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Taco Bell 2316 Southport Commons Dr 2,274 SF Retail Building Indianapolis, IN 46217 $2,476,480 CAD ($1,089.04 CAD/SF) 5.35% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand-New Taco Bell Ground Lease in Affluent Indianapolis MSA: 15-year absolute NNN ground lease
- Major Infrastructure Improvements: Recently completed I-69 expansion added 35 miles of new lanes
- Dense and Affluent Demographics: Roughly 150,000 people within a 5-mile radius
- Prime Interstate Location: Positioned directly off I-69, benefiting from exceptional visibility and exposure to approximately 44,300 vehicles per day
- Surrounding Development Momentum: Subject property is part of the Southern Dunes commercial project which when complete will feature McDonald’s
- Proximity to Downtown Indianapolis: Located just eight miles from downtown
EXECUTIVE SUMMARY
15-Year Absolute NNN Ground Lease | High-Traffic Interstate Location (44,300+ CPD) | 90-Unit Operator (Bell Indiana, LLC)
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,274 SF
Building Class
B
Year Built
2025
Price
$2,476,480 CAD
Price Per SF
$1,089.04 CAD
Cap Rate
5.35%
NOI
$132,544 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.40 AC
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 49-14-16-123-001.000-500 | Improvements Assessment | $0 CAD |
| Land Assessment | $60,250 CAD | Total Assessment | $60,250 CAD |
PROPERTY TAXES
Parcel Number
49-14-16-123-001.000-500
Land Assessment
$60,250 CAD
Improvements Assessment
$0 CAD
Total Assessment
$60,250 CAD
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Taco Bell | 2316 Southport Commons Dr
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