1630 E Southport Rd - Fast Food FOR SALE
Indianapolis, IN 46227 |
1630 E Southport Rd
Indianapolis, IN 46227
HIGHLIGHTS
- Subject property is a District HQ restaurant for Papa John's Pizza
- Ground Lease recently renewed for 10 years - Tenant has been there since 1997
- Tenant has invested significantly in TI work in the last five years, demonstration commitment to subject property
- Excellent location on thoroughfare Southport Rd. among dense residential neighborhood - 3 mile population 91,994
- Corporate Guaranteed Lease (NASDAQ: PZZA) - Full 2020 Revenue: Up 12% over 2019; Comparable Sales up 17.6% in North America and 12.6% Internationally
- Papa John's gained 8 million new customers in the US during the pandemic
FOR SALE DETAILS
PRICE
-
CAP RATE
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% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Corporate Papa John's Pizza
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
TOTAL BUILDING SIZE
3066
STORIES
1
YEAR BUILT
1975
SPRINKLERS
-
PARKING SPACES
40
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
49-15-07-154-006.000-500
