Dylan Mallory Of Hanley Investment Group Represents $1.9M Sale Of Retail Property For Wellingshire Partners In Indianapolis

The property involved in the transaction is a 3,780-square-foot retail asset located at 2326 West Southport Road in Indianapolis, IN. The sale was completed at a price of $1,900,000, resulting in a price per square foot of $503. The property is leased on a 20-year corporate-guaranteed absolute triple-net basis to McDonald's as part of the Southern Dunes Commons development.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $1,900,000
• Sale Date: 02/24/2026
• Seller: Wellingshire Partners LLC & Midland Atlantic Properties
• Buyer's Representative: Dylan Mallory - Hanley Investment Group; ParaSell
• Seller's Representative: Mehdi Star - Net Lease Exchange
• Market: Indianapolis, IN
• Square Footage: 3,780
• Price Per Square Foot: $503

Dylan Mallory represented the sellers, Wellingshire Partners LLC and Midland Atlantic Properties, in this transaction, while Mehdi Star from Net Lease Exchange acted on behalf of the buyer. The project where the property is situated is approved for up to 100,000 square feet of retail, restaurant, and hotel space across nearly 19 acres.