4360 National Rd E - Fast Food FOR SALE


Richmond, IN 47374
$2,363,000 USD
925-390-8518
4360 National Rd E, Richmond, IN for Sale
$2,363,000 USD
Fast Food - FOR SALE
1/8
null | 5.5% Cap Rate

4360 National Rd E
Richmond, IN 47374


HIGHLIGHTS

  • Rare Corporate 15 Year Lease Extension
  • Zero Landlord Obligations
  • 7 Figure Remodel Approved
  • 40 Year Operating History
  • High Reported Sales
  • Located along Dense Retail Corridor - 18,262 VPD

OVERVIEW

The Kase Group is pleased to present the opportunity to acquire a Burger King location in Richmond, Indiana featuring a brand new 15 year absolute NNN lease. The lease calls for zero landlord obligations and is corporately guaranteed by Burger King with 10% increases every 5 years and three, 5-year options for renewal. This top performing location benefits from its positioning along a dense retail corridor with exposure to 18,262 vehicles along E Main Street and nearby Highway 70, which carries over 39,000 vehicles per day. The site sits adjacent to a 392,572 square feet mall anchored by Dillard’s and Dunham Sports and also nearby a Walmart Supercenter. Surrounding tenants include Subway, Goodwill Store, Applebee’s Grill + Bar, Hobby Lobby, Buffalo Wild Wings, Olive Garden Italian, Chili’s Grill & Bar, Kohl’s, Starbucks, Planet Fitness, Menards, Big Lots, Kroger & more. In Association with Scott Reid & ParaSell, Inc. | A Licensed Indiana Broker #RC51900187

FOR SALE DETAILS

PRICE

$2,363,000 USD

PRICE/SF

$727 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

New 15 Year Absolute NNN Lease Burger King

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.81 AC

LAND SF

35,284 SF

ZONING

ZO01

APN/PARCEL ID

89-16-35-340-105.000-030

ASK ABOUT THIS PROPERTY

Jason DenhamThe Kase GroupMore Info
925-390-8518

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Jason DenhamThe Kase GroupMore Info
925-390-8518

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