9111 Michigan Rd - Restaurant FOR SALE


Indianapolis, IN 46268- College Park
$5,075,496 USD
317-493-1267
9111 Michigan Rd, Indianapolis, IN for Sale
$5,075,496 USD
Restaurant - FOR SALE
1/6
null | 5.95% Cap Rate

9111 Michigan Rd
Indianapolis, IN 46268
College Park


OVERVIEW

CORPORATE STORE with 9.6 years of primary lease-term remaining and Three, 5-Year Renewal Options Located on the northwest side of INDIANAPOLIS and surrounded by office, hotel, and retail developments ABSOLUTE NNN lease with no landlord responsibilities 24.4% SALES GROWTH (2022–2024); 4.24% RENT-TO-SALES Ratio Average Household Income (5 Miles): $154,593 Frontage on Michigan Rd (29K+ VPD) with 145 PARKING SPACES Located just off the I-465 interchange Surrounded by NATIONAL RETAILERS including Super Target, Costco, Walmart, Lowe’s, Chick-fil-A, Starbucks, and Aldi

FOR SALE DETAILS

PRICE

$5,075,496 USD

PRICE/SF

$536 USD /SF

CAP RATE

5.95%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Texas Roadhouse | Indianapolis, IN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

75

LAND DETAILS

LAND ACRES

1.74 AC

LAND SF

75,706 SF

ZONING

ZO01

APN/PARCEL ID

49-03-18-101-033.000-600

ASK ABOUT THIS PROPERTY

Jon BannisterVeritas RealtyMore Info
317-493-1267

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Jon BannisterVeritas RealtyMore Info
317-493-1267

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