505 Main St Beech Grove, IN 46107

Located in the heart of Beech Grove's historic Main Street corridor, this renovated commercial asset at 505 Main Street is secured by a Triple Net (NNN) lease with a salon tenant. The long-term lease extends through May 31, 2029, providing a stable income stream. The lease commenced at a base rate of $15 per square foot with an adjustable CAM of $5 per square foot. Annual rents escalate by three percent beginning in Year Two, with Year Two rent at $32,720, Year Three at $33,456, Year Four at $34,224, and Year Five at $35,008. The tenant is responsible for taxes, insurance, and maintenance. The building has undergone a complete transformation with modern systems, refined finishes, and an intelligent layout. Positioned along Main Street, the property has visibility to vehicular traffic and pedestrian activity generated by neighboring restaurants, cafes, boutiques, and professional services. Beech Grove combines small-town character with access to downtown Indianapolis. A revitalized Main Street and a steady influx of new businesses and residents have created a pro-business climate. The property delivers cash flow and the potential for long-term appreciation.