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Burger King New 15 Year Lease Extension 11741 Pendleton Pike 2,796 SF Retail Building Indianapolis, IN 46236 $3,299,447 CAD ($1,180.06 CAD/SF) 5.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Corporate-Operated Burger King with Long Operating History
- Recently Remodeled Building
- Combined Traffic Counts Exceeding 37,000 VPD (Pendleton Pike & Oaklandon Rd)
- New 15 Year Absolute NNN Lease – Zero Landlord Responsibilities
- Strong Reported Store Sales
EXECUTIVE SUMMARY
The Kase Group is pleased to present the opportunity to acquire a recently remodeled Burger King located in Indianapolis, Indiana. The property is secured by
an Absolute NNN lease with zero landlord responsibilities, recently extended for a new 15-year term. The lease features 10% rental increases every five years
and includes three (3) additional five-year renewal options.
Strategically positioned at the signalized intersection of Pendleton Pike (27,381 VPD) and Oaklandon Road (9,745 VPD), the property benefits from excellent
visibility and accessibility. Surrounding tenants include national brands such as Dollar Tree, CVS, Advance Auto Parts, Ace Hardware, Family Dollar, Anytime
Fitness, and Taco Bell, contributing to consistent daily traffic.
Veterans Memorial Park, located adjacent to the property, serves as a popular local destination for families and outdoor activities. The area is supported by
several educational institutions including Lawrence Central High School (2,400 students) and Fall Creek Valley Middle School (1,300 students), reinforcing
daily activity and long-term consumer demand.
In Association with Scott Reid & ParaSell, Inc. | A Licensed
Indiana Broker #RC51900187
an Absolute NNN lease with zero landlord responsibilities, recently extended for a new 15-year term. The lease features 10% rental increases every five years
and includes three (3) additional five-year renewal options.
Strategically positioned at the signalized intersection of Pendleton Pike (27,381 VPD) and Oaklandon Road (9,745 VPD), the property benefits from excellent
visibility and accessibility. Surrounding tenants include national brands such as Dollar Tree, CVS, Advance Auto Parts, Ace Hardware, Family Dollar, Anytime
Fitness, and Taco Bell, contributing to consistent daily traffic.
Veterans Memorial Park, located adjacent to the property, serves as a popular local destination for families and outdoor activities. The area is supported by
several educational institutions including Lawrence Central High School (2,400 students) and Fall Creek Valley Middle School (1,300 students), reinforcing
daily activity and long-term consumer demand.
In Association with Scott Reid & ParaSell, Inc. | A Licensed
Indiana Broker #RC51900187
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,796 SF
Building Class
B
Year Built
1974
Price
$3,299,447 CAD
Price Per SF
$1,180.06 CAD
Cap Rate
5.50%
NOI
$181,470 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.71 AC
Parking
45 Spaces (16.09 Spaces per 1,000 SF Leased)
Frontage
139’ on Pendleton Pike
AMENITIES
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 49-01-33-132-004.000-407 | Improvements Assessment | $189,235 CAD |
| Land Assessment | $433,606 CAD | Total Assessment | $622,841 CAD |
PROPERTY TAXES
Parcel Number
49-01-33-132-004.000-407
Land Assessment
$433,606 CAD
Improvements Assessment
$189,235 CAD
Total Assessment
$622,841 CAD
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Burger King New 15 Year Lease Extension | 11741 Pendleton Pike
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