3704 W Washington St - Fast Food FOR SALE


Indianapolis, IN 46241- Near Westside Indianapolis
$823,000 USD
303-884-6659
3704 W Washington St, Indianapolis, IN for Sale
$823,000 USD
Fast Food - FOR SALE
1/8
null | 6% Cap Rate

3704 W Washington St
Indianapolis, IN 46241
Near Westside Indianapolis


HIGHLIGHTS

  • Corporate Guaranteed | Options To Extend | Scheduled Increases | Drive-Thru Equipped
  • NNN | Fee Simple Ownership | Limited Landlord Responsibilities
  • Near Lucas Oil Stadium & Indy Motor Speedway | I-74 (147,700 VPD) Indianapolis International Airport | National/Credit Tenants
  • Strong Demographics In 5-Mile Trade Area | Indiana University | W. Washington St (23,000 VPD) | Excellent Visibility & Access

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$823,000 USD

PRICE/SF

$367 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

KFC

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

0.8 AC

LAND SF

34,848 SF

ZONING

C-1

APN/PARCEL ID

49-11-08-141-007.000-930,49-11-08-141-047.000-930

ASK ABOUT THIS PROPERTY

Steven RobertsSRS Real Estate PartnersMore Info
303-884-6659

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Steven RobertsSRS Real Estate PartnersMore Info
303-884-6659

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