1405 N Shadeland Ave - Restaurant FOR SALE


Indianapolis, IN 46219- East Gate
$5,828,000 USD
317-218-5316
1405 N Shadeland Ave, Indianapolis, IN for Sale
$5,828,000 USD
Restaurant - FOR SALE
1/3
null | 5.75% Cap Rate

1405 N Shadeland Ave
Indianapolis, IN 46219
East Gate


HIGHLIGHTS

  • Very Rare Fee-Simple Ownership: Land & Building Ownership Allows for Depreciation Tax Benefits
  • Long-Term NNN Lease: Base Lease Term of 15 Years with Three, Five-Year Options to Renew & Zero Landlord Responsibilities
  • Attractive Rental Increases: 10% Rental Increases Every Five Years & in Option Periods
  • Corporate Guarantee: Brand-New Lease with Texas Roadhouse, Inc. (NASDAQ: TXRH)

OVERVIEW

Marcus & Millichap is pleased to present the opportunity to acquire a rare, fee-simple ownership (land + building) Texas Roadhouse with a brand-new, 15-year, absolute NNN lease located in Indianapolis, Indiana and 25+ years of occupancy history at the subject site. The Property is subject to a brand-new, 15-year, absolute NNN lease with zero landlord responsibilities. The lease calls for substantial rental increases every five years throughout the base term and at each of the three, five-year option periods. The lease is guaranteed by Texas Roadhouse Corporate (NASDAQ: TXRH), which operates +/-800 locates across multiple restaurant concepts and had a market value of +/-$13B as of Q3 2024.

FOR SALE DETAILS

PRICE

$5,828,000 USD

PRICE/SF

$883 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Texas Roadhouse

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.45 AC

LAND SF

106,722 SF

ZONING

-

APN/PARCEL ID

49-07-36-118-025.000-700

ASK ABOUT THIS PROPERTY

Jordan KlinkMarcus & MillichapMore Info
317-218-5316

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Jordan KlinkMarcus & MillichapMore Info
317-218-5316

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