3704 Washington St Indianapolis, IN 46241-1527
Property profile & analytics
3704 Washington St, Indianapolis, IN 46241-1527
- Turn key restaurants
- 2,245 SF
- 0.80 lot acres
Property ID
US31-1213537
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
- KFC / Restaurant
Property Details for 3704 Washington St
- Year built
- 1988
- Lot size
- 0.80 lot acres
- Property type
- Turn key restaurants
- APN
- 49-11-08-141-007.000-930
- APU
- 491108141007000930
Description
This fee-simple ownership opportunity presents a compelling investment in a thriving Indianapolis, Indiana, KFC location. The 2,245 square foot restaurant, built in 1990 and renovated in 2018, sits on a 0.8-acre lot with 35 parking spaces and boasts a convenient drive-thru. The property enjoys 100% occupancy under a corporate-guaranteed Net Lease (NNN) agreement with a remaining term of 4 years and three 5-year options, each including a 10% rent increase. This ensures consistent, inflation-hedged income growth. The current Net Operating Income (NOI) is $49,390, yielding a 5.50% cap rate on the $898,000 asking price. The property is zoned C-1 and benefits from high visibility on W. Washington Street (23,000 vehicles per day), a major thoroughfare connecting to downtown Indianapolis. Its strategic location near Interstate 74 (147,700 VPD), Lucas Oil Stadium, Indianapolis Motor Speedway, and Indiana University, along with proximity to national retailers like Costco, Sam's Club, Kroger, and Lowe's, ensures consistent customer traffic. The strong demographics within a 5-mile radius, encompassing over 217,000 residents and 256,800 employees, further solidify this investment's potential. Minimal landlord responsibilities make this an ideal low-management investment.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Indianapolis
- County
- Marion
- State
- Indiana
- Longitude
- -86.2237
- Latitude
- 39.7614
- CBSA code
- 26900
- CBSA name
- INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN 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
$12,471
$84,800
$287,500
$372,300
-
$84,800
$287,500
$372,300
