718 N Us-31 - Fast Food FOR SALE


Greenwood, IN 46142- Southside Indianapolis
$2,836,364 USD
408-510-9057
718 N Us-31, Greenwood, IN for Sale
$2,836,364 USD
Fast Food - FOR SALE
1/2
null | 5.5% Cap Rate

718 N Us-31
Greenwood, IN 46142
Southside Indianapolis


HIGHLIGHTS

  • Dual-Tenant NNN Subway and Biggby Coffee Configuration
  • Brand-New 2026 Remodel
  • 15-Year Passive Income Stream
  • Additional Parking Lot Income w/ Massive Upside (Inquire w/ Agent for Details)
  • Extremely Busy Greenwood Retail Corridor
  • Dense Retail and Residential Node

OVERVIEW

We are pleased to present a dual-tenant NNN retail investment featuring Subway and Biggby Coffee, strategically positioned along the high-traffic U. S. 31 corridor within the Indianapolis MSA. The property was remodeled in 2026 to create a modern, complementary food and beverage configuration totaling ±2,709 SF on ±1.12 acres. Both tenants operate under new 15-year NNN leases commencing at close of escrow, offering zero landlord responsibilities and scheduled 10% rent increases every five years. The asset also includes a leased parking lot generating $36,000 annually, providing additional income and future redevelopment potential upon lease expiration in 2034. With a price of $2,836,364, NOI of $156,000, and a 5.50% cap rate, the property delivers stable, diversified income backed by high-net-worth personal guarantees from both tenants.

FOR SALE DETAILS

PRICE

$2,836,364 USD

PRICE/SF

$945 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Subway & Biggby Coffee | Dual-Tenant NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

65

LAND DETAILS

LAND ACRES

1.12 AC

LAND SF

48,787 SF

ZONING

C

APN/PARCEL ID

41-02-30-041-056.000-026

ASK ABOUT THIS PROPERTY

Tyler BindiMarcus & MillichapMore Info
408-510-9057

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Tyler BindiMarcus & MillichapMore Info
408-510-9057

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