Dual-Tenant Drive-Through Retail
718 US 31 S Greenwood, IN 46142
718 US 31 S, Greenwood, IN, 46142
$2,836,364
For Sale
$2,836,364
NNN retail asset with Subway and Biggby Coffee, plus a leased parking lot, recently remodeled for modern food-and-beverage use.
Property Size2,709 SF
Lot Size1.12 Acres
Price / SF$1,047
Days on Market69
Property Features for 718 US 31 S
General Information
- Standard status
- Active
- Size
- 2,709 SF
- Lot size
- 1.12 Acres
- Property subtype
- Restaurant
Listing Agency
Marcus & Millichap | Indianapolis
(310) 909-2394
Listed by
Jason Fefer · License #License(s): CA: 02100489
(310) 909-2394
Source
Marcusmillichap
Added: May 14 Updated: Jul 20 at 6:01 pm Checked: Jul 20 at 6:01 pm
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 Marcus & Millichap | Indianapolis
Investment Insights
Based on property information with market context.
Marcus & Millichap presents a dual-tenant NNN retail investment featuring Subway and Biggby Coffee. The property was remodeled in 2026 to support a modern, complementary food-and-beverage configuration totaling ±2,709 SF.
Both tenants operate under new 15-year NNN leases commencing at closing, with scheduled 10% rent increases every five years and zero landlord responsibilities. The asset is positioned along the high-traffic U.S. 31 corridor within the Indianapolis MSA.
A leased parking lot is included to provide additional annual income, with the parking lease expiring in 2034. The offering is supported by tenant personal guarantees and is structured to deliver stable, diversified NNN income.
Both tenants operate under new 15-year NNN leases commencing at closing, with scheduled 10% rent increases every five years and zero landlord responsibilities. The asset is positioned along the high-traffic U.S. 31 corridor within the Indianapolis MSA.
A leased parking lot is included to provide additional annual income, with the parking lease expiring in 2034. The offering is supported by tenant personal guarantees and is structured to deliver stable, diversified NNN income.
Key Highlights
- Dual‑tenant NNN retail investment with Subway and Biggby Coffee on the high‑traffic U.S. 31 corridor in the Indianapolis MSA
- Remodeled in 2026 for a modern food‑and‑beverage configuration totaling 2,709 SF on 1.12 acres
- Both tenants are on new 15‑year NNN leases starting at close of escrow with zero landlord responsibilities
Property Analytics
Location Intelligence
Current Use by Public Records
Drive through restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Drive through restaurant - NNN retail asset with Subway and Biggby Coffee, plus a leased parking lot, recently remodeled for modern food-and-beverage use.
Where is this drive through restaurant located?
The property is located at 718 US 31 S Greenwood, IN.
What is the asking price?
The asking price for this property is $2,836,364.
What are key features of this property?
This property features: Dual‑tenant NNN retail investment with Subway and Biggby Coffee on the high‑traffic U.S. 31 corridor in the Indianapolis MSA; Remodeled in 2026 for a modern food‑and‑beverage configuration totaling 2,709 SF on 1.12 acres; Both tenants are on new 15‑year NNN leases starting at close of escrow with zero landlord responsibilities
