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1405 N Shadeland Ave
Indianapolis, IN 46219

$6,382,971 USD

Restaurant For Sale  •  6,600 SF

Property Details

  • Property Type Restaurant
  • Total Building Size 7,342 SF
  • Lot Size 1.63 AC
  • Building Class C
  • Year Built 1998
  • Cap Rate 5.25 %
  • Tenancy Single
40 Transit Score
59 Walk Score

Highlights

Land & Building Ownership Allows for Depreciation Tax Benefits
Base Lease Term of 15 Years with Three, Five-Year Options to Renew & Zero Landlord Responsibilities
10% Rental Increases Every Five Years & in Option Periods
5-Mile Population of +/-230,000 and 5-Mile Consumer Spending Approximately $2.2 Billion
Brand-New Lease with Texas Roadhouse, Inc. (NASDAQ: TXRH)
Cap Rate: 5.25 %

Public Transportation

Commuter RailDriveWalkDistance
Indianapolis (Cardinal - Amtrak) 14 min - 8.0 mi
AirportDriveWalkDistance
Indianapolis International 37 min - 22.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Jordan Klink 317-218-5316 Marcus & Millichap
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