NNN Retail Property with Three
For Sale
Contact for pricing
1302 N Main St, Indianapolis, IN 46224
Fully leased commercial building with restaurant, wine, spirits, and design uses under long-term triple-net leases.
Property SizeContact for details
Days on Market142
Property Features for 1302 N Main St
General Information
Standard status
Active
Property subtype
Retail
Occupancy
100%
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Indianapolis
(317) 218-5329
Listed By:
Nathan Whalen · License #IN AB21402364
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 30 at 1:41AM
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 Marcus & Millichap - Indianapolis
Investment Insights
Based on property information with market context.
This newly delivered commercial building contains 8,600+ square feet and is fully occupied by B. Erin Designs LLC, Le Peep, and Vine & Table. The tenant mix includes a design business, a breakfast, brunch, and lunch restaurant, and a retailer focused on wines, spirits, and craft beer. Each occupant executed a new ten-year lease beginning May 1, 2023, with more than nine and a half years remaining at the time represented. Lease structures are triple net, assigning each tenant its pro rata share of common area maintenance, real estate taxes, insurance, and a partial administrative fee reimbursement.
Contractual rent increases are scheduled during the base terms: B. Erin Designs has increases in years three and seven, while Le Peep and Vine & Table have increases in year six. The homeowners association manages common area maintenance, and the property fronts Main Street near the Indianapolis Motor Speedway. The surrounding corridor includes racing-industry headquarters, restaurants, retail businesses, and new apartment development.
Contractual rent increases are scheduled during the base terms: B. Erin Designs has increases in years three and seven, while Le Peep and Vine & Table have increases in year six. The homeowners association manages common area maintenance, and the property fronts Main Street near the Indianapolis Motor Speedway. The surrounding corridor includes racing-industry headquarters, restaurants, retail businesses, and new apartment development.
Key Highlights
- 8,600+ square foot newly delivered building
- 100 percent occupied by B. Erin Designs LLC, Le Peep, and Vine & Table
- Three new ten‑year leases commenced May 1, 2023
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
192
Businesses Nearby
Explore this area
Business Placement
Demographics for 46224, IN
38,822
Population
16,912
Households
2.3
Avg Household Size
32
Median Age
24%
College-Educated
83%
High-School Grad
7.2 sq mi
ZIP Area
5,392
Density / Sq Mi
$53,731
Median Household Income
$35,726
Median Earnings
$1,048
Median Rent
$166,500
Median Home Value
Market
Vacancy Rate% for Retail in Indianapolis, IN
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Frequently Asked Questions
What type of property is this?
NNN property - Fully leased commercial building with restaurant, wine, spirits, and design uses under long-term triple-net leases.
Where is this nnn property located?
The property is located at 1302 N Main St Indianapolis, IN.
What are key features of this property?
This property features: 8,600+ square foot newly delivered building; 100 percent occupied by B. Erin Designs LLC, Le Peep, and Vine & Table; Three new ten‑year leases commenced May 1, 2023
