954 E Main St - Fast Food FOR SALE


Greenwood, IN 46143- Southside Indianapolis
$1,022,400 USD
847-562-0003
954 E Main St, Greenwood, IN for Sale
$1,022,400 USD
Fast Food - FOR SALE
1/2
null | 6.25% Cap Rate

954 E Main St
Greenwood, IN 46143
Southside Indianapolis


HIGHLIGHTS

  • Positioned within the Indianapolis MSA – Ranked #33 in the United States for population size
  • Successful operating history since 1990
  • Operated by Turbo Restaurants, subsidiary of Sun Holdings, one of the largest multi-brand franchise operators in the United States
  • Absolute NNN lease – No landlord responsibilities
  • 159,000+ people live within a five-mile radius
  • Just off Interstate 65 (98,000 VPD), leading to downtown Indianapolis

OVERVIEW

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Arby’s property located in Greenwood, Indiana, within the Indianapolis MSA. The property is operated by Turbo Restaurants, a subsidiary of Sun Holdings, one of the largest multi-brand franchise operators in the United States with more than 1,800 locations across 27 states. Turbo Restaurants acquired the location from the previous franchisee in 2021, who had successfully operated the restaurant at the site since 1990. In 2016, a 15-year lease extension was executed through 2031, demonstrating long-term commitment to the property. The lease is absolute triple net presenting no landlord responsibilities. Additionally, there are 6.5% rental escalations throughout the extended term and four 5-year renewal options. The next scheduled increase occurs in December 2026. The 3,074 square-foot building is positioned near the signalized intersection of East Main Street and Emerson Avenue, which sees a combined traffic count of 45,000 vehicles per day. The property is also located just one-half mile west of Interstate 65, a major corridor with 98,000 vehicles per day providing direct access to downtown Indianapolis. Arby’s benefits from its proximity to nationally recognized retailers including Sam’s Club, Camping World, Starbucks, McDonald’s, Circle K, and Waffle House. Additionally, the trade area receives a significant daytime population boost from the extensive industrial presence east of I-65, with major employers such as Amazon, FedEx, Milwaukee Tools, Würth, Dayton Freight, Amcor, Nestlé, Toyota, and Bimbo Bakeries. More than 159,000 residents live within a five-mile radius, with average household incomes exceeding $109,000. Arby’s is an American fast-food restaurant chain founded in 1964 by brothers Forrest and Leroy Raffel in Boardman, Ohio, as an alternative to hamburger-focused competitors, specializing in roast beef sandwiches. The name “Arby’s” derives from the initials “R.B.” for Raffel Brothers. Now part of Inspire Brands—a multi-brand restaurant company owned by Roark Capital Group and headquartered in Atlanta, Georgia—Arby’s operates more than 3,600 locations worldwide, emphasizing its “We Have the Meats” slogan and a menu featuring high-quality proteins, deli-style options, and drive-thru convenience.

FOR SALE DETAILS

PRICE

$1,022,400 USD

PRICE/SF

$333 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Arby's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

55

LAND DETAILS

LAND ACRES

0.72 AC

LAND SF

31,363 SF

ZONING

-

APN/PARCEL ID

41-02-33-014-021.000-026

ASK ABOUT THIS PROPERTY

Randy BlanksteinThe Boulder GroupMore Info
847-562-0003

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

Randy BlanksteinThe Boulder GroupMore Info
847-562-0003

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