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Jordan's Fish & Chicken 6416 W Washington St 2,400 SF Retail Building Indianapolis, IN 46241 $935,207 CAD ($389.67 CAD/SF) 7.65% Cap Rate
Investment Highlights
- New 10-Year Renewal on a Net-Leased Restaurant (Jordan's Fish & Chicken)
- Features a Drive-Thru, Which Enhances Operational Flexibility and Long-Term Tenant Appeal
- 0.5 Miles from Interstate 465, Which Sees 160,941 Vehicles per Day
- Scheduled Five Percent Rental Increase on January 1, 2027,Followed by Three Percent Annual Increases Commencing July 2027
- One Mile from Indianapolis International Airport, Which is the Most Visited Airport in Indiana and Attracts 12.2 Million Annual Visitors (Placer.ai)
- Notable Retailers in the Area Include Goodwill, Dollar General, Jimmy John’s, Arby’s, Sherwin-Williams, Hardee’s, Emporium Flea Markets & Ace Hardware
Executive Summary
Jordan’s Fish & Chicken is a net-leased restaurant that has operated at this location since 2020 and recently executed a new 10-year lease renewal. The lease includes a five percent rent increase effective January 1, 2027, followed by annual three percent rent escalations, supporting consistent NOI growth throughout the lease term. The property is strategically located near Indianapolis International Airport and just off Interstate 465 (160,941 vehicles per day), offering excellent regional accessibility and visibility. Additionally, the site benefits from frontage along Route 40/Washington Street (31,154 vehicles per day), further enhancing exposure to daily traffic. Surrounded by national retailers, schools, and a dense hotel corridor, the property enjoys strong consumer traffic. The site also features a drive-thru, enhancing operational flexibility and long-term appeal. The immediate trade area is supported by a strong base of both residents and employees, creating consistent demand and reinforcing the property’s long-term viability as a retail investment.
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Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,400 SF
Building Class
B
Year Built
1993
Price
$935,207 CAD
Price Per SF
$389.67 CAD
Cap Rate
7.65%
NOI
$71,524 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.50 AC
Opportunity Zone
Yes
Zoning
C5
Parking
13 Spaces (5.42 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Drive Thru
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 49-12-14-111-002.000-930 | Improvements Assessment | $279,285 CAD |
| Land Assessment | $167,457 CAD | Total Assessment | $446,742 CAD |
Property Taxes
Parcel Number
49-12-14-111-002.000-930
Land Assessment
$167,457 CAD
Improvements Assessment
$279,285 CAD
Total Assessment
$446,742 CAD
Contacts
-
Sean Sharko -
Phoebe Klein -
Austin Weisenbeck -
Sharko | Weisenbeck | Mendoza Group
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Jordan's Fish & Chicken | 6416 W Washington St
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