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444 E Thompson Rd 2,349 SF Retail Building Indianapolis, IN 46227 $4,321,615 CAD ($1,839.77 CAD/SF) 6% Cap Rate
Investment Highlights
- No Landlord Responsibilities: Absolute NNN lease structure with 1.50% annual increases
- Great Location: US-31 (ADT: 46,354) & Thompson Rd (ADT: 14,163)
- Retail Corridor: Starbucks, McDonald’s, Wendy’s, Arby’s, Kroger, etc...
- Parcel Size: 1.56 acres allows for various redevelopment opportunities
- Easy Access: Located at the corner of a signalized intersection
- Operating History: 20+ years of success at this location
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Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,349 SF
Building Class
C
Year Built
2006
Price
$4,321,615 CAD
Price Per SF
$1,839.77 CAD
Cap Rate
6%
NOI
$259,297 CAD
Tenancy
Single
Building Height
1 Story
Slab To Slab
15’
Building FAR
0.03
Lot Size
1.56 AC
Zoning
ZO01
Frontage
Amenities
- Drive Thru
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 49-11-36-106-070.000-500 | Improvements Assessment | $336,370 CAD |
| Land Assessment | $345,327 CAD | Total Assessment | $681,697 CAD |
Property Taxes
Parcel Number
49-11-36-106-070.000-500
Land Assessment
$345,327 CAD
Improvements Assessment
$336,370 CAD
Total Assessment
$681,697 CAD
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444 E Thompson Rd
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