5607 W 38Th St Indianapolis, IN 46254

The property is an absolute NNN leased Dutch Bros Coffee investment property in Indianapolis, Indiana. The tenant, Dutch Bros, recently signed a 15-year lease with 3 (5-year) options to extend. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period. The lease is absolute NNN with zero landlord responsibilities. The Dutch Bros is located less than a mile from the intersection of Interstate 465 and 38th Street which combine to average more than 219,900 vehicles passing by daily. Additionally, the asset is less than 2 mile from Interstate 65, which sees over 63,100 VPD. The subject property is located approximately 1 mile from The Village at Eagle Creek, a Target and VASA Fitness anchored center with other national/credit tenants including Taco Bell, IHOP, Chili’s, Burger King, and more. The property is in the center of a primary retail corridor with other nearby national/credit tenants including Meijer, The Home Depot, LA Fitness, Planet Fitness, Alamo Drafthouse, McDonald’s, White Castle, Jack in the Box and more. The 5-mile trade area is supported by a population of over 224,000 residents and 76,100 employees with an average household income of $82,596. The property size is 950 square feet.