11741 Pendleton Pike - Fast Food FOR SALE


Indianapolis, IN 46236- Lawrence
$2,363,636 USD
925-390-8518
11741 Pendleton Pike, Indianapolis, IN for Sale
$2,363,636 USD
Fast Food - FOR SALE
1/5
null | 5.5% Cap Rate

11741 Pendleton Pike
Indianapolis, IN 46236
Lawrence


HIGHLIGHTS

  • Corporate-Operated Burger King with Long Operating History
  • New 15 Year Absolute NNN Lease – Zero Landlord Responsibilities
  • Recently Remodeled Building
  • Strong Reported Store Sales
  • Combined Traffic Counts Exceeding 37,000 VPD (Pendleton Pike & Oaklandon Rd)

OVERVIEW

The Kase Group is pleased to present the opportunity to acquire a recently remodeled Burger King located in Indianapolis, Indiana. The property is secured by an Absolute NNN lease with zero landlord responsibilities, recently extended for a new 15-year term. The lease features 10% rental increases every five years and includes three (3) additional five-year renewal options. Strategically positioned at the signalized intersection of Pendleton Pike (27,381 VPD) and Oaklandon Road (9,745 VPD), the property benefits from excellent visibility and accessibility. Surrounding tenants include national brands such as Dollar Tree, CVS, Advance Auto Parts, Ace Hardware, Family Dollar, Anytime Fitness, and Taco Bell, contributing to consistent daily traffic. Veterans Memorial Park, located adjacent to the property, serves as a popular local destination for families and outdoor activities. The area is supported by several educational institutions including Lawrence Central High School (2,400 students) and Fall Creek Valley Middle School (1,300 students), reinforcing daily activity and long-term consumer demand. In Association with Scott Reid & ParaSell, Inc. | A Licensed Indiana Broker #RC51900187

FOR SALE DETAILS

PRICE

$2,363,636 USD

PRICE/SF

$845 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Burger King New 15 Year Lease Extension

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

45

LAND DETAILS

LAND ACRES

0.71 AC

LAND SF

30,928 SF

ZONING

-

APN/PARCEL ID

49-01-33-132-004.000-407

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.