Single-Tenant NNN Retail
For Sale
Contact for pricing
Pending
1752 Shadeland Ave, Indianapolis, IN 46219
Single-tenant Red Lobster retail asset leased on an absolute NNN basis with a lease term through June 2035.
Days on Market111
Property Features for 1752 Shadeland Ave
General Information
Standard status
Pending
Property subtype
Retail
Listing Agency:
Colliers - Dallas, Texas
(972) 759-7814
Listed By:
Geoff Ficke · License #TX 0593051
Source:
Crexi
Added: Apr 11
Changed: Jul 22
Last Checked: Jul 28 at 4:26PM
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 Colliers - Dallas, Texas
Investment Insights
Based on property information with market context.
The property is a single-tenant Red Lobster retail asset on an approximately 1.58-acre parcel. It is leased under an absolute NNN structure described as having zero landlord responsibilities, with 2% annual rent increases. The current long-term lease commenced in September 2017 and is scheduled to expire in June 2035.
The asset is located on Shadeland Avenue in East Indianapolis, within the 465 loop, in a prominent retail corridor. Nearby national retailers along Shadeland Avenue include Circle K, Starbucks, Burger King, McDonald’s, Kroger, and Caliber Collision, among others, within a stated 1-mile radius.
The offering provides an investor the opportunity to acquire an NNN retail property occupied by Red Lobster under a long-term lease with scheduled expirations through 2035.
The asset is located on Shadeland Avenue in East Indianapolis, within the 465 loop, in a prominent retail corridor. Nearby national retailers along Shadeland Avenue include Circle K, Starbucks, Burger King, McDonald’s, Kroger, and Caliber Collision, among others, within a stated 1-mile radius.
The offering provides an investor the opportunity to acquire an NNN retail property occupied by Red Lobster under a long-term lease with scheduled expirations through 2035.
Key Highlights
- ±7,552 SF single‑tenant Red Lobster retail asset on an approx. 1.58‑acre parcel at 1752 Shadeland Avenue in Indianapolis
- Long‑term lease with Red Lobster Intermediate Holdings LLC commenced September 2017 and expires June 2035
- Absolute NNN lease with zero landlord responsibilities
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
486
Businesses Nearby
Explore this area
Business Placement
Demographics for 46219, IN
36,556
Population
17,028
Households
2.1
Avg Household Size
38
Median Age
26%
College-Educated
86%
High-School Grad
13.0 sq mi
ZIP Area
2,812
Density / Sq Mi
$57,811
Median Household Income
$38,995
Median Earnings
$991
Median Rent
$177,000
Median Home Value
Market
Vacancy Rate% for Retail in Indianapolis, IN
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Frequently Asked Questions
What type of property is this?
Retail space - Single-tenant Red Lobster retail asset leased on an absolute NNN basis with a lease term through June 2035.
Where is this retail space located?
The property is located at 1752 Shadeland Ave Indianapolis, IN.
What are key features of this property?
This property features: ±7,552 SF single‑tenant Red Lobster retail asset on an approx. 1.58‑acre parcel at 1752 Shadeland Avenue in Indianapolis; Long‑term lease with Red Lobster Intermediate Holdings LLC commenced September 2017 and expires June 2035; Absolute NNN lease with zero landlord responsibilities
