Pizza Hut
Indianapolis, IN
Key Details
| Price: | $943,857 |
|---|---|
| Cap Rate: | 7.00% |
| Annual Rent: | $66,070 |
| Address: | 4537 Shadeland Avenue, Indianapolis, Indiana 46226 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 10 Years |
|---|---|
| Lease Commencement: | 4/1/2024 |
| Lease Expiration: | 3/31/2034 |
| Lease Term Remaining: | 9.3 Years |
| Rental Increases: | 1.50% Annually |
| Lot Size: | 0.63 Acres |
| Building Size: | 4,000 SF |
| Year Built: | 1973 |
NNN Pro is pleased to present the exclusive listing for a Pizza Hut located at 4537 Shadeland Avenue, Indianapolis, Indiana 46226. The site consists of roughly 4000 rentable square feet of building space on an estimated 0.63-acre parcel of land. This Pizza Hut is subject to a 10-year Triple Net (NNN) lease, which commenced 4/1/2024. The current annual rent is $66,070 and has scheduled increases of 1.50% Annually.
About the Investment
- Dense Retail Corridor Lowe's, Home Depot, CVS, KFC, Taco Bell, McDonald's, Dunkin, Family Dollar and Many More
- Strong Demographics & Traffic Counts Over 227,000 Individuals within a Five-Mile Radius of Subject Property | Over 24,100 and 172,000 Vehicles Per Day Along Shadeland Ave and US Highway 421
- Strong Academic Presence One High School, Two Middle Schools and Two Elementary Schools Located within a Three- Mile Radius | Total Enrollment Exceeds 3,400 Students
Key Details
| Price: | $943,857 |
|---|---|
| Cap Rate: | 7.00% |
| Annual Rent: | $66,070 |
| Address: | 4537 Shadeland Avenue, Indianapolis, Indiana 46226 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 10 Years |
|---|---|
| Lease Commencement: | 4/1/2024 |
| Lease Expiration: | 3/31/2034 |
| Lease Term Remaining: | 9.3 Years |
| Rental Increases: | 1.50% Annually |
| Lot Size: | 0.63 Acres |
| Building Size: | 4,000 SF |
| Year Built: | 1973 |
Talk to the Pros
Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178
Kyle Karsian
kkarsian@nnnpro.com
License: NY: 10401321452
Patrick Finn
pfinn@nnnpro.com
License: NY: 10301222858
Broker of Record
Brian Brockman
Bang Realty, Inc
License: RB14037939
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This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.