north/south thoroughfares on the southside of the city, ultimately leading down to the southern portions of the
state. US-37 South is currently merging with I-69 near Martinsville, Indiana. The state is expanding the highway to make a more direct route of access to the southern
portions of the State.
US-37 South sees traffic counts in excess of 36,000 vehicles per day and Interstate 465 sees nearly 110,000 VPD at the intersection just north of this property. 2222
Southport Road is currently 87.5% occupied and is the home to a local burger shop, bakery, State Farm, and Anytime Fitness. There is roughly 2,053 square feet of
vacancy in the property, providing a good amount of upside to new ownership.
The subject property is a one story, brick construction building that requires minimal landlord maintenance. The three miles radius surrounding this property features a
retail vacancy rate of just 6% and average NNN rents of around $15 per square foot, per a CoStar report. With a low submarket vacancy rate and little to no new
construction coming online, vacancy rates should continue to shrink and rents will likely continue to rise in this area.
The Southside of Indianapolis is quickly becoming one of the preferred locations to own and operate businesses in the city due to its respectively low rental rates and its
proximity to the major highway systems. The Southside also has one of the fastest growing populations in the Indianapolis MSA, likely due to the low cost of living, and
affordable housing options. The average housing price in the area is $129,513 in 2017, which is nearly $70,000 less than the national average With a growing population
and a booming local economy, this property should provide an investor with stable cash flow for years to come.
INVESTMENT OVERVIEW
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AERIAL PHOTO
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AERIAL PHOTO
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LOCAL MAP
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LOCATION OVERVIEW
CLOSE PROXIMITY TO:
2222 W Southport Rd, Indianapolis, IN 46217
LOCATION OVERVIEWTENANT SUMMARYPRICING AND VALUATION MATRIX
PROPERTY NAMESOUTHPORT SHOPPES
PRICING AND VALUATION MATRIX
PROPERTY NAMESOUTHPORT SHOPPES
LOCATION OVERVIEW
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FINANCIAL
ANALYSIS
FINANCIAL ANALYSIS
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OPERATING STATEMENT
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FINANCIAL ANALYSIS
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TENANT SUMMARY
MARCUS & MILLICHAP CAPITAL CORPORATION
CAPABILITIES
MMCC—our fully integrated, dedicated financing arm—is committed to
providing superior capital market expertise, precisely managed execution, and
unparalleled access to capital sources providing the most competitive rates and
terms.
We leverage our prominent capital market relationships with commercial banks,
life insurance companies, CMBS, private and public debt/equity funds, Fannie
Mae, Freddie Mac and HUD to provide our clients with the greatest range of
financing options.
Our dedicated, knowledgeable experts understand the challenges of financing
and work tirelessly to resolve all potential issues to the benefit of our clients.
National platform
operating
within the firm’s
brokerage
offices
$5.63 billion
total national
volume in 2017
Access to
more capital
sources than
any other firm
in the industry
Optimum financing solutions
to enhance value
Our ability to enhance
buyer pool by expanding
finance options
Our ability to enhance
seller control
• Through buyer
qualification support
• Our ability to manage buyers
finance expectations
• Ability to monitor and
manage buyer/lender
progress, insuring timely,
predictable closings
• By relying on a world class
set of debt/equity sources
and presenting a tightly
underwritten credit file
WHY MMCC?
Closed 1,707
debt and equity
financings
in 2017
ACQUISITION FINANCING
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MARKET
OVERVIEW
MARKET OVERVIEW
INDIANAPOLISOVERVIEW
The Indianapolis metro houses the state capitol and is a growing tech
hub. Situated in central Indiana, the market consists of 11 counties:
Marion, Johnson, Hamilton, Boone, Hendricks, Morgan, Hancock,
Shelby, Brown, Putnam and Madison. The metro lacks formidable
development barriers, except for the several rivers and creeks that
traverse the region. Marion County is home to Indianapolis, which
contains a population of approximately 859,200 people. Carmel in
Hamilton County is the second most populous with more than 91,000
residents. A large portion of the surrounding counties are rural,
offering builders ample land for residential and commercial
development. Population growth is primarily concentrated to the
northern suburbs and west of the city.
MARKET OVERVIEW
METRO HIGHLIGHTS
PREMIER DISTRIBUTION HUB
Around 50 percent of the U.S. population lies within
a one-day drive of Indianapolis, making it a center
for the transportation of goods.
MAJOR HEALTH SCIENCES CENTER
Eli Lilly & Co., Roche Diagnostics Corp. and
Covance Inc. maintain operations in the region,
among other major health-related employers.
LOW COST OF DOING BUSINESS
Indianapolis’ costs are far below national averages,
attracting businesses and residents to the area.
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MARKET OVERVIEW
ECONOMY▪ Indianapolis’ economy has diversified from manufacturing into a variety of other industries,
including a growing tech sector underpinned by Salesforce.com.
▪ The metro is one of the key health-sciences centers in the nation, anchored by several
pharmaceutical and life-sciences companies including Ely Lilly and Roche Diagnostics.
▪ The metro is accessible to a large portion of the nation in one day by ground or air, making
the region a burgeoning logistics and distribution hub.
▪ Annual GMP growth rate tops the national level, a trend that is set to persist next year.
SHARE OF 2017 TOTAL EMPLOYMENT
MAJOR AREA EMPLOYERS
Eli Lilly & Co.
Indiana University Health
Rolls-Royce Corp.
Community Health
Cummins
Kroger
IUPUI
FedEx
Roche Diagnostics
Finish Line* Forecast
MANUFACTURING
9%GOVERNMENT
HEALTH SERVICES
EDUCATION AND
+OTHER SERVICES
4%
LEISURE AND HOSPITALITY FINANCIAL ACTIVITIES
21%
AND UTILITIES
TRADE, TRANSPORTATION CONSTRUCTION
PROFESSIONAL AND
BUSINESS SERVICES
1%INFORMATION
15%
5%
12% 10% 7%
15%
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MARKET OVERVIEW
DEMOGRAPHICS
SPORTS
EDUCATION
ARTS & ENTERTAINMENT
▪ The metro is expected to add nearly 118,100 people through 2022, which will result
in the formation of nearly 52,000 households, generating demand for housing.
▪ A median home price below the national level has produced a homeownership rate
of 65 percent, which is slightly above the national rate of 64 percent.
▪ Roughly 31 percent of people age 25 and older hold bachelor’s degrees; among
those residents, 11 percent also have earned a graduate or professional degree.
Indianapolis offers residents many big-city amenities in an affordable, small-town
atmosphere. The city is home to several high-profile auto races, including the Indianapolis
500 and Brickyard 400. Races are hosted at the Indianapolis Motor Speedway and the
Lucas Oil Raceway at Indianapolis. The metro has two major league sports teams: the
Indianapolis Colts (NFL) and the Indiana Pacers (NBA). The area also has a vibrant cultural
and arts scene, with more than 200 art galleries and dealers, the Indianapolis Symphony
Orchestra and a variety museums, including the Eiteljorg Museum of American Indians and
Western Art. Additionally, the Children’s Museum of Indianapolis is one of the largest
children’s museums in the world.
QUALITY OF LIFE
2017 Population by Age
0-4 YEARS
7%5-19 YEARS
21%20-24 YEARS
6%25-44 YEARS
28%45-64 YEARS
26%65+ YEARS
13%
* Forecast
Sources: Marcus & Millichap Research Services; BLS; Bureau of Economic Analysis; Experian; Fortune; Moody’s
Analytics; U.S. Census Bureau
SOUTHPORT SHOPPES
36.4
2017MEDIAN AGE:
U.S. Median:
37.8
$55,600
2017 MEDIAN HOUSEHOLD INCOME:
U.S. Median:
$56,300
2M
2017POPULATION:
Growth2017-2022*:
5.8%
779K
2017HOUSEHOLDS:
6.7%
Growth2017-2022*:
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Robust employment growth, household formation trigger development in the
market’s northern sections. With job creation accelerating over the past four
quarters, the metro’s unemployment rate contracted under 3 percent. Employment
growth in education and health services and in professional and business services
was most pronounced as each sector added over 6,000 positions. This surge in job
creation supported another 12-month span of strong development, as 1.1 million
square feet of retail space was delivered. The northern submarkets remain an area of
focus for developers as household formation in these parts is intense. Many new
retail structures consisted of quick-service restaurants, including Blaze Pizza and
Portillo’s. IKEA also established a presence in the past year.
Increased vacancy in outer-ring suburbs leads to sliding rents. As construction
remained heightened, vacancy posted a slight uptick in the past 12 months. Supply
additions in the Far West Counties and Northwest County submarkets surpassed
demand, supporting the market’s overall rise. As vacancy increased, Indianapolis
experienced declining rents, particularly in the Northeast County submarket, where
retail development was elevated and landlords dropped rents to attract new tenants.
• Due to uncertainty surrounding the eventual passage of tax reform last year,
transaction velocity eased in the past four quarters. Despite buyers and
sellers being wary of potentially revised tax provisions, cap rates continued
to tighten, as the measure dropped 10 basis points to 7.4 percent.
• California investors remain highly interested in Indianapolis due to initial
returns up to 400 basis points higher than their local metros. Recently, they
placed emphasis on neighborhood centers in Carmel and Fishers, where
household growth is prominent. Here, cap rates sit in the 7 percent range.
• Local buyers continue to drive the market’s deal flow, with many of these
investors focusing on properties under the $2 million mark. Strip malls in the
Meridian Street corridor extending south from Pleasant Run to County Line
Road remain attractive as assets in this area offer high-traffic locations. Cap
rates in the high-8 percent realm can be attained for these retail centers.
Retail 2018 OutlookEnhanced Development Aided by
Favorable Demographic Metrics
INDIANAPOLIS METRO AREA
850,000 sq. ft.
will be completed
4.3% increase in
asking rents
30 basis point
decrease in vacancy
Construction:
Healthy tenant demand drives rents to
$15.11 per square foot. Indianapolis’ average
asking rent still sits $4 below the national
measure.
Strong pre-leasing activity and a reduced
construction pipeline support vacancy
compressing to 4.9 percent, following the
50-basis-point rise last year.
* Cap rates trailing 12 months through 2Q17; 10-year Treasury rate through Aug.
Sources: CoStar Group, Inc.; Real Capital Analytics
Although development slows after 1.2 million
square feet delivered last year, 2018 marks
the fourth straight year of at least 800,000
square feet completed.
Vacancy:
Rents:
Investment Trends
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• Indianapolis employers added
19,000 workers to payrolls in the
past 12 months, with the
education and health services
and business and professional
services sectors leading the way.
Trade, transportation and utilities
also recorded strong gains as
3,000 jobs were added.
• Metro unemployment slid roughly
80 basis points to 2.9 percent,
well below the national measure
of 4.1 percent.
EMPLOYMENT
• The pace of development
remained steady in the past 12
months, with builders focusing
on northern submarkets as well
as the Far South Counties.
Strong household formation in
these areas attracts retailers.
• The Shoppes at Anson
headlines deliveries during the
next four quarters. The 300,000-
square-foot retail center in
Whitestown should be finished
by fall 2018.
CONSTRUCTION
• With heightened completions
over the past yearlong period,
vacancy registered an uptick,
pushing the rate to 5.3 percent.
This rise follows a 40-basis-point
drop in the prior 12-month time
frame.
• A lack of retail deliveries in the
West County submarket
supported a 220-basis-point
decrease, contributing to the
480-basis-point drop logged in
the past five years.
VACANCY
• As tenants moved into the new,
high-quality space, a number of
older properties were brought to
market, decreasing the average
asking rent to $13.58 per square
foot. The decline was supported
by a 15 percent drop in the
Northeast County submarket.
• Despite the metro average
falling, West County and South
County posted growth rates
above 14 percent.
RENTS
INDIANAPOLIS METRO AREA
decrease in the
average asking rent
Y-O-Y
3.9%basis point increase
in vacancy Y-O-Y20square feet
completed
Y-O-Y
1.1 millionincrease in total
employment Y-O-
Y
1.8%
* Forecast
1Q18 - 12-Month Trend
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Multi-Tenant Assets Garner Elevated Interest
Despite Overall Decline in Transaction Velocity
Outlook: Healthy retail metrics and
reduced uncertainty regarding tax reform
should accelerate sales tempo in the
coming months, specifically in the outer-
ring submarkets.
Vacancy
Rate
Y-O-Y
BasisPoint
Change
SubmarketAsking
Rent
Y-O-Y%
Change
Austin County 1.6% -960 $12.00 35.3%
Northeast 4.4% 30 $17.49 6.4%
Inner Loop 4.6% 100 $26.18 10.1%
West 5.0% 30 $20.93 1.8%
East 5.5% 70 $13.96 6.3%
Northwest 5.7% 30 $18.66 9.5%
Southeast 5.7% -20 $14.34 1.8%
Southwest 6.2% 20 $15.04 -2.5%
CBD 6.3% 240 $24.27 25.3%
South 6.3% 60 $15.98 -2.3%
North 6.7% 140 $13.64 -14.8%
Overall Metro 5.7% 40 $17.20 1.6%
Submarket Trends
Lowest Vacancy Rates 1Q18
Sales Trends
INDIANAPOLIS METRO AREA
• Multi-Tenant: As investor demand for multi-tenant assets stayed strong, the average
price per square foot climbed 6 percent to $207. This rise led to the average cap rate
dropping 30 basis points to 8.1 percent.
• Single-Tenant: Limited listings slowed sales tempo by approximately 30 percent in the
past 12 months. During the same period, the average cap rate compressed by 10
basis points to 6.8 percent.
* Trailing 12 months through 1Q18 over previous time period
Pricing trend sources: CoStar Group, Inc.; Real Capital Analytics
SOUTHPORT SHOPPES
* Forecast **2017-2022
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INDIANAPOLIS METRO AREA
SOUTHPORT SHOPPES
• Fed raises benchmark interest rate, plans additional increases. The Federal Reserve
increased the federal funds rate by 25 basis points in late March, raising the overnight lending
rate to 1.5 percent. While the Fed noted the inflation outlook moderated recently, an upgraded
economic forecast including tax cuts and a regulation rollback strengthened growth
projections through 2020. As a result, the Fed has guided toward at least two more rate hikes
this year, while setting the stage for up to four increases in 2019.
• Lending costs rise alongside Fed rate increase. As the Federal Reserve lifts interest rates,
lenders will face a rising cost of capital, which may lead to higher lending rates for investors.
However, greater competition for loan demand has prompted some lenders to absorb some
cost increases. While higher borrowing costs may prompt buyers to seek higher cap rates, the
positive economic outlook should boost rent growth above inflation over the coming year.
• The capital markets environment remains highly competitive. While the Federal Reserve
has committed to tightening policy, other major central banks have maintained easing policies.
The downward pressure on rates from foreign central banks is counteracting greater
economic growth and wider government deficits, keeping demand for fixed-income
investments stable. Loan pricing resides in the mid-4 percent range with maximum leverage of
70 percent. Portfolio lenders will require loan-to-value ratios closer to 65 percent with interest
rates, depending on term, in the high-3 to mid-4 percent range. The passage of tax reform and
rising fiscal stimulus will keep the U.S. economy growing strongly this year, while limited new
construction and steady absorption will contain office vacancy near 14 percent.
* Through May 1st
Sources: CoStar Group, Inc.; Real Capital Analytics
Capital Markets
PROPERTY NAME
MARKETING TEAM
SOUTHPORT SHOPPES
DEMOGRAPHICS
Source: © 2017 Experian
Created on October 2018
POPULATION 1 Miles 3 Miles 5 Miles
▪ 2022 Projection
Total Population 10,347 48,098 153,675
▪ 2017 Estimate
Total Population 8,215 43,023 145,447
▪ 2010 Census
Total Population 7,985 41,619 140,161
▪ 2000 Census
Total Population 3,221 32,363 122,027
▪ Current Daytime Population
2017 Estimate 5,746 34,839 134,359
HOUSEHOLDS 1 Miles 3 Miles 5 Miles
▪ 2022 Projection
Total Households 4,206 19,267 59,784
▪ 2017 Estimate
Total Households 3,238 16,991 55,877
Average (Mean) Household Size 2.64 2.53 2.55
▪ 2010 Census
Total Households 3,159 16,477 53,970
▪ 2000 Census
Total Households 1,194 12,373 47,869
▪ Occupied Units
2022 Projection 4,206 19,267 59,784
2017 Estimate 3,357 17,487 58,790
HOUSEHOLDS BY INCOME 1 Miles 3 Miles 5 Miles
▪ 2017 Estimate
$150,000 or More 5.92% 6.06% 4.75%
$100,000 - $149,000 17.30% 15.43% 12.44%
$75,000 - $99,999 18.95% 16.32% 12.89%
$50,000 - $74,999 21.36% 22.40% 20.53%
$35,000 - $49,999 15.44% 15.38% 16.11%
Under $35,000 21.06% 24.42% 33.28%
Average Household Income $75,259 $73,142 $64,383
Median Household Income $64,309 $60,645 $50,641
Per Capita Income $29,663 $28,898 $24,922
HOUSEHOLDS BY EXPENDITURE 1 Miles 3 Miles 5 MilesTotal Average Household Retail Expenditure
$73,503 $70,289 $62,180
▪ Consumer Expenditure Top 10 Categories
Housing $19,755 $18,508 $16,383
Transportation $13,709 $12,998 $11,458
Shelter $11,539 $10,622 $9,421
Personal Insurance and Pensions $8,028 $7,114 $5,894
Food $7,988 $7,528 $6,731
Health Care $4,889 $5,162 $4,465
Utilities $3,998 $3,920 $3,536
Entertainment $3,352 $3,140 $2,752
Household Furnishings and Equipment
$2,117 $2,001 $1,721
Apparel $1,967 $1,774 $1,557
POPULATION PROFILE 1 Miles 3 Miles 5 Miles
▪ Population By Age
2017 Estimate Total Population 8,215 43,023 145,447
Under 20 31.96% 26.74% 28.17%
20 to 34 Years 25.52% 20.86% 22.11%
35 to 39 Years 8.31% 6.70% 6.38%
40 to 49 Years 12.22% 12.09% 12.12%
50 to 64 Years 14.22% 19.91% 18.44%
Age 65+ 7.77% 13.69% 12.76%
Median Age 31.11 36.74 34.79
▪ Population 25+ by Education Level
2017 Estimate Population Age 25+ 5,082 29,021 94,160
Elementary (0-8) 2.08% 2.49% 3.46%
Some High School (9-11) 5.65% 5.48% 8.86%
High School Graduate (12) 28.72% 31.12% 33.59%
Some College (13-15) 21.71% 21.48% 20.57%
Associate Degree Only 8.78% 7.21% 6.87%
Bachelors Degree Only 22.94% 22.08% 17.65%
Graduate Degree 9.59% 9.43% 7.47%
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Income
In 2017, the median household income for your selected geography is
$50,641, compare this to the US average which is currently $56,286.
The median household income for your area has changed by 9.81%
since 2000. It is estimated that the median household income in your
area will be $57,554 five years from now, which represents a change
of 13.65% from the current year.
The current year per capita income in your area is $24,922, compare
this to the US average, which is $30,982. The current year average
household income in your area is $64,383, compare this to the US
average which is $81,217.
Population
In 2017, the population in your selected geography is 145,447. The
population has changed by 19.19% since 2000. It is estimated that
the population in your area will be 153,675.00 five years from now,
which represents a change of 5.66% from the current year. The
current population is 48.94% male and 51.06% female. The median
age of the population in your area is 34.79, compare this to the US
average which is 37.83. The population density in your area is
1,849.28 people per square mile.
Households
There are currently 55,877 households in your selected geography.
The number of households has changed by 16.73% since 2000. It is
estimated that the number of households in your area will be 59,784
five years from now, which represents a change of 6.99% from the
current year. The average household size in your area is 2.55 persons.
Employment
In 2017, there are 47,885 employees in your selected area, this is also
known as the daytime population. The 2000 Census revealed that
60.44% of employees are employed in white-collar occupations in
this geography, and 39.55% are employed in blue-collar occupations.
In 2017, unemployment in this area is 4.01%. In 2000, the average
time traveled to work was 26.00 minutes.
Race and Ethnicity
The current year racial makeup of your selected area is as follows:
84.60% White, 3.88% Black, 0.04% Native American and 5.17%
Asian/Pacific Islander. Compare these to US averages which are:
70.42% White, 12.85% Black, 0.19% Native American and 5.53%
Asian/Pacific Islander. People of Hispanic origin are counted
independently of race.
People of Hispanic origin make up 6.81% of the current year
population in your selected area. Compare this to the US average of
17.88%.
PROPERTY NAME
MARKETING TEAM
SOUTHPORT SHOPPES
Housing
The median housing value in your area was $129,513 in 2017,
compare this to the US average of $193,953. In 2000, there were
33,080 owner occupied housing units in your area and there were
14,790 renter occupied housing units in your area. The median rent at
the time was $490.
Source: © 2017 Experian
DEMOGRAPHICS
27
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SOUTHPORT SHOPPES
DEMOGRAPHICS
28
www.MarcusMillichap.com
Joseph DiSalvo
First Vice President Investments
Indianapolis Office
Tel: (317) 218-5334
Fax: (317) 218-5310
License: IN RB14051407
Forest Bender
Senior Associate
Indianapolis Office
Tel: (317) 218-5346
Fax: (317) 218-5310
License: IN RB14049223
P R E S E N T E D B Y
29