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

SOLD – 7 Brew – Shelbyville, IN

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.