720 Henderson Way - Restaurant FOR SALE


Pendleton, IN 46064
$2,271,142 USD
812-320-8483
720 Henderson Way, Pendleton, IN for Sale
$2,271,142 USD
Restaurant - FOR SALE
1/5
null | 6.3% Cap Rate

720 Henderson Way
Pendleton, IN 46064


HIGHLIGHTS

  • 9.75 Years Remaining on NN Lease | Corporate Guaranty | No Kickout Clause or Early Termination | Rental Increases Throughout Initial Term and Options
  • 10-Mile Population Grew by 47% Since 2000 | Pendleton's Population Has Grown by 24% Since 2020
  • Freestanding Starbucks (S&P: BBB+) with Drive-Through | Directly Off I-69 Exit (89,576 Combined VPD)

OVERVIEW

NOW OPEN | Brand New Class A Construction | 9.75 Years Remaining on NN Lease with Corporate Guarantee | No Early Termination or Kick Out Clause | Rent Increases Throughout Primary Term and Options Freestanding Starbucks (S&P: BBB+) with Drive-Through | Directly Off I-69 Exit (89,576 Combined VPD) Adjacent to Multiple New Developments: Wolfie’s Bar & Grill, 3 Rivers Credit Union, BP Gas Station, and Community Health Network Medical Office | Proposed Developments: 324 Multi-Family Units, Hampton Inn & Suites, Multi-Tenant Retail with Drive-Thru Endcap, Multi-Tenant Building, Three QSR Developments and 1,000+ New Home Sites Within One Mile Located in the Southeastern Quadrant of the Pendleton I-69 Interchange Master Plan, a 2,325-Acre Planned Development at the Interchange of I-69 and SR 38 | One Mile from Four Future Residential Districts and One Multi-Family Residential District Containing Over 1,100 Acres | Click Here Outparcel to Pendleton Business Park with Future Planned Expansion to 264 Acres | The SE Quadrant Contains the Current Pendleton Business Park, a Future Residential District of 217 Acres, the Health & Wellness Center – Part of the Future 178-Acre Falls Pointe Health & Wellness District, Which Will Include Medical Facilities, Sports Complexes, and a Nature Park and Trails | Click Here In 2024, the Pendleton Town Council Approved Rezoning for a New 98-Acre, 200-Home Subdivision Southeast of CR 600 and SR 38 Ten-Mile Population Grew by 47% from 2000 | Pendleton is Located Five Miles from Hamilton County | Hamilton County is the Fastest Growing County in Indiana Pendleton is an Affluent, Booming Northeastern Suburb of Indianapolis | Located Just 16 Miles from the Corporate Limits of Indianapolis | Pendleton is Part of the Growing Indianapolis MSA – the 16th Largest City in the US

FOR SALE DETAILS

PRICE

$2,271,142 USD

PRICE/SF

$987 USD /SF

CAP RATE

6.3%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks | New Construction

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,348 SF

ZONING

Commercial

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Damien YoderMarcus & MillichapMore Info
812-320-8483

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

Damien YoderMarcus & MillichapMore Info
812-320-8483

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