8616 US 31 - Retail FOR SALE


Southport, IN 46227
$4,076,000 USD
760-448-2449
8616 US 31, Southport, IN for Sale
$4,076,000 USD
Retail - FOR SALE
1/13
null | 5.25% Cap Rate

8616 US 31
Southport, IN 46227


HIGHLIGHTS

  • Corporate Lease Guaranty from Panera Bread – $6.1 Billion in Annual Revenue (2025) – Over 2,000 Locations
  • New 2025 Built-to-Suit Construction – Relocation Site for Panera Drive-Thru Facility – Neighboring Tenants Include Shake Shack, T-Mobile, and Cava
  • Panera Flagship South Indianapolis Location – Within Fountain Creek Shopping Center – Strong Traffic Exposure and Regional Connectivity along U.S. 31
  • Established Retail and Medical Trade Area – Dense Surrounding Population and Substantial Consumer Spending
  • Trade Area Includes Greenwood Park Mall (100+ Retailers), Walmart, Kroger, Target, Costco, and Numerous Other National Tenants

OVERVIEW

Lee & Associates is pleased to exclusively offer for sale the fee simple interest (land and building) in a newly constructed Panera Bread located at 8616 U.S. 31 South in Indianapolis, Indiana. The property consists of a 3,875-square-foot, 2025 build-to-suit restaurant with a drive-thru situated on approximately 1.10 acres within the Shops at Fountain Creek. Panera operates under a new 15-year corporate lease with approximately 14.6 years remaining, 10% rental increases every five years, and three additional five-year renewal options.

FOR SALE DETAILS

PRICE

$4,076,000 USD

PRICE/SF

$1,199 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Panera Bread

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Fast Food, Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

45

LAND DETAILS

LAND ACRES

1.1 AC

LAND SF

47,916 SF

ZONING

ZO01

APN/PARCEL ID

49-15-19-119-001.000-500

ASK ABOUT THIS PROPERTY

Ryan BennettLee & AssociatesMore Info
760-448-2449

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Ryan BennettLee & AssociatesMore Info
760-448-2449

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