Corporate-Backed Drive-Thru Restaurant Ground
For Sale
$3,000,000
2490 N Morton St, Franklin, IN 46131
New 15-year corporate-backed Chick-fil-A ground lease with absolute NNN structure and a double-stack drive-thru concept.
Property Size5,512 SF
Days on Market107
Property Features for 2490 N Morton St
General Information
Standard status
Active
Size
5,512 SF
Property subtype
Retail
Additional Details
Road Access
Yes
Building Details
Building Size
5,512 SF
Year Built
1999
Tenancy
Single
Listing Agency:
Lee & Associates San Diego - Carlsbad
(760) 519-0240
Listed By:
Ryan Bennett · License #CalDRE #01826517
(760) 519-0240
Source:
Lee-associates
Added: May 14
Changed: Aug 26
Last Checked: Aug 26 at 7:16AM
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 Lee & Associates San Diego - Carlsbad
Investment Insights
Based on property information with market context.
This offering features a new 15-year corporate-backed Chick-fil-A ground lease structured as absolute NNN. The property is designed for a next-generation double stack drive-thru concept, creating a QSR-ready format for operations.
The site is an A+ signalized hard corner near Franklin High School (1,600 students) and Franklin College (1,000 students). The location is shadow-anchored by the newly developed Meijer Grocery Center and Lowe’s-anchored Franklin Commons, supporting consistent retail and daily needs demand. Nearby, the corridor continues to expand with new industrial and technology investment, and the property is listed as less than 1 mile from a new 288-unit class “A” resort-style luxury apartment project. Franklin is approximately 24 miles south of downtown Indianapolis.
The site is an A+ signalized hard corner near Franklin High School (1,600 students) and Franklin College (1,000 students). The location is shadow-anchored by the newly developed Meijer Grocery Center and Lowe’s-anchored Franklin Commons, supporting consistent retail and daily needs demand. Nearby, the corridor continues to expand with new industrial and technology investment, and the property is listed as less than 1 mile from a new 288-unit class “A” resort-style luxury apartment project. Franklin is approximately 24 miles south of downtown Indianapolis.
Key Highlights
- New 15‑year corporate‑backed Chick‑fil‑A ground lease
- Absolute NNN lease structure
- Next generation double‑stack drive‑thru concept
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
267
Businesses Nearby
1k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Enterprise Rent-A-Car
Shops & Services
1,039 visits/mo
0.4 miles
Demographics for 46131, IN
32,869
Population
13,151
Households
2.5
Avg Household Size
38
Median Age
25%
College-Educated
92%
High-School Grad
126.0 sq mi
ZIP Area
261
Density / Sq Mi
$81,914
Median Household Income
$44,797
Median Earnings
$1,114
Median Rent
$227,800
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - New 15-year corporate-backed Chick-fil-A ground lease with absolute NNN structure and a double-stack drive-thru concept.
Where is this drive through restaurant located?
The property is located at 2490 N Morton St Franklin, IN.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: New 15‑year corporate‑backed Chick‑fil‑A ground lease; Absolute NNN lease structure; Next generation double‑stack drive‑thru concept
