2080 N Shadeland Ave - Service Station FOR SALE


Indianapolis, IN 46219- East Gate
$3,553,000 USD
704-697-1900
2080 N Shadeland Ave, Indianapolis, IN for Sale
$3,553,000 USD
Service Station - FOR SALE
1/17
null | 6.5% Cap Rate

2080 N Shadeland Ave
Indianapolis, IN 46219
East Gate


OVERVIEW

Atlantic Capital Partners has been exclusively engaged in soliciting offers for the sale of this Circle K located in Indianapolis, IN. The 4,127 SF asset sits atop 1.435 acres and is positioned at the signalized intersection of North Shadeland Avenue and East 21st Street, which sees a combined 55,000 vehicles per day. The asset sits just off of Exit 89 of I-70 which sees over 145,000 vehicles per day and is located approximately 8 miles east of Indianapolis. Located at 2080 Shadeland Avenue, Circle K has been operating at this location for over twenty years. The initial 20-year lease was signed in June 2004 and rent commenced in December 2004. Circle K has recently exercised their first of four, five-year renewal options, providing term through November 2029. Circle K is currently paying $230,935 and features 10% rent increases at the start of each option. This Abs NNN lease allows for a completely passive investment for an absentee owner.

FOR SALE DETAILS

PRICE

$3,553,000 USD

PRICE/SF

$830 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Circle K

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.75 AC

LAND SF

32,670 SF

ZONING

N/A

APN/PARCEL ID

49-07-35-120-004.000-700

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
704-697-1900

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David HoppeAtlantic Capital PartnersMore Info
704-697-1900

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