Marcus & Millichap Inc. has announced the sale of a three-suite retail property in Avon, Indiana. The fully occupied, 8,158-square-foot center, located at 9769 E. U.S. Highway 36, attracted multiple competing offers and ultimately closed in an all-cash transaction to an out-of-state institutional buyer. Tenants at the property include Smoothie King, Xfinity, and Wild Eggs, which recently signed a new 10-year lease. The retail center was built in 2012, remodeled in 2019, and is shadow anchored by ALDI, Academy Sports + Outdoors, and Dollar Tree. The sale was brokered by Marcus & Millichap's Chicago Oak Brook office in collaboration with their Indiana broker of record.
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