Realmo Analytics
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Property summary
This exceptional investment opportunity presents a ground lease interest in a Hardee's restaurant located at 9020 East 21st Street, Indianapolis, IN 46229. The 2,880 square foot property, built in 1970, boasts a 100% occupancy rate with a corporate-guaranteed Absolute NNN lease. The current lease, commencing January 1, 2022, and expiring December 31, 2026, has a remaining term of approximately 2.1 years, with a 10% rent increase every five years and lease options available. The asking price… is $660,168, representing a price per square foot of $229.22 and an 8.25% cap rate. The property generates a Net Operating Income (NOI) of $54,464. Benefiting from a prime location adjacent to a Home Depot, the property enjoys high visibility and significant traffic counts exceeding 40,000 vehicles per day. The Hardee's location has a long and successful operating history, exceeding 50 years, with consistent lease renewals. This presents a passive income investment with a strong corporate guarantee and below-market rent, offering immediate upside potential at lease expiration. The property is situated in Indianapolis, Indiana, a major metropolitan area and state capital, providing a stable and growing market. The ground lease structure means the tenant is responsible for all taxes, insurance, and common area maintenance, further enhancing the passive income stream for the investor. This is a rare opportunity to acquire a well-established, high-performing QSR property with significant long-term potential.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with a plan.
Debts
Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.
Property tax · 2023
Value estimate
· Nov 2026Realmo valuation models over county records and 6 qualifying comparable sales.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 13 properties nearbyComparable nearby
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $199/month
- GBA
- 2,880 SF
- Lot area
- 0.34 ac
- Year built
- 1970
- Stories
- 5
- APN
- 49-08-29-112-013.001-700
- Zoning
- ZO01
- Assessed value · 2023
- $284,200
- Annual tax · 2023
- $8,164
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $199/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with a plan - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
The mortgage data comes with a plan: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
Rey answers here. ChatGPT, Grok and Claude get the same data packet.
Includes: Price & PSF · Cap rate · Location · Zoning
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- 10 Targeted Leads
- 1 Full Property Report
- Lead Lists by Intent
- Signals & Scores
- Building Details
- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
- Ownership & Contacts
- Local Market trends
- Zoning Insight
- Location Analytics
- 300 Targeted Leads a month
- 30 Full Property Reports
- Lead Lists by Intent
- Signals & Scores
- Building Details
- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
- Ownership & Contacts
- Local Market trends
- Zoning Insight
- Location Analytics
- 1,500 Targeted Leads a month
- 150 Full Property Reports
- Lead Lists by Intent
- Signals & Scores
- Building Details
- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
- Ownership & Contacts
- Local Market trends
- Zoning Insight
- Location Analytics
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