456 E Elbert St - Restaurant FOR SALE
Indianapolis, IN 46227 |
456 E Elbert St
Indianapolis, IN 46227
HIGHLIGHTS
- Freestanding, former Bob Evans restaurant with furniture, fixtures, and equipment included in the sale.
- Excellent proximity to nationally recognized companies and retailers such as Taco Bell, Red Lobster, Steak & Shake, McDonald's, and many more.
- Strong investment opportunity in a turnkey restaurant location, formerly held by a strong corporate owner within a growing market.
- Located in a dense area where the population exceeds 200,000 within a five-mile radius, and the asset has a strong traffic count of 57,000 VPD.
- Offered unencumbered by debt and a management contract with plenty of value to be created through a new restaurant.
- Indianapolis has seen an unprecedented annual visitor activity in recent years, with upwards of ~29MM annual visitors pre-COVID.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Vacant Bob Evans
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
TOTAL BUILDING SIZE
5636
STORIES
1
YEAR BUILT
1974
SPRINKLERS
-
PARKING SPACES
85
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
49-11-36-106-021.000-500
