3250 E Main St Richmond, IN 47374
Property profile & analytics
3250 E Main St, Richmond, IN 47374
- Turn key restaurants
- 1,107 SF
- 0.32 lot acres
Property ID
US31-1322161
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
- Domino's Pizza / Restaurant / Take-out & Catering
- Pizza Hut / Take-out & Catering
Property Details for 3250 E Main St
- Year built
- 2012
- Lot size
- 0.32 lot acres
- Zone code
- ZO01
- Property type
- Turn key restaurants
- APN
- 89-16-34-430-116.000-030
- APU
- 891634430116000030
Description
This exceptional investment opportunity presents a fee-simple ownership of a thriving Pizza Hut restaurant located at 3250 E Main St, Richmond, IN 47374. Built in 2012, this 1,084 square foot restaurant sits on a 0.32-acre lot and boasts a strong 11+ year operating history. The property is currently operating under a 20-year Absolute NNN lease, commencing February 22, 2022, and expiring February 28, 2042, leaving 17.3 years remaining. The lease includes annual rent bumps of 1.75% starting in year seven, and six, five-year renewal options. The tenant is a top Pizza Hut franchise operator with over 120 units, providing exceptional financial stability. The property has a 6.00% cap rate and a Net Operating Income (NOI) of $100,000, with a sale price of $1,666,667 ($1,537.52/sq ft). The property benefits from its location in a main retail corridor, demonstrating consistent year-over-year growth. This is a rare opportunity to acquire a well-established, nationally recognized brand with a long-term lease and significant upside potential. The property's 100% occupancy since August 1, 2012, further underscores its consistent performance and desirability.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,125,000
- ML approach
- $1,130,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Richmond
- County
- Wayne
- State
- Indiana
- Longitude
- -84.8572
- Latitude
- 39.8313
- CBSA code
- 39980
- CBSA name
- RICHMOND, 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
2022
$6,258
$143,100
$64,800
$207,900
-
$143,100
$64,800
$207,900
