1471 S Green St - Convenience Store FOR SALE


Brownsburg, IN 46112
$1,400,000 USD
317-218-5316
1471 S Green St, Brownsburg, IN for Sale
$1,400,000 USD
Convenience Store - FOR SALE
1/4
null | 7.46% Cap Rate

1471 S Green St
Brownsburg, IN 46112


HIGHLIGHTS

  • Prime location near Brownsburg and Avon—both fast-growing, affluent suburbs
  • Surrounding growth with residential neighborhoods, new commercial, and senior housing developments.
  • Affluent area in an Indianapolis suburb with avg. household income of ~$140K
  • Tenant has 15-year base lease with one 5-year renewal option remaining.

OVERVIEW

The Klink Group of Marcus & Millichap is pleased to present for sale the Village Pantry gas station and convenience store located in Brownsburg, Indiana, an affluent and growing Indianapolis suburb. Built in 2002, the +/-4,500 service station sits on 1.70 acres at the roundabout corner of S Green Street and Airport Road, which experiences +/-25,000 vehicles-per-day. The Property is currently leased to Village Pantry, LLC, which is owned by GPM Investments, LLC, a wholly-owned subsidiary of ARKO Corp. GPM Investments, LLC is the 6th largest convenience store chain in the country with approximately 3,200 locations comprised of approximately 1,400 company-operated stores, approximately 121 proprietary cardlock locations, and approximately 1,660 dealer sites to which they supply fuel. Village Pantry originally opened at this location in 2003 with a 15- year base lease term and they have since exercised 2 of their 3, five- year renewal option periods, showing strong commitment to the site. The current lease structure minimizes any landlord responsibilities to the roof & structure only as the tenant is responsible for all CAM, Property Taxes, Insurance and Parking Lot. The offering is the perfect investment opportunity for an investor seeking strong current cash flow and a high-quality real estate location in a high growth area seeing strong residential, commercial & school expansion nearby.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$311 USD /SF

CAP RATE

7.46%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

1.69 AC

LAND SF

73,616 SF

ZONING

C-1

APN/PARCEL ID

32-07-14-325-001.000-016

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.