Listing Agency: Marcus & Millichap - Chicago Downtown n***@marcusmillichap.com Show Phone

Listed By: Nicholas Kanich · License #IL 476.147401

Source: Crexi

Added: Apr 12 Changed: Aug 8 Last Checked: Aug 8 at 7:11AM

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Investment Insights

Based on property information with market context.

The property at 2401 South Western Avenue, Marion, Indiana, is a 2,500-square-foot building constructed in 2021. It is a new NOLA Prototype Popeyes featuring a double drive-thru wrapping the East side of the building. Popeyes has recently executed a long-term absolute net lease for the property. The property is located along South Western Avenue, a retail corridor with neighboring tenants including Burger King, Culver’s, Sherwin-Williams, Steak ‘n Shake, Arby’s, Walgreens, and Aldi. The property is approximately 60 miles northeast of downtown Indianapolis.

Key Highlights

• Brand new 2021 Popeyes with long‑term absolute net lease
• Absolute net lease: zero landlord responsibilities
• Features a new NOLA Prototype design with a double drive‑thru

Property Analytics

Property Profile

Current Use

Popeye's Louisiana chicken Restaurant Popeyes Louisiana Kitchen Restaurant

Suggested Use

Top Pick Real Estate Agency Law Firm Big Box & Wholesale Store Storage Facility Parking Lot & Garage Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

237

Businesses Nearby

288k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 31% Shops & Services 24% Groceries 23% Apparel 22%

Meijer Groceries

65,962 visits/mo 0.4 miles

McDonald's Dining

30,014 visits/mo 0.5 miles

T.J. Maxx Apparel

29,314 visits/mo 0.2 miles

Kohl's Apparel

24,362 visits/mo 0.2 miles

Texas Roadhouse Dining

23,921 visits/mo 0.2 miles

Demographics for 46953, IN

22,781

Population

10,095

Households

2.3

Avg Household Size

37

Median Age

16%

College-Educated

84%

High-School Grad

85.6 sq mi

ZIP Area

266

Density / Sq Mi

$46,224

Median Household Income

$25,969

Median Earnings

$800

Median Rent

$88,400

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Frequently Asked Questions

What type of property is this?

Drive through restaurant - New construction Popeyes with double drive-thru on Western Avenue.

Where is this drive through restaurant located?

The property is located at 2401 S Western Ave Marion, IN.

What are key features of this property?

This property features: Brand new 2021 Popeyes with long‑term absolute net lease; Absolute net lease: zero landlord responsibilities; Features a new NOLA Prototype design with a double drive‑thru