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Buffalo Wild Wings 2747 E 62nd St 6,085 SF Retail Building Indianapolis, IN 46220 $4,540,206 CAD ($746.13 CAD/SF) 7.82% Cap Rate
Investment Highlights
- Passive Investment Opportunity – ±3.75 years remaining on an initial 15 year ABS NNN lease with Buffalo Wild Wings (Operator: World Wide Wings LLC)
- Developmental Growth – Massive new construction apartment complex across the street with 267 units, built in 2021.
- Home to Butler University – Close proximity to Butler University, 5,000+ students, $1B+ Regional Economic Impact, #1 Regional Midwest University.
- ABS NNN Lease with Zero Landlord Responsibilities – Tenant is responsible for maintaining roof, structure, and parking lot.
- Rare Annual Rental Increases – 1.65% rental increases annually.
- Growing Indianapolis Market – Indianapolis is the 16th most populated city in the United States. Ranked 4th City in U.S. for emerging hotspots in CRE.
Executive Summary
Broker of Record
Kyle Matthews
License No. RC52200195 (IN)
Broker of Record
Kyle Matthews
License No. RC52200195 (IN)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
Kyle Matthews
License No. RC52200195 (IN)
Broker of Record
Kyle Matthews
License No. RC52200195 (IN)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,085 SF
Building Class
B
Year Built
2013
Price
$4,540,206 CAD
Price Per SF
$746.13 CAD
Cap Rate
7.82%
NOI
$355,044 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
0.82 AC
Zoning
ZO01 - Construction
Parking
55 Spaces (9.04 Spaces per 1,000 SF Leased)
Frontage
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 49-07-05-115-014.000-801 | Improvements Assessment | $667,983 CAD |
| Land Assessment | $435,611 CAD | Total Assessment | $1,103,594 CAD |
Property Taxes
Parcel Number
49-07-05-115-014.000-801
Land Assessment
$435,611 CAD
Improvements Assessment
$667,983 CAD
Total Assessment
$1,103,594 CAD
Contacts
-
Josh Bishop -
Dylan Freeney -
Brett Baumgartner -
Matthews Real Estate Investment Services
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Buffalo Wild Wings | 2747 E 62nd St
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