5520 86th st - Service Station FOR SALE


Indianapolis, IN 46268
$5,033,000 USD
949-506-2009
5520 86th st, Indianapolis, IN for Sale
$5,033,000 USD
Service Station - FOR SALE
1/12
null | 4.75% Cap Rate

5520 86th st
Indianapolis, IN 46268


HIGHLIGHTS

  • New 20-Year Absolute NNN Ground Lease | 10% Every 5 Years
  • Absolute NNN Ground Lease | Leased Fee Ownership | Zero Landlord Responsibilities
  • Strategic Indianapolis Location | Dense Retail Corridor
  • Major Employment and Traffic Drivers Nearby | 840-Bed Hospital
  • Strong Demographics and Daytime Population In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN leased, Wawa investment property located in Indianapolis, Indiana. The tenant, Wawa recently signed a brand new 20 year lease with 6 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN ground lease with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor.

FOR SALE DETAILS

PRICE

$5,033,000 USD

PRICE/SF

$850 USD /SF

CAP RATE

4.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

New Wawa | 20-Yr Ground Lease | 40k VPD

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

65

LAND DETAILS

LAND ACRES

2.78 AC

LAND SF

121,307 SF

ZONING

-

APN/PARCEL ID

49-04-13-109-027.000-600

ASK ABOUT THIS PROPERTY

Calvin ShortSRS National Net LeaseMore Info
949-506-2009

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Calvin ShortSRS National Net LeaseMore Info
949-506-2009

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