Current Investment Opportunities

Avalon Crossing Shopping Center

6935 Lake Plaza Drive · Indianapolis, IN · Neighborhood Center · Class B NNN

17.55%Target IRR (Yr 5)
2.15xEquity Multiple
$5.5MTotal Equity
5.0%Avg Cash-on-Cash
7.40%Going-In Cap
5 YrsTarget Hold
82,847 SFTotal NNN Area
92.6%Occupancy
18 TenantsDiversified Mix
8.3 YrsAvg Tenure
2.3%Submarket Vacancy
Investment Thesis

Why Avalon Crossing

Interested in learning more about this opportunity? A member of the ZRP team will be in touch within one business day.

Request More Information
1

Rent well below market across all space types

Blended in-place rents are 31% below market, with 38% of base rent rolling — providing a clear, actionable NOI growth path.

~30% NOI growth through Year 5
2

Acquired below replacement cost

$173/SF acquisition basis is a 17% discount to the $209/SF comp average. 2.3% submarket vacancy with no new supply in over a decade.

3

Long-tenured, necessity-based tenants

18 tenants averaging 8.3 years on-site. 71% of base rent secured by contractual options. Anchors include Starbucks, Dollar Tree, and Anytime Fitness.

First distribution to investors: Year 1
4

ZRP’s proven Indianapolis track record

Six Indiana assets, 660,000+ SF owned and operated, two successful market exits. Portfolio past 700,000 SF under management.

Completed Transactions

Recently Closed Deals

A selection of recently completed investments across our core asset classes.

ZRP Waldorf

Washington, D.C. MSA · Self-Storage

Lease-up to stabilization · Institutional-quality asset

Purpose-built self-storage facility in supply-constrained submarket. Achieved stabilized occupancy ahead of schedule.

Closed

Mercado Scottsdale

Scottsdale, AZ MSA · Neighborhood Retail

High-growth Scottsdale submarket · Value-add repositioning

Neighborhood retail center in one of the fastest-growing metros in the U.S. Active leasing and capital improvement strategy driving occupancy and rent growth.

Closed

Stony Point Village

Richmond, VA MSA · Neighborhood Retail

Value-add repositioning · Below replacement cost basis

Grocery-shadow-anchored neighborhood retail center. Lease-up and capital improvement program drove significant NOI growth.

Closed

Jacksons Courtyard

Nashville, TN MSA · Neighborhood Retail

61% discount to replacement · 55% NOI increase · 44.1% IRR · 4.20x MOIC

Undermanaged retail center acquired at significant discount. Intensive leasing and capital improvement program.

Closed

Galleria Commons

Charlotte, NC MSA · Neighborhood Retail

Pre-leased vacant space prior to closing

Acquired from a partnership in liquidation. Repositioned through aggressive leasing, fully stabilized within a short hold.

Closed

Director’s Row

Indianapolis, IN MSA · Industrial / Flex

Multi-tenant flex complex · Strong lease-up execution

Industrial flex acquisition in high-demand submarket. Active management and tenant retention strategy delivered stable cash-on-cash returns.

Closed