505 Main St Beech Grove, IN 46107
Meticulously renovated commercial property with long-term NNN lease.
Lot size:
0.13 AcresProperty Features for 505 Main St
General Information
- Lot size
- 0.13 Acres
Source:
Moodyscre
Listing Agent: Annie Scott
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Renovated Commercial Asset on Main
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Jordan II David ...
Dentist
Kanter Toni
Dentist
Location Insight
- Map
- Local Demand
- City
- Beech Grove
- County
- Marion
- State
- Indiana
- Longitude
- -86.0876987
- Latitude
- 39.7215426
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FAQs
What type of property is this?
Retail space - Meticulously renovated commercial property with long-term NNN lease.
Where is this retail space located?
The property is located at 505 Main St Beech Grove, IN.
What is the asking price?
The asking price for this property is $314,000.
What are key features of this property?
This property features: - Secure NNN lease with an exemplary salon tenant provides stable, predictable income through May 31, 2029.; - Meticulously renovated by a highly regarded general contractor, ensuring longevity, functionality, and aesthetic appeal.; - Prime location on Beech Grove's historic Main Street with high visibility and robust pedestrian traffic.