

This property has sold.
Details: Retail
Asking Price: $2,348,266
Square Feet: 510 SF
Asking Cap Rate: 6.00%
Year Built: 2023
NOI: $140,896
Lease Structure: Absolute NNN
2424 IN-44, Shelbyville, IN 46176
•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, Walmart, Kroger, Planet Fitness, Big Lots and more
•Centrally Located to several neighborhoods and multifamily developments
•2022 Population
•3 Mile – 19,842
•5 Mile – 24,676
•Less than 0.5 miles from I-74 with traffic counts of 38,000 VPD
•Access to signalized intersection of State Rd 44 and Lee Blvd NE
This property has sold.