QSR Drive-Through Restaurant
3832 Eagle View Dr Indianapolis, IN 46254
For Sale
$1,695,000
Built in 1998, this 3,895-sf QSR building includes a drive-through and surface parking.
Property Size3,895 SF
Price / SF$435.17
Days on Market75
Property Features for 3832 Eagle View Dr
General Information
Standard status
Active
Size
3,895 SF
Property subtype
Retail - Restaurant
Building Details
Year Built
1998
Listing Agency:
Shook Commercial Real Estate
(765) 742-5096
Listed By:
Dustin Zufall
Source:
Commercialcafe
Added: May 14
Changed: Jul 23
Last Checked: Jul 26 at 8:19AM
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 Shook Commercial Real Estate
Investment Insights
Based on property information with market context.
The property is a QSR drive-through restaurant building built in 1998. The site includes ample surface parking and is configured to support vehicle access through a dedicated drive-through.
Located just off Interstate 465 and West 38th Street, the property is positioned near a high-volume exit with traffic counts exceeding 96,000 vehicles per day. The surrounding area includes national retailers such as McDonald’s, Starbucks, Cracker Barrel, Target, IHOP, Home Depot, and other branded businesses, offering strong retail draw.
The building provides excellent signage and is situated near the Indianapolis Motor Speedway, a major destination for the Indianapolis 500 and Brickyard 400.
Located just off Interstate 465 and West 38th Street, the property is positioned near a high-volume exit with traffic counts exceeding 96,000 vehicles per day. The surrounding area includes national retailers such as McDonald’s, Starbucks, Cracker Barrel, Target, IHOP, Home Depot, and other branded businesses, offering strong retail draw.
The building provides excellent signage and is situated near the Indianapolis Motor Speedway, a major destination for the Indianapolis 500 and Brickyard 400.
Key Highlights
- 3,895‑sf QSR building built in 1998 with a drive‑through
- Located just off Interstate 465 and West 38th Street
- Exit traffic counts exceed 96,000 vehicles per day
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $84.1k | $21.60 |
| − Vacancy | −$6.1k | −$1.58 |
| EGI | $78.0k | $20.02 |
| − OpEx | −$19.5k | −$5.01 |
| NOI | $58.5k | $15.02 |
3,895 SF · lease $21.60/SF/yr · vacancy 7.30% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$835.6K
$731.2K – $974.9K
NOI $58,493 @ 7.0% cap · market cap 3.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.07M
$936.7K – $1.25M
NOI $74,937 @ 7.0% cap · market cap 4.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Drive through restaurant - Built in 1998, this 3,895-sf QSR building includes a drive-through and surface parking.
Where is this drive through restaurant located?
The property is located at 3832 Eagle View Dr Indianapolis, IN.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: 3,895‑sf QSR building built in 1998 with a drive‑through; Located just off Interstate 465 and West 38th Street; Exit traffic counts exceed 96,000 vehicles per day
