Drive-Through Restaurant with Corporate
For Sale
Contact for pricing
8616 U.S 31 South, Indianapolis, IN 46227
The newly built restaurant operates under a long-term corporate lease with renewal options.
Property Size3,875 SF
Lot Size1.10 Acres
Price / SF$1,051
Days on Market8
Property Features for 8616 U.S 31 South
General Information
Standard status
Active
Size
3,875 SF
Lot size
1.10 Acres
Property subtype
Retail
Site & Location
Drive-Thru
Yes
Traffic Count
35,490 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2025
Listing Agency:
Lee & Associates San Diego - Carlsbad
Listed By:
Ryan Bennett · License #CA 01826517
(760) 519-0240
Source:
Crexi
Added: Sep 10
Changed: Sep 16
Last Checked: Sep 16 at 1:56PM
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 fee simple offering includes the land and building for a 3,875-square-foot, 2025 build-to-suit restaurant with drive-through service. The property occupies approximately 1.10 acres at 8616 U.S. 31 South within the Shops at Fountain Creek in Indianapolis, Indiana. Panera operates under a new 15-year corporate lease with approximately 14.6 years remaining, 10% rental increases every five years, and three additional five-year renewal options.
The site fronts U.S. 31, which carries approximately 35,490 vehicles per day, and is part of a retail setting that includes Shake Shack, T-Mobile, and CAVA. The property is approximately 10 minutes from I-65 and I-465 and approximately 22 minutes from Indianapolis International Airport. The surrounding trade area includes approximately 88,668 residents within three miles and 213,965 residents within five miles.
The site fronts U.S. 31, which carries approximately 35,490 vehicles per day, and is part of a retail setting that includes Shake Shack, T-Mobile, and CAVA. The property is approximately 10 minutes from I-65 and I-465 and approximately 22 minutes from Indianapolis International Airport. The surrounding trade area includes approximately 88,668 residents within three miles and 213,965 residents within five miles.
Key Highlights
- 3,875‑square‑foot, 2025 build‑to‑suit drive‑through restaurant
- Approximately 1.10‑acre fee simple property at 8616 U.S. 31 South
- New 15‑year corporate lease with approximately 14.6 years remaining
Property Analytics
Current Use
Lease Details
35,490 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
5,346
Businesses Nearby
Explore this area
Business Placement
Demographics for 46227, IN
62,126
Population
26,411
Households
2.4
Avg Household Size
33
Median Age
21%
College-Educated
83%
High-School Grad
16.7 sq mi
ZIP Area
3,720
Density / Sq Mi
$50,993
Median Household Income
$35,591
Median Earnings
$994
Median Rent
$192,600
Median Home Value
Market
Vacancy Rate% for Retail in Indianapolis, IN
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - The newly built restaurant operates under a long-term corporate lease with renewal options.
Where is this drive through restaurant located?
The property is located at 8616 U.S 31 South Indianapolis, IN.
What is the asking price?
The asking price for this property is $4,076,000.
What are key features of this property?
This property features: 3,875‑square‑foot, 2025 build‑to‑suit drive‑through restaurant; Approximately 1.10‑acre fee simple property at 8616 U.S. 31 South; New 15‑year corporate lease with approximately 14.6 years remaining
