NNN Bank Property with
New
For Sale
$2,444,000
10220 E Washington Street, Indianapolis, IN 46229
The lease includes 15 years remaining and four five-year extension options.
Property Size4,185 SF
Days on Market4
Property Features for 10220 E Washington Street
General Information
Standard status
Active
Size
4,185 SF
Property subtype
Retail
Zoning
C4
Site & Location
Neighborhood
East Warren
Drive-Thru
Yes
Building Details
Building Size
4,185 SF
Year Built
2026
Listing Agency:
SRS Industrial - Newport Beach
Listed By:
Matthew Mousavi · License #CA 01732226
(714) 404-8849
Source:
Srsre
Added: Oct 20
Changed: Oct 21
Last Checked: Oct 23 at 3:17AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SRS Industrial - Newport Beach
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Investment Insights
Based on property information with market context.
This NNN property in Indianapolis is occupied by Bank of America, National Association, and includes a drive-through. The building was constructed in 2026 and is zoned C4. The lease has 15 years remaining in its initial term, followed by four five-year extension options.
Rent increases by 10% every five years during the initial term and at the start of each extension period. The NNN structure assigns minimal responsibilities to the landlord. The property is located at 10220 E. Washington Street in Indianapolis, Indiana.
Rent increases by 10% every five years during the initial term and at the start of each extension period. The NNN structure assigns minimal responsibilities to the landlord. The property is located at 10220 E. Washington Street in Indianapolis, Indiana.
Key Highlights
- Bank of America, National Association is the tenant under an NNN lease
- 15 years remain in the initial lease term, with 4 (5‑year) extension options
- 10% rental increases every 5 years during the initial term and at the start of each option period
Property Analytics
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Location Intelligence
Trade Area within ½ mile
910
Businesses Nearby
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Business Placement
Demographics for 46229, IN
29,252
Population
12,046
Households
2.4
Avg Household Size
35
Median Age
26%
College-Educated
92%
High-School Grad
11.3 sq mi
ZIP Area
2,589
Density / Sq Mi
$62,982
Median Household Income
$40,407
Median Earnings
$1,020
Median Rent
$170,100
Median Home Value
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Market
Vacancy Rate% for Retail in Indianapolis, IN
Frequently Asked Questions
What type of property is this?
NNN property - The lease includes 15 years remaining and four five-year extension options.
Where is this nnn property located?
The property is located at 10220 E Washington Street Indianapolis, IN.
What is the asking price?
The asking price for this property is $2,444,000.
What are key features of this property?
This property features: Bank of America, National Association is the tenant under an NNN lease; 15 years remain in the initial lease term, with 4 (5‑year) extension options; 10% rental increases every 5 years during the initial term and at the start of each option period
