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1st Floor Ste
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Retail
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2,610 SF
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$29.40 USD/SF/YR
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Formerly a KFC drive thru (25 years). QSR is located 1/4 Mile or less from the University of Indianapolis with over 5,500 main campus students and across the street from a LARGE Government Building. This will be an absolute NNN lease. Built in 1991, renovated in 2010, and currently undergoing renovation with a NEW roof, reconditioned parking lot, HVAC, Refrigeration, Electrical, plumbing and new hood allowance is negotiable. Building will undergo major clean up, power wash, interior and exterior paint, and bathroom upgrades as needed to comply with new codes and curb cut ramp for ADA entry compliance. Building will be delivered as is with current counters, or lessor and lessee can deliver shell. The location is perfect for a Regional or National QSR chain with landlord willing to deliver a vanilla shell. The lot is 40,946 square feet and is strategically positoned near the major intersection of E Hanna Ave and Madison Ave. 1/4 mile from Southgate Plaza shopping center and close proximity to I-465 & I-65 highways. Building delivery may be 10-12 months or longer depending on permits and weather. Introductory rate of $2.45 per square foot year one with a 4% annual increase. Agent is Asset Manager S & R Indy LLC. This will be a direct master lease with building ownership.
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Date available: Now
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Lease term: 20 Years
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Service type: Triple Net
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Built out as: Fast Food
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Space Type: Relet
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Randall Barondess
RE/MAX ONE
