6411 E 82nd St - Retail FOR SALE


Indianapolis, IN 46250- Castleton
$2,142,000 USD
480-205-7637
6411 E 82nd St, Indianapolis, IN for Sale
$2,142,000 USD
Retail - FOR SALE
1/8
null | 6% Cap Rate

6411 E 82nd St
Indianapolis, IN 46250
Castleton


HIGHLIGHTS

  • Brand-new 20-year ground lease.
  • Rare rent escalations of 2% annually.
  • Lease guaranteed by growing franchisee with 70+ locations with plans to open 270 locations.
  • Located a mile from Community Hospital North which gets over 2.1 million visits annually.
  • Strategic signalized corner along 82nd St (45,000 VPD).
  • Absolute NNN Ground lease – no landlord responsibilities.

OVERVIEW

Bellagio Real Estate Partners, LLC is pleased to present the opportunity to acquire a brand-new construction single-tenant 7 Brew Coffee absolute NNN Ground Lease. The subject property is located at 6411 E. 82nd Street in Indianapolis, IN. This 510 square-foot building, situated on 0.69 acres and features a 20-year ground lease with 2% annual escalations including during the multiple lease renewal terms. The property is located on a very busy 82nd Street corridor (over 45,000 VDP along 82nd St) within the Castleton submarket of Indianapolis. It is also on the morning side of traffic, at a strategic signalized intersection just steps away from Interstate 69. There are also 9 hotels within ½ mile of the property as well as Community Hospital North, a major 361 bed hospital that sees over 2.1 million visitors a year. Just west of the subject property is Castleton Square Mall (over 560,000 SF) as well as Simon Fashion Mall (over 660,000 SF). Nearby key retailers include: Lowe’s, Best Buy, Costco, Taco Bell, Raising Canes, City Barbeque, Olive Garden, McDonald’s, Home Goods, PXG Golf and more.

FOR SALE DETAILS

PRICE

$2,142,000 USD

PRICE/SF

$4,200 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7 Brew

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

30,056 SF

ZONING

C-1

APN/PARCEL ID

49-02-22-124-006.000-400

ASK ABOUT THIS PROPERTY

Brad TeitelbaumBellagio Real Estate Partners LLCMore Info
480-205-7637

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Brad TeitelbaumBellagio Real Estate Partners LLCMore Info
480-205-7637

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