1521 James Ave Bedford, IN 47421-3577

Property Details for 1521 James Ave

Year built

1986

Construction

WOOD

Lot size

1.43 lot acres

Property size

6,882 SF

Property type

Turn key restaurants

APN

47-06-16-400-057.000-010

APU

470616400057000010

Description

This exceptional investment opportunity presents a 6,882 square foot Golden Corral restaurant in Bedford, Indiana, situated on a 1.43-acre lot. Boasting a brand new 20-year absolute triple-net (NNN) lease with 10% rent bumps every five years and three five-year options, this property offers significant long-term stability and growth potential. The property enjoys a prime location along State Road 37, a major thoroughfare with high visibility and traffic counts exceeding 36,000 vehicles per day at the nearest intersection. Its strategic placement within the Bloomington Metropolitan Area, a thriving hub with over 160,000 residents and home to Indiana University Bloomington, ensures consistent customer traffic. The surrounding area features a robust mix of national retailers, including Lowe's, Big Lots, and Walmart. The property's strong performance is reflected in its $416,000 net operating income (NOI) and a 7.00% cap rate. Built in 1986, this 100% occupied property offers a secure investment with a national tenant, Golden Corral, a leading family-style buffet chain with over 350 locations. The tenant's long-standing commitment, evidenced by their nearly two-decade partnership, further underscores the investment's reliability. This is a rare opportunity to acquire a high-performing, long-term net lease investment in a desirable location. The asking price is $5,942,857.

Location Insight

City

Bedford

County

Lawrence

State

Indiana

Longitude

-86.5198

Latitude

38.8617

CBSA code

13260

CBSA name

BEDFORD, IN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments