1663-1667 N State St - Fast Food FOR SALE


Greenfield, IN 46140
$1,239,000 USD
858-822-9811
1663-1667 N State St, Greenfield, IN for Sale
$1,239,000 USD
Fast Food - FOR SALE
1/15
null | 7% Cap Rate

1663-1667 N State St
Greenfield, IN 46140


HIGHLIGHTS

  • 100% Occupied Pad Site at Brandywine Crossing with Both Tenants on NNN Leases
  • Brandywine Crossing has +16,000 Visits in Total Foot Traffic per Week, per Placer.ai
  • Shopping Center Ranked in the 80th Percentile in Indiana for Visits Within the “Strip/Convenience” Category, per Placer.ai
  • Positioned in Greenfield’s Main Retail Corridor with Frontage Along N State St (24,435 VPD)
  • City Approved 30-Year Comprehensive New Development Plan in 2025 with +40% Projected Employment Growth Increase Over the Next 10 Years
  • Affluent Trade Area with Average HHI of +$85,100 in 5 Mile Radius in 2024

OVERVIEW

The subject property is a 100% occupied dual-tenant building that sits at the entryway of Brandywine Crossing and is shadow anchored by Bealls, Tractor Supply and Dollar Tree. Brandywine Crossing shopping center is ranked in the 80th percentile in Indiana for visits within the “Strip/Convenience” category and has +16,000 visits in total foot traffic per week, per Placer.ai. The subject property sits on a 0.94 acre lot and includes tenants Penn Station East Coast Subs and Atomic Wings. The multi-tenant property is adjacent to Kroger and Walmart Supercenter, providing strong retail synergy driving traffic. The building is positioned in Greenfield’s main retail corridor along N State St (24,435 VPD) and is less than 1 mile off I-70 (56,009 VPD), the main artery offering connectivity to Indianapolis and Columbus, OH. Brandywine Crossing sits near several hotels with 640 rooms combined in 1 mile radius. The subject property is situated within a tax increment financing (TIF) district that supports infrastructure improvements and the city of Greenfield recently approved a 30-Year Comprehensive New Development Plan in 2025 with +40% projected employment growth over the next 10 years. The site is in an affluent trade area with average HHI of +$85,100 in 5 mile radius in 2024. Watch Property Video: https://vimeo.com/1101757551/a647c74628?share=copy

FOR SALE DETAILS

PRICE

$1,239,000 USD

PRICE/SF

$354 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Penn Station Subs & Atomic Wings @ Brandywine

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

0.94 AC

LAND SF

40,946 SF

ZONING

-

APN/PARCEL ID

30-07-29-102-001.001-009

ASK ABOUT THIS PROPERTY

Ryan GomezCushman & WakefieldMore Info
858-822-9811

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Ryan GomezCushman & WakefieldMore Info
858-822-9811

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