1752 Shadeland Ave Indianapolis, IN 46219

Listing agency Colliers - Dallas, Texas Show Phone

Listed by Geoff Ficke · License #TX 0593051

Source Crexi

Added: Apr 11 Updated: Jul 22 at 10:56AM Checked: Jul 22 at 10:56AM

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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.

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

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FAQs

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