2747 E 62nd St - Restaurant FOR SALE


Indianapolis, IN 46220
$3,950,000 USD
866-889-0550
2747 E 62nd St, Indianapolis, IN for Sale
$3,950,000 USD
Restaurant - FOR SALE
1/4
null | 6.43% Cap Rate

2747 E 62nd St
Indianapolis, IN 46220


HIGHLIGHTS

  • Passive Investment Opportunity – ±4.25 years remaining on an initial 15 year ABS NNN lease with Buffalo Wild Wings (Operator: World Wide Wings LLC)
  • ABS NNN Lease with Zero Landlord Responsibilities – Tenant is responsible for maintaining roof, structure, and parking lot.
  • Developmental Growth – Massive new construction apartment complex across the street with 267 units, built in 2021.
  • Rare Annual Rental Increases – 1.65% rental increases annually.
  • Home to Butler University – Close proximity to Butler University, 5,000+ students, $1B+ Regional Economic Impact, #1 Regional Midwest University.
  • Growing Indianapolis Market – Indianapolis is the 16th most populated city in the United States. Ranked 4th City in U.S. for emerging hotspots in CRE.

OVERVIEW

National Tenant – Started in 1982, Buffalo Wild Wings has since grown to 1,300+ locations, 9 global markets, and is the LARGEST sports bar brand in the United States. Nearby National Tenants (Excellent retail corridor) – This property is located on Cross Roads E 62nd St (±19,404 VPD) and N Keystone Ave (±28,088 VPD), a prime retail thoroughfare in Indianapolis MSA. National Credit Tenants nearby include Target, Lowe’s, Chick-fil-a, Taco Bell, Panera, KFC, Culver’s, Walgreens, etc. Incredible Surrounding Area – ±8 Miles from Downtown Indianapolis, Glendale Town Center outparcel, nearby Butler University, Glendale 12 Theatre. Affluent Area in Indianapolis – Average household incomes north of $109,000 in a 1-mile radius and an average household incomes north of $116,000 in a 3-mile radius. Seasoned Operator – World Wide Wings, based in Vancouver, WA now has 60+ locations nationally in Indiana, Florida, Washington, California, Oregon, and Illinois. This demonstrates a proven track record for the distinguished brand, while boosting confidence for potential investors. Broker of Record Kyle Matthews License No. RC52200195 (IN) Broker of Record Kyle Matthews License No. RC52200195 (IN) (866) 889-0550 Matthews Real Estate Investment Services, Inc 1600 West End, Ste. 1500 Nashville, TN 37203

FOR SALE DETAILS

PRICE

$3,950,000 USD

PRICE/SF

$649 USD /SF

CAP RATE

6.43%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Buffalo Wild Wings

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2013

SPRINKLERS

-

PARKING SPACES

55

LAND DETAILS

LAND ACRES

0.82 AC

LAND SF

35,719 SF

ZONING

ZO01

APN/PARCEL ID

49-07-05-115-014.000-801

ASK ABOUT THIS PROPERTY

Dylan FreeneyMatthews Real Estate Investment ServicesMore Info
866-889-0550

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Dylan FreeneyMatthews Real Estate Investment ServicesMore Info
866-889-0550

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