Freestanding Grocery
For Sale
Contact for pricing
Pending
501 National Road W, Richmond, IN 47374
Single-tenant grocery property with an absolute NNN lease, corporate backing, and scheduled rent increases.
Property SizeContact for details
Days on Market42
Property Features for 501 National Road W
General Information
Standard status
Pending
Property subtype
Retail
Site & Location
Traffic Count
16,100 vehicles/day
Road Access
Yes
Building Details
Tenancy
Single
Listing Agency:
SRS Real Estate Partners Newport Beach
(480) 221-4221
Listed By:
Chris Tramontano · License #CA 01344898
Source:
Crexi
Added: Jul 21
Changed: Aug 29
Last Checked: Aug 30 at 11:11PM
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 SRS Real Estate Partners Newport Beach
Investment Insights
Based on property information with market context.
This freestanding grocery property is occupied by Marsh Supermarket under a corporate-guaranteed, absolute NNN lease. Fee simple ownership includes the land and building, while the lease provides 10 years of remaining term and 7% increases every 5 years. Four additional 5-year option periods also include 7% increases at their commencement. A store remodel is planned, and the property includes an on-site ATM, with potential identified for pharmacy and liquor additions.
The property occupies the signalized intersection of National Road W. and SW 5th St. in Richmond, Indiana. National Road W. carries 16,100 vehicles per day and provides access along a major east-west route through Richmond. The site is adjacent to Earlham College and serves a trade area with more than 46,000 permanent residents, average household income above $53,400, and more than 31,100 daytime employees within 5 miles. The store is identified as the only major grocer within a 1-mile radius.
The property occupies the signalized intersection of National Road W. and SW 5th St. in Richmond, Indiana. National Road W. carries 16,100 vehicles per day and provides access along a major east-west route through Richmond. The site is adjacent to Earlham College and serves a trade area with more than 46,000 permanent residents, average household income above $53,400, and more than 31,100 daytime employees within 5 miles. The store is identified as the only major grocer within a 1-mile radius.
Key Highlights
- Absolute NNN lease with fee simple ownership and zero landlord responsibilities
- Corporate‑guaranteed lease has 10 years remaining
- 7% rent increases every 5 years, plus 4 additional 5‑year option periods with 7% increases
Property Analytics
Property Profile
Current Use
Lease Details
16,100 VPD
Traffic count
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
251
Businesses Nearby
51k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 62%
Dining 38%
Speedway
Shops & Services
22,710 visits/mo
0.1 miles
Arby's
Dining
9,872 visits/mo
0.3 miles
Dollar General
Shops & Services
8,135 visits/mo
0.3 miles
Parlor Doughnuts
Dining
4,092 visits/mo
0.1 miles
Mancino's Pizza & Grinders
Dining
3,326 visits/mo
0.3 miles
Demographics for 47374, IN
45,304
Population
21,553
Households
2.1
Avg Household Size
41
Median Age
22%
College-Educated
88%
High-School Grad
119.8 sq mi
ZIP Area
378
Density / Sq Mi
$52,566
Median Household Income
$34,168
Median Earnings
$816
Median Rent
$121,800
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Richmond Community Schools Food Service Department — 101 SW D St, Richmond, IN 47374
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Single-tenant grocery property with an absolute NNN lease, corporate backing, and scheduled rent increases.
Where is this grocery and convenience store located?
The property is located at 501 National Road W Richmond, IN.
What are key features of this property?
This property features: Absolute NNN lease with fee simple ownership and zero landlord responsibilities; Corporate‑guaranteed lease has 10 years remaining; 7% rent increases every 5 years, plus 4 additional 5‑year option periods with 7% increases
