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Pizza Hut 8932 E 38th St 2,135 SF Retail Building Indianapolis, IN 46226 $1,387,204 CAD ($649.74 CAD/SF) 6.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand-New Long-Term Lease
- Strong Traffic Counts & Visibility
- Strong Franchisee Guarantee
- Strong Demographics
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Pizza Hut located at 8932 E 38th St, Indianapolis, IN 46226. The site consists of roughly 2,135 rentable square feet of building space on an estimated 0.6-acre parcel of land. This Pizza Hut is subject to a 15-year Triple Net (NNN) lease, which commenced 6/1/2025. The current annual rent is $67,079 and has scheduled increases of 1.50% annually.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,135 SF
Building Class
C
Year Built
1978
Price
$1,387,204 CAD
Price Per SF
$649.74 CAD
Cap Rate
6.75%
NOI
$93,637 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.60 AC
Frontage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 49-08-18-120-008.000-401 | Improvements Assessment | $214,206 CAD |
| Land Assessment | $104,863 CAD | Total Assessment | $319,069 CAD |
PROPERTY TAXES
Parcel Number
49-08-18-120-008.000-401
Land Assessment
$104,863 CAD
Improvements Assessment
$214,206 CAD
Total Assessment
$319,069 CAD
CONTACTS
-
Glen Kunofsky -
Kyle Karsian -
Patrick Finn -
Walker Stevens -
Christopher Marks -
Surmount
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Pizza Hut | 8932 E 38th St
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