5607 W 38th St - Retail FOR SALE


Indianapolis, IN 46254- Eagledale
$2,691,000 USD
818-632-0233
5607 W 38th St, Indianapolis, IN for Sale
$2,691,000 USD
Retail - FOR SALE
1/12
null | 5.5% Cap Rate

5607 W 38th St
Indianapolis, IN 46254
Eagledale


HIGHLIGHTS

  • New Construction | Corporate Guarantee | 15-Year NNN | 10% Scheduled Rent Increases
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Proximity to the ~$1B Planned Redevelopment of the Lafayette Square Mall High Traffic Area | Significant Frontage & Visibility
  • Proximity to Indianapolis Motor Speedway
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Dutch Bros Coffee investment property located in Indianapolis, Indiana. The tenant, Dutch Bros, recently signed a brand new, 15-year lease with 3 (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 with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$2,691,000 USD

PRICE/SF

$2,833 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dutch Bros | New 15yr Corp | 78,400 VPD

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Fast Food, Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

42

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

C4

APN/PARCEL ID

49-05-24-101-020.000-901

ASK ABOUT THIS PROPERTY

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818-632-0233

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Aron ClineSRS National Net LeaseMore Info
818-632-0233

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