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Burger King New 15 Year Lease Extension 11741 Pendleton Pike 2 796 pi² Commerce de détail Immeuble Indianapolis, IN 46236 3 273 423 $ CAD (1 170,75 $ CAD/pi²) 5,50% Taux de capitalisation



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FAITS SAILLANTS DE L'INVESTISSEMENT
- Corporate-Operated Burger King with Long Operating History
- Recently Remodeled Building
- Combined Traffic Counts Exceeding 37,000 VPD (Pendleton Pike & Oaklandon Rd)
- New 15 Year Absolute NNN Lease – Zero Landlord Responsibilities
- Strong Reported Store Sales
RÉSUMÉ DE L'ANNONCE
The Kase Group is pleased to present the opportunity to acquire a recently remodeled Burger King located in Indianapolis, Indiana. The property is secured by
an Absolute NNN lease with zero landlord responsibilities, recently extended for a new 15-year term. The lease features 10% rental increases every five years
and includes three (3) additional five-year renewal options.
Strategically positioned at the signalized intersection of Pendleton Pike (27,381 VPD) and Oaklandon Road (9,745 VPD), the property benefits from excellent
visibility and accessibility. Surrounding tenants include national brands such as Dollar Tree, CVS, Advance Auto Parts, Ace Hardware, Family Dollar, Anytime
Fitness, and Taco Bell, contributing to consistent daily traffic.
Veterans Memorial Park, located adjacent to the property, serves as a popular local destination for families and outdoor activities. The area is supported by
several educational institutions including Lawrence Central High School (2,400 students) and Fall Creek Valley Middle School (1,300 students), reinforcing
daily activity and long-term consumer demand.
In Association with Scott Reid & ParaSell, Inc. | A Licensed
Indiana Broker #RC51900187
an Absolute NNN lease with zero landlord responsibilities, recently extended for a new 15-year term. The lease features 10% rental increases every five years
and includes three (3) additional five-year renewal options.
Strategically positioned at the signalized intersection of Pendleton Pike (27,381 VPD) and Oaklandon Road (9,745 VPD), the property benefits from excellent
visibility and accessibility. Surrounding tenants include national brands such as Dollar Tree, CVS, Advance Auto Parts, Ace Hardware, Family Dollar, Anytime
Fitness, and Taco Bell, contributing to consistent daily traffic.
Veterans Memorial Park, located adjacent to the property, serves as a popular local destination for families and outdoor activities. The area is supported by
several educational institutions including Lawrence Central High School (2,400 students) and Fall Creek Valley Middle School (1,300 students), reinforcing
daily activity and long-term consumer demand.
In Association with Scott Reid & ParaSell, Inc. | A Licensed
Indiana Broker #RC51900187
FAITS SUR LA PROPRIÉTÉ
Type de vente
Investissement pour loyer hypernet
Type de propriété
Commerce de détail
Sous-type de propriété
Restauration rapide
Taille du bâtiment
2 796 pi²
Classe d’immeuble
B
Année de construction
1974
Prix
3 273 423 $ CAD
Prix par pi²
1 170,75 $ CAD
Taux de capitalisation
5,50%
Revenu net d’exploitation
180 038 $ CAD
Location
Unique
Hauteur du bâtiment
1 étage
Coefficient d’occupation des sols de l’immeuble
0,09
Taille du lot
0,71 AC
Stationnement
45 places (16,09 places par 1 000 pi² loué)
Façade
139’ sur Pendleton Pike
COMMODITÉS
- Service au volant
PRINCIPAUX DÉTAILLANTS À PROXIMITÉ
Impôts fonciers
| Numéro de lot | 49-01-33-132-004.000-407 | Évaluation des bâtiments | 187 332 $ CAD |
| Évaluation du terrain | 429 245 $ CAD | Évaluation totale | 616 578 $ CAD |
Impôts fonciers
Numéro de lot
49-01-33-132-004.000-407
Évaluation du terrain
429 245 $ CAD
Évaluation des bâtiments
187 332 $ CAD
Évaluation totale
616 578 $ CAD
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Burger King New 15 Year Lease Extension | 11741 Pendleton Pike
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