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1010 N State St 2,365 SF Retail Building Greenfield, IN 46140 $1,588,650 CAD ($671.73 CAD/SF) 6.75% Cap Rate
Investment Highlights
- Brand-New Long-Term Lease
- High-Traffic Corridor
- Strong Franchisee Guarantee
- Retail Corridor Presence
Executive Summary
Surmount is pleased to present the exclusive listing for a Pizza Hut located at 1010 N State St, Greenfield, IN 46140. The site consists of roughly 2,365 rentable square feet of building space on an estimated 0.45-acre parcel of land. This Pizza Hut is subject to a 15-year Triple Net (NNN) lease, which commenced 6/1/2025. The current annual rent is $76,899 and has scheduled increases of 1.50% annually.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,365 SF
Year Built
1974
Price
$1,588,650 CAD
Price Per SF
$671.73 CAD
Cap Rate
6.75%
NOI
$107,233 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.45 AC
Frontage
Fairly walkable
50/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 30-07-32-102-005.000-009 | Improvements Assessment | $376,677 CAD |
| Land Assessment | $177,761 CAD | Total Assessment | $554,437 CAD |
Property Taxes
Parcel Number
30-07-32-102-005.000-009
Land Assessment
$177,761 CAD
Improvements Assessment
$376,677 CAD
Total Assessment
$554,437 CAD
Contacts
-
Glen Kunofsky -
Kyle Karsian -
Patrick Finn -
Christopher Marks -
John McHugh -
Surmount
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1010 N State St
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