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5613 W 38th St 2,750 SF Retail Building Indianapolis, IN 46224 $3,915,570 CAD ($1,423.84 CAD/SF) 5.32% Cap Rate
INVESTMENT HIGHLIGHTS
- Operated by one of the largest Jack in the Box franchisees (243 units) in the country along with other national QSR. Over 300 units across all brands
- Located in a dense retail thoroughfare with traffic counts approximately 68,500 per day (38th St & N. Kiel Ave)
- Strong performing store with an approx. 7% rent-to-sales ratio; sales are well above the Jack in the Box national average
EXECUTIVE SUMMARY
Kidder Mathews is pleased to present 5613
W 38th St, Indianapolis, IN 46224 for
sale. This investment opportunity is a free-
standing, single-tenant property with a drive-
thru currently leased to a Jack in-the-Box
franchisee in the heart of Indianapolis, IN.
W 38th St, Indianapolis, IN 46224 for
sale. This investment opportunity is a free-
standing, single-tenant property with a drive-
thru currently leased to a Jack in-the-Box
franchisee in the heart of Indianapolis, IN.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,750 SF
Building Class
C
Year Built
2001
Price
$3,915,570 CAD
Price Per SF
$1,423.84 CAD
Cap Rate
5.32%
NOI
$208,275 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.84 AC
Zoning
ZO01
Parking
55 Spaces (20 Spaces per 1,000 SF Leased)
Frontage
158’ on W 38th St
AMENITIES
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 49-05-24-101-030.000-901 | Improvements Assessment | $532,291 CAD |
| Land Assessment | $502,596 CAD | Total Assessment | $1,034,887 CAD |
PROPERTY TAXES
Parcel Number
49-05-24-101-030.000-901
Land Assessment
$502,596 CAD
Improvements Assessment
$532,291 CAD
Total Assessment
$1,034,887 CAD
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5613 W 38th St
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