6416 W Washington St - Restaurant FOR SALE


Indianapolis, IN 46241- Chapel Hill Ben Davis
$659,000 USD
630-570-2238
6416 W Washington St, Indianapolis, IN for Sale
$659,000 USD
Restaurant - FOR SALE
1/10
null | 7.65% Cap Rate

6416 W Washington St
Indianapolis, IN 46241
Chapel Hill Ben Davis


HIGHLIGHTS

  • New 10-Year Renewal on a Net-Leased Restaurant (Jordan's Fish & Chicken)
  • Scheduled Five Percent Rental Increase on January 1, 2027,Followed by Three Percent Annual Increases Commencing July 2027
  • Features a Drive-Thru, Which Enhances Operational Flexibility and Long-Term Tenant Appeal
  • One Mile from Indianapolis International Airport, Which is the Most Visited Airport in Indiana and Attracts 12.2 Million Annual Visitors (Placer.ai)
  • 0.5 Miles from Interstate 465, Which Sees 160,941 Vehicles per Day
  • Notable Retailers in the Area Include Goodwill, Dollar General, Jimmy John’s, Arby’s, Sherwin-Williams, Hardee’s, Emporium Flea Markets & Ace Hardware

OVERVIEW

Jordan’s Fish & Chicken is a net-leased restaurant that has operated at this location since 2020 and recently executed a new 10-year lease renewal. The lease includes a five percent rent increase effective January 1, 2027, followed by annual three percent rent escalations, supporting consistent NOI growth throughout the lease term. The property is strategically located near Indianapolis International Airport and just off Interstate 465 (160,941 vehicles per day), offering excellent regional accessibility and visibility. Additionally, the site benefits from frontage along Route 40/Washington Street (31,154 vehicles per day), further enhancing exposure to daily traffic. Surrounded by national retailers, schools, and a dense hotel corridor, the property enjoys strong consumer traffic. The site also features a drive-thru, enhancing operational flexibility and long-term appeal. The immediate trade area is supported by a strong base of both residents and employees, creating consistent demand and reinforcing the property’s long-term viability as a retail investment.

FOR SALE DETAILS

PRICE

$659,000 USD

PRICE/SF

$276 USD /SF

CAP RATE

7.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Jordan's Fish & Chicken

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

C5

APN/PARCEL ID

49-12-14-111-002.000-930

ASK ABOUT THIS PROPERTY

Sean SharkoSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2238

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Sean SharkoSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2238

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