6883 Us Highway 36, Avon, IN 46123

Property Details for 6883 Us Highway 36

Year built

2024

Lot size

0.91 lot acres

Property type

Commercial real estate

Description

This exceptional investment opportunity presents a 710 square foot, single-tenant, absolute NNN leased property housing a 7 Brew Coffee shop. Located at 6883 E US Hwy 36 in Avon, Indiana, this 2024-built QSR boasts a strong 6.50% cap rate and a compelling asking price of $2,461,000 ($3,466.20/sq ft). The property sits on a 0.91-acre lot and benefits from a new 15-year lease with a national franchisee, 7 Venture, who currently operates 37 stores across multiple states and plans significant expansion. The lease includes 10% rent increases every five years throughout the initial term and option periods, minimizing landlord responsibilities. This prime location enjoys high visibility, situated across from a Kroger and McDonald's, adjacent to a new Taco Bell and Bank of America. High traffic counts of approximately 32,000 vehicles daily on US Hwy 36 and 14,000 on SR 267, coupled with strong demographics (average household incomes exceeding $116,000 within a five-mile radius and populations exceeding 116,000 within the same radius), ensure a robust and stable investment. This is a rare opportunity to acquire a high-performing, low-maintenance asset in a thriving market. The property's strong tenant, favorable lease terms, and excellent location make it an ideal addition to any investment portfolio.

Location Insight

City

Avon

County

Hendricks

State

Indiana

Longitude

-86.4021902

Latitude

39.7622092