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Ground-Lease Restaurant with Double Drive-Thru
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9020 Rockville Rd, Indianapolis, IN 46234

Absolute NNN ground lease secured by Texas Roadhouse, featuring a double drive-thru lane and new 2022 construction.

Property SizeContact for details
Days on Market121

Property Features for 9020 Rockville Rd

General Information

Standard status Active
Property subtype Retail

Additional Details

Traffic Count 39,391 vehicles/day

Building Details

Year Built 2022
Listing Agency: Thomas English
Listed By: Thomas English · License #OH 2018004414
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 20 at 9:16PM

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 Thomas English

Investment Insights

Based on property information with market context.

This is an absolute NNN ground-lease restaurant property executed for a new 10-year term, corporate guaranteed. The tenant is Texas Roadhouse, Inc., with rental increases of 10% every five years and renewal option periods. The offering notes new 2022 construction and tenant investment in building and fixtures exceeding $2MM, along with a double drive-thru lane.

The property is located at 9020 Rockville Rd, Indianapolis, IN 46234, in the Raceway Market Centre. It is positioned at the signalized intersection of Rockville Rd (US-36) and Raceway Rd, and the center is anchored by LA Fitness and Fresh Thyme Farmers Market.

The remarks also cite prominent retail corridor presence in Avon’s main retail corridor, with nearby national retailers including Walmart Supercenter, Target, Dick’s Sporting Goods, Ulta Beauty, Meijer, Menards, Chick-fil-A, Best Buy, Costco, Starbucks, and others.

Key Highlights

  • Absolute NNN ground lease with a new 2022 tenant investment in building and fixtures over $2MM
  • Ground lease executed by Texas Roadhouse, Inc. with 10% rental increases every 5 years
  • Double drive‑thru lane

Property Analytics

Current Use

Jaggers Restaurant

Suggested Use

Top Pick Law Firm Building Supply Big Box & Wholesale Store Real Estate Agency Auto Repair Shop Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

39,391 VPD
Traffic count

Location Intelligence

Trade Area within ½ mile

310
Businesses Nearby

Demographics for 46234, IN

27,841
Population
10,929
Households
2.5
Avg Household Size
37
Median Age
37%
College-Educated
91%
High-School Grad
12.4 sq mi
ZIP Area
2,245
Density / Sq Mi
$83,137
Median Household Income
$46,060
Median Earnings
$1,524
Median Rent
$226,400
Median Home Value

Market

Vacancy Rate% for Retail in Indianapolis, IN

6.6% 2019
7.4% 2020
6.4% 2021
5% 2022
4.7% 2023
4.6% 2024
4.8% 2025
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Frequently Asked Questions

What type of property is this?
NNN property - Absolute NNN ground lease secured by Texas Roadhouse, featuring a double drive-thru lane and new 2022 construction.
Where is this nnn property located?
The property is located at 9020 Rockville Rd Indianapolis, IN.
What are key features of this property?
This property features: Absolute NNN ground lease with a new 2022 tenant investment in building and fixtures over $2MM; Ground lease executed by Texas Roadhouse, Inc. with 10% rental increases every 5 years; Double drive‑thru lane
More about this property
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