9769 E US 36 - Fast Food FOR SALE


Avon, IN 46123
$4,100,000 USD
630-570-2260
9769 E US 36, Avon, IN for Sale
$4,100,000 USD
Fast Food - FOR SALE
1/8
null | 6.8% Cap Rate

9769 E US 36
Avon, IN 46123


HIGHLIGHTS

  • 100 Percent Occupied Center Featuring Attractive Lease Structures | New 10-Year Wild Egg Lease
  • Well-Maintained Property | Remodeled in 2019 | Features Two Outdoor Patios and a Drive-thru
  • Shadow-Anchored by an ALDI, Academy Sports + Outdoors, and Dollar Tree Center and Across from a Walmart Supercenter
  • Signalized Intersection | 44,268 Vehicles Per Day on Route 36 and 5,464 Vehicles per Day on Gable Drive
  • Area Experienced a 23 Percent Growth from 2010-2020 and is Anticipated to Grow Another 2.98 Percent by 2029 Within Three Miles of the Property

OVERVIEW

This 100 percent occupied, shadow anchored retail center features net leases with limited landlord responsibilities and attractive rent escalations. Wild Eggs recently signed a new 10-year lease. Remodeled in 2019, the property is well-maintained and features two outdoor patios and a drive-thru. The property is located at a signalized intersection with 200 feet of frontage along Rockville Road, which sees over 44,000 vehicles per day. It benefits from excellent visibility and accessibility with two points of ingress/egress. Situated in a vibrant retail corridor, it is shadow-anchored by an ALDI, Academy Sports + Outdoors and Dollar Tree center and across from a Walmart Supercenter. Other nearby retailers include Starbucks, Target, Hobby Lobby, Ulta and more. The area is experiencing strong development activity and has seen significant population growth, fueled by its proximity to Indianapolis International Airport and major highway interchanges.

FOR SALE DETAILS

PRICE

$4,100,000 USD

PRICE/SF

$491 USD /SF

CAP RATE

6.8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Gables of Avon Three-Tenant Strip Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2012

SPRINKLERS

-

PARKING SPACES

66

LAND DETAILS

LAND ACRES

1.49 AC

LAND SF

64,904 SF

ZONING

GB

APN/PARCEL ID

32-09-07-226-009.000-031

ASK ABOUT THIS PROPERTY

Sean SharkoSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2260

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Sean SharkoSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2260

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