Papa John's NNN Ground
For Sale
Contact for pricing
1630 E Southport Rd, Indianapolis, IN 46227
Long-term restaurant tenancy includes a five-year renewal option beyond the current extended term.
Property SizeContact for details
Days on Market145
Property Features for 1630 E Southport Rd
General Information
Standard status
Active
Property subtype
Retail
Building Details
Year Built
1967
Listing Agency:
Marcus & Millichap - Indianapolis
(317) 218-5329
Listed By:
Nathan Whalen · License #IN AB21402364
Source:
Crexi
Added: Apr 10
Changed: Aug 31
Last Checked: Aug 30 at 7:48AM
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 NNN ground lease supports a Papa John’s restaurant at 1630 E Southport Rd in Indianapolis. The restaurant building dates to 1967 and was initially developed for the Burger Chef chain before later becoming a Papa John’s location.
The current extended lease period began December 1, 2019, and runs through November 30, 2029. The agreement includes one five-year option period that would extend the occupancy through December 2034 if exercised. The property combines an established restaurant use with a documented history of successive lease extensions.
The current extended lease period began December 1, 2019, and runs through November 30, 2029. The agreement includes one five-year option period that would extend the occupancy through December 2034 if exercised. The property combines an established restaurant use with a documented history of successive lease extensions.
Key Highlights
- Papa John’s restaurant tenant at 1630 E Southport Rd, Indianapolis, IN 46227
- NNN ground lease extended through November 30, 2029
- One five‑year option period could extend the term through December 2034
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
378
Businesses Nearby
Explore this area
Business Placement
Demographics for 46227, IN
62,126
Population
26,411
Households
2.4
Avg Household Size
33
Median Age
21%
College-Educated
83%
High-School Grad
16.7 sq mi
ZIP Area
3,720
Density / Sq Mi
$50,993
Median Household Income
$35,591
Median Earnings
$994
Median Rent
$192,600
Median Home Value
Market
Vacancy Rate% for Retail in Indianapolis, IN
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Long-term restaurant tenancy includes a five-year renewal option beyond the current extended term.
Where is this nnn property located?
The property is located at 1630 E Southport Rd Indianapolis, IN.
What are key features of this property?
This property features: Papa John’s restaurant tenant at 1630 E Southport Rd, Indianapolis, IN 46227; NNN ground lease extended through November 30, 2029; One five‑year option period could extend the term through December 2034
