Property summary
This exceptional investment opportunity presents a fee-simple ownership (land and building) of a brand-new, 2,100 square foot Dunkin' located in Indianapolis, Indiana. Built in 2024, this absolute NNN property boasts a 15-year lease with five 5-year renewal options, featuring 1.5% annual rent bumps, ensuring consistent income growth. The property enjoys 100% occupancy and generates a strong NOI of $128,000, resulting in a 5.75% cap rate. Situated on a 0.62-acre lot with 16 parking spaces, this drive-thru equipped Dunkin' benefits from its prime location at a hard corner intersection of Southport Road and Franklin Road, experiencing high daily traffic volume. The property is an outparcel to a Kroger-anchored center, surrounded by other national retailers including Taco Bell, McDonald's, Meijer, Chick-fil-A, Target, and Menards, ensuring high visibility and customer traffic. The surrounding area is densely populated with affluent residents, boasting average household incomes exceeding $100,000 within a 5-mile radius. The property is zoned C-4: Community Regional Commercial District and has an asking price of $2,226,000. This is a management-free investment opportunity with a strong tenant (franchisee) and a proven track record of success. The property's strategic location, coupled with the long-term lease and built-in rent increases, makes it an ideal addition to any investment portfolio.
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Zoning
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