Absolute NNN Retail
For Sale
Contact for pricing
5090 W 38th Street, Indianapolis, IN 46254
Red Lobster is offered as an absolute NNN investment with over 16 years remaining on the lease.
Property Size7,548 SF
Days on Market121
Property Features for 5090 W 38th Street
General Information
Standard status
Active
Size
7,548 SF
Property subtype
Retail
Additional Details
Highway Access
Yes
Listing Agency:
The Kase Group
(925) 348-1844
Listed By:
Robert Walker · License #CA 01954360
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 23 at 7:24AM
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 The Kase Group
Investment Insights
Based on property information with market context.
The property is a Red Lobster restaurant totaling 7,548 square feet and is being offered on an absolute NNN basis. The corporate-backed lease has over 16 years remaining and includes 2% annual increases throughout the term.
The restaurant is located just off Interstate 65 in a major retail trade area with nearby shopping centers including Lafayette Shoppes Shopping Center, Town Center Shopping Center, Lafayette Place Shopping Center, and Georgetown Plaza. National retailers in the area include Planet Fitness, McDonald’s, Meijer, and Family Dollar.
As an NNN asset with long-term lease duration and scheduled annual increases, the property is positioned for buyers seeking a retail restaurant investment with corporate-backed tenancy.
The restaurant is located just off Interstate 65 in a major retail trade area with nearby shopping centers including Lafayette Shoppes Shopping Center, Town Center Shopping Center, Lafayette Place Shopping Center, and Georgetown Plaza. National retailers in the area include Planet Fitness, McDonald’s, Meijer, and Family Dollar.
As an NNN asset with long-term lease duration and scheduled annual increases, the property is positioned for buyers seeking a retail restaurant investment with corporate-backed tenancy.
Key Highlights
- 7,548 SF Red Lobster in Indianapolis, IN
- Absolute NNN lease with over 16 years remaining
- Lease includes 2% annual increases throughout the term
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
792
Businesses Nearby
Explore this area
Business Placement
Demographics for 46254, IN
40,162
Population
17,955
Households
2.2
Avg Household Size
33
Median Age
32%
College-Educated
89%
High-School Grad
12.6 sq mi
ZIP Area
3,187
Density / Sq Mi
$57,825
Median Household Income
$36,883
Median Earnings
$1,021
Median Rent
$175,700
Median Home Value
Market
Vacancy Rate% for Retail in Indianapolis, IN
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Frequently Asked Questions
What type of property is this?
Retail space - Red Lobster is offered as an absolute NNN investment with over 16 years remaining on the lease.
Where is this retail space located?
The property is located at 5090 W 38th Street Indianapolis, IN.
What are key features of this property?
This property features: 7,548 SF Red Lobster in Indianapolis, IN; Absolute NNN lease with over 16 years remaining; Lease includes 2% annual increases throughout the term
