2490 N Morton St - Fast Food FOR SALE


Franklin, IN 46131
$3,000,000 USD
760-448-2449
2490 N Morton St, Franklin, IN for Sale
$3,000,000 USD
Fast Food - FOR SALE
1/14
null | 4% Cap Rate

2490 N Morton St
Franklin, IN 46131


HIGHLIGHTS

  • New 15-year corporate-backed Chick-fil-A ground lease | Absolute NNN | Industry-leading QSR brand – Over $10 billion in annual revenue
  • Strategic Location – Near Franklin High School (1,600 Students) & Franklin College (1,000 Students) | Next Generation Double Stack Drive-Thru Concept
  • Premier A+ signalized hard corner | Best corner within trade Area | Shadow-anchored by new Meijer Grocery Center & Lowe’s anchored Franklin Commons
  • Rapidly growing South Indianapolis Corridor | Housing demand and rapid job growth fueled by new industrial & technology investment
  • Strong real estate fundamentals | Concept lending demographics | Franklin is located 24 miles south of downtown Indianapolis

OVERVIEW

Lee & Associates is pleased to exclusively offer for sale a brand new Chick-fil-A ground lease located in Franklin, Indiana, within the rapidly expanding south Indianapolis corridor. The property consists of a newly constructed 5,512 square foot standalone quick-service restaurant situated on approximately 1.54 acres at the signalized hard corner intersection of N Morton Street and Commerce Drive. The site features Chick-fil-A’s next-generation double-stack drive-thru prototype with 61 parking spaces and a 345 square foot outdoor patio. Strategically positioned adjacent to a Meijer-anchored retail center and surrounded by national retailers including Walmart Supercenter, Lowe’s, Kroger, Kohl’s, Starbucks, Chipotle, Freddy’s, and McAlister’s Deli, the property benefits from exceptional visibility and strong consumer traffic exceeding 34,500 vehicles per day.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$544 USD /SF

CAP RATE

4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chick-fil-A

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, undefined

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

61

LAND DETAILS

LAND ACRES

5.53 AC

LAND SF

240,842 SF

ZONING

MXC

APN/PARCEL ID

41-08-10-012-002.000-009

ASK ABOUT THIS PROPERTY

Ryan BennettLee & AssociatesMore Info
760-448-2449

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Ryan BennettLee & AssociatesMore Info
760-448-2449

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