This property has sold.
Details: Retail
Asking Price: $2,098,217
Square Feet: 510 SF
Asking Cap Rate: 6.00%
Year Built: 2023
NOI: $125,893
Lease Structure: Absolute NNN
3710 S East St, Indianapolis, IN 46227
•Absolute triple net lease (Zero Landlord Responsibilities)
•Brand New, 15-Year, Lease (2023 construction) with 5 (5-year) options to extend
•Annual rent escalations, providing Inflation Protection
•Lease guaranteed by 7Ventures, Inc. which is a subsidiary of KMAC (one of the Largest Restaurant Operators in the country with over 320+ units). There are more than 40 KMAC Seven Brew locations under development or open throughout the county, with an expectation to Grow To 200+ Locations.
•Excellent Trade Area adjacent to Aldi, AutoZone, Kroger, Ross, Harbor Freight and more
•Centrally Located to several neighborhoods and multifamily developments
•2022 Population
•1 Mile – 10,908
•3 Mile – 75,364
•Located on outparcel to Shoppers World anchored shopping center
•South East Street has strong traffic counts with almost 45,000 VPD
•Average HHI in trade area projected to grow 23% over the next 5 years
This property has sold.