SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN, corporate guaranteed, drive-thru equipped KFC investment property located in Indianapolis, Indiana. KFC has over 4 years remaining on its lease with 3 (5-year) options to extend. The lease features 10% rental increases at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NNN with minimal landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor.
The asset has excellent visibility and access along W. Washington Street (23,000 VPD), a primary thoroughfare connecting the site to downtown Indianapolis 4-miles east. KFC benefits tremendously from its proximity to downtown Indianapolis with access to the 800K+ residents in the city and a direct consumer base of over 217,000 residents and 256,800 employees within the 5-mile trade area. The tenant receives significant consumer traffic from nearby on/off ramps to major highways, including Interstate 74 (147,700 VPD), and crossover retail exposure from nearby national/credit tenants such as Costco, Sam’s Club, Kroger, and Lowe’s. Furthermore, the subject property has ideal, centralized location in relation to major landmarks in the state. KFC is within 4-miles of Indiana University, one of the largest universities in the Midwest with over 48,000 students enrolled, and a 6-minute drive from the Indianapolis Motor Speedway and Lucas Oil Stadium (home of the Indianapolis Colts NFL team), two of the most notable sports venues in the Midwest receiving millions of annual visitors. Moreover, The property is equipped with a drive-thru, providing ease and convenience for customers while increasing its capacity to quickly serve consumers within the busy metropolitan area.