1521 James Ave Bedford, IN 47421-3577
Property profile & analytics
1521 James Ave, Bedford, IN 47421-3577
- Turn key restaurants
- 6,882 SF
- 1.43 lot acres
Property ID
US31-1624673
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Turn key restaurants
Property Details for 1521 James Ave
- Year built
- 1986
- Construction
- WOOD
- Lot size
- 1.43 lot acres
- 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.
Value Estimations
based on Realmo’s proprietary methodology
-
Alternative Use
- Use
- Estimation
- RESTAURANT
- $640,000 Current use
- AUTO REPAIR, GARAGE
- $635,000 Change: -1% Conversion: Difficult
- MEDICAL BUILDING
- $595,000 Change: -7% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $570,000 Change: -11% Conversion: Difficult
- RETAIL STORES
- $545,000 Change: -15% Conversion: Easy
- INDUSTRIAL (GENERAL)
- $525,000 Change: -18% Conversion: Difficult
- WAREHOUSE, STORAGE
- $510,000 Change: -20% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- 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
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$28,845
$334,600
$626,900
$961,500
-
$334,600
$626,900
$961,500
