3250 E Main St Richmond, IN 47374
Long-term NNN lease with annual escalations in dominant retail corridor.
Property size:
1,084 SFLot size:
0.32 AcresProperty Features for 3250 E Main St
General Information
- Size
- 1,084 SF
- Lot size
- 0.32 Acres
Source:
Moodyscre
Listing Agent: Justin Zahn
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
NNN Leased Pizza Hut Restaurant
This property features a long-term absolute NNN lease with 17 years remaining on the initial 20-year term. The lease includes attractive 1.75% annual rental escalations beginning in 2028. The property has been successfully open and operating for decades. The tenant, SFR X Holdings, LLC, is a proven operator with over 120 units and is the 11th largest Pizza Hut franchisee in the U.S. Located in a dominant retail corridor, the property benefits from outstanding visibility and convenient access along US Rte 40/E Main St, the market’s primary east-west corridor, which sees traffic counts of 19,658 cars per day. It is situated across the street from Walmart and in close proximity to Kohls, Menards, Kroger, and Richmond Mall. The property is 1,084 square feet. Demographics for 2025 project a total population of 43,687 within a 5-mile radius and an average household income of $94,232 within a 1-mile radius.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Domino's Pizza
Restaurant
Pizza Hut
Take-out & Catering
Location Insight
- Map
- Local Demand
- City
- Richmond
- County
- Wayne
- State
- Indiana
- Longitude
- -84.857222
- Latitude
- 39.831265
Nearby Similar for Sale
FAQs
What type of property is this?
Drive through restaurant - Long-term NNN lease with annual escalations in dominant retail corridor.
Where is this drive through restaurant located?
The property is located at 3250 E Main St Richmond, IN.
What is the asking price?
The asking price for this property is $1,538,000.
What are key features of this property?
This property features: - Long-term absolute NNN lease with 17 years remaining and attractive 1.75% annual rental escalations beginning in 2028.; - Proven tenant: SFR X Holdings, LLC, a 120+ unit operator and the 11th largest Pizza Hut franchisee in the U.S.; - **Dominant retail corridor location with high visibility and convenient access on US Rte 40/E Main St, with traffic counts of 19,658 CPD.**