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STNL- Jack in the Box 15 Year Sale Lease Back 5613 W 38th St 2,750 SF Retail Building Indianapolis, IN 46224 $3,881,815 CAD ($1,411.57 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
- Strong demographics with average household income of ±$59,000 in a 2- mile radius, ±$69,000 in a 5-mile radius, & ±86,000 in a 10-mile radius
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
$3,881,815 CAD
Price Per SF
$1,411.57 CAD
Cap Rate
5.32%
NOI
$206,480 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
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 49-05-24-101-030.000-901 | Improvements Assessment | $631,569 CAD |
| Land Assessment | $505,088 CAD | Total Assessment | $1,136,657 CAD |
Property Taxes
Parcel Number
49-05-24-101-030.000-901
Land Assessment
$505,088 CAD
Improvements Assessment
$631,569 CAD
Total Assessment
$1,136,657 CAD
1 of 3
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STNL- Jack in the Box 15 Year Sale Lease Back | 5613 W 38th St
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