1405 N Shadeland Ave - Restaurant FOR SALE


Indianapolis, IN 46219
$6,382,971 USD
317-218-5316
1405 N Shadeland Ave, Indianapolis, IN for Sale
$6,382,971 USD
Restaurant - FOR SALE
1/3
null | 5.25% Cap Rate

1405 N Shadeland Ave
Indianapolis, IN 46219


HIGHLIGHTS

  • Land & Building Ownership Allows for Depreciation Tax Benefits
  • Base Lease Term of 15 Years with Three, Five-Year Options to Renew & Zero Landlord Responsibilities
  • 10% Rental Increases Every Five Years & in Option Periods
  • 5-Mile Population of +/-230,000 and 5-Mile Consumer Spending Approximately $2.2 Billion
  • Brand-New Lease with Texas Roadhouse, Inc. (NASDAQ: TXRH)

OVERVIEW

Marcus & Millichap is pleased to present the opportunity to acquire a rare, fee-simple ownership (land + building) Texas Roadhouse with a brand-new, 15-year, absolute NNN lease located in Indianapolis, Indiana and 25+ years of occupancy history at the subject site. The Property is subject to a brand-new, 15-year, absolute NNN lease with zero landlord responsibilities. The lease calls for substantial rental increases every five years throughout the base term and at each of the three, five-year option periods. The lease is guaranteed by Texas Roadhouse Corporate (NASDAQ: TXRH), which operates +/-800 locates across multiple restaurant concepts and had a market value of +/-$13B as of Q3 2024. The offering is the perfect investment opportunity for any passive investor looking for quality real estate located with a major metro MSA and along a major retail/traffic corridor with a long-term, corporately guaranteed tenant.

FOR SALE DETAILS

PRICE

$6,382,971 USD

PRICE/SF

$967 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Texas RoadHouse

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.63 AC

LAND SF

70,915 SF

ZONING

ZO01

APN/PARCEL ID

49-07-36-118-025.000-700

ASK ABOUT THIS PROPERTY

Jordan KlinkMarcus & MillichapMore Info
317-218-5316

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Jordan KlinkMarcus & MillichapMore Info
317-218-5316

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.