2747 E 62nd St - Restaurant FOR SALE
Indianapolis, IN 46220 |
2747 E 62nd St
Indianapolis, IN 46220
HIGHLIGHTS
- Passive Investment Opportunity – ±3.75 years remaining on an initial 15 year ABS NNN lease with Buffalo Wild Wings (Operator: World Wide Wings LLC)
- ABS NNN Lease with Zero Landlord Responsibilities – Tenant is responsible for maintaining roof, structure, and parking lot.
- Developmental Growth – Massive new construction apartment complex across the street with 267 units, built in 2021.
- Rare Annual Rental Increases – 1.65% rental increases annually.
- Home to Butler University – Close proximity to Butler University, 5,000+ students, $1B+ Regional Economic Impact, #1 Regional Midwest University.
- Growing Indianapolis Market – Indianapolis is the 16th most populated city in the United States. Ranked 4th City in U.S. for emerging hotspots in CRE.
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Buffalo Wild Wings
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
TOTAL BUILDING SIZE
6085
STORIES
1
YEAR BUILT
2013
SPRINKLERS
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PARKING SPACES
55
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
49-07-05-115-014.000-801
