Arby's - 954 E Main St

Greenwood, IN 46143

• NNN Property
• Retail for Sale
• $1,474,397 CAD
• 3,074 SF

Greenwood Retail for Sale

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Arby’s property located in Greenwood, Indiana, within the Indianapolis MSA. The property is operated by Turbo Restaurants, a subsidiary of Sun Holdings, one of the largest multi-brand franchise operators in the United States with more than 1,800 locations across 27 states. Turbo Restaurants acquired the location from the previous franchisee in 2021, who had successfully operated the restaurant at the site since 1990. In 2016, a 15-year lease extension was executed through 2031, demonstrating long-term commitment to the property. The lease is absolute triple net presenting no landlord responsibilities. Additionally, there are 6.5% rental escalations throughout the extended term and four 5-year renewal options. The next scheduled increase occurs in December 2026. The 3,074 square-foot building is positioned near the signalized intersection of East Main Street and Emerson Avenue, which sees a combined traffic count of 45,000 vehicles per day. The property is also located just one-half mile west of Interstate 65, a major corridor with 98,000 vehicles per day providing direct access to downtown Indianapolis. Arby’s benefits from its proximity to nationally recognized retailers including Sam’s Club, Camping World, Starbucks, McDonald’s, Circle K, and Waffle House. Additionally, the trade area receives a significant daytime population boost from the extensive industrial presence east of I-65, with major employers such as Amazon, FedEx, Milwaukee Tools, Würth, Dayton Freight, Amcor, Nestlé, Toyota, and Bimbo Bakeries. More than 159,000 residents live within a five-mile radius, with average household incomes exceeding $109,000. Arby’s is an American fast-food restaurant chain founded in 1964 by brothers Forrest and Leroy Raffel in Boardman, Ohio, as an alternative to hamburger-focused competitors, specializing in roast beef sandwiches. The name “Arby’s” derives from the initials “R.B.” for Raffel Brothers. Now part of Inspire Brands—a multi-brand restaurant company owned by Roark Capital Group and headquartered in Atlanta, Georgia—Arby’s operates more than 3,600 locations worldwide, emphasizing its “We Have the Meats” slogan and a menu featuring high-quality proteins, deli-style options, and drive-thru convenience.

Contact:

The Boulder Group

Property Subtype:

Fast Food

Date on Market:

2026-01-07

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140 S College Ave

Indianapolis, IN 46202

• NNN Property
• Office for Sale
• $3,945,569 CAD
• 8,713 SF

Indianapolis Office for Sale - CBD

Prime investment opportunity. Leaseback from Metazoa Brewing Company fully guaranteed.

Contact:

Coombes Real Estate LLC

Date on Market:

2026-01-04

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Applebee's - 7345 E Washington St

Indianapolis, IN 46219

• NNN Property
• Retail for Sale
• $5,611,014 CAD
• 5,230 SF

• Restaurant

Indianapolis Retail for Sale - Lawrence/East County

The Snyder Carlton National Net Lease Team is pleased to offer investors an opportunity to acquire the single-tenant, absolute NNN-leased Applebee’s in Indianapolis, IN, operated by Flynn Group and guaranteed by Apple American Group LLC. Apple American, the largest Applebee’s franchisee in the system, operates over 460 Applebee’s locations across 25 states and employs over 26,500 team members. Apple American Group is a subsidiary of Flynn Group, the third-largest restaurant operator in the United States, with over $5 billion in sales. Flynn Group operates Applebee’s, Arby’s, Taco Bell, Panera, Pizza Hut, Wendy’s, Planet Fitness, and 7 Brew with over 2,900 store units in 44 states and 3 countries. The tenant recently exercised an option early to extend the lease term to approximately 5.9 lease years. There are 7.5% rent increases every 5 years, with the next rent increase scheduled for October 2026. The store is ranked in the top 25% in the nation and top 17% in the state, with consistent sales growth over the last 5 years. The 5,230 SF casual dining restaurant is situated on a 1.34-acre parcel along E Washington Street (24,800 VPD) and is within half a mile from Interstate 465, which sees over 133,100 VPD. Nearby retailers include Kroger, ALDI, Chase Bank, Dollar General, Jiffy Lube, Firestone, Texas Roadhouse, Olive Garden, Taco Bell, Arby’s, and Steak ‘n Shake. The trade area is densely populated with over 210,600 residents within a 5-mile radius and an average household income of over $78,800 within a 1-mile radius.

Contact:

Colliers

Property Subtype:

Restaurant

Date on Market:

2025-11-17

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T-Mobile Corporate Freestanding - 8241 US 31 S

Indianapolis, IN 46227

• NNN Property
• Retail for Sale
• $2,131,345 CAD
• 2,894 SF

Indianapolis Retail for Sale - Edgewood/South County

Marcus & Millichap is pleased to present qualified investors with a rare opportunity to acquire a corporate-backed, double-net leased asset in one of Indianapolis’ most active commercial corridors. Strategically located along US Highway 31 S, the property benefits from exceptional visibility and exposure to over 37,000 vehicles per day, while sitting between two major retail destinations that attract more than 31 million annual visitors within a 1.5-mile radius. The site is surrounded by a dense concentration of national retailers including Target, Walmart, Home Depot, Lowe’s, Kohl’s, Dick’s Sporting Goods, TJ Maxx, Marshalls, Ross, JC Penney, and Floor & Decor. Additionally, the property is directly across from and adjacent to major automotive dealerships such as Toyota, Chevrolet, Kia, and Honda, contributing to a robust and consistent customer base. The lease is backed by T-Mobile USA, Inc. (NASDAQ: TMUS), the second-largest wireless carrier in the U.S. with over 130 million subscribers. Originally operated as a Sprint store, the site was fully remodeled following T-Mobile’s acquisition of Sprint in April 2020, with all improvements completed at the tenant’s sole expense. The tenant has continued to invest in the property, including a recent HVAC upgrade, and recently extended the lease by one year with an additional two-year option that includes scheduled rent increases — a strong signal of their long-term commitment to the location. The lease structure is double-net, with the landlord responsible only for the roof and structure. The roof carries a 10 Year Roof Warrant with 5 Years remaining minimizing future capital exposure and enhancing the property’s passive investment profile.

Contact:

Marcus & Millichap

Property Subtype:

Freestanding

Date on Market:

2025-10-09

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Pizza Hut - 1010 N State St

Greenfield, IN 46140

• NNN Property
• Retail for Sale
• $1,577,189 CAD
• 2,365 SF

Greenfield Retail for Sale - Hancock County

Surmount is pleased to present the exclusive listing for a Pizza Hut located at 1010 N State St, Greenfield, IN 46140. The site consists of roughly 2,365 rentable square feet of building space on an estimated 0.45-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 $76,899 and has scheduled increases of 1.50% annually.

Contact:

Surmount

Property Subtype:

Restaurant

Date on Market:

2025-09-25

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Pizza Hut - 1420 N Main St

Rushville, IN 46173

• NNN Property
• Retail for Sale
• $1,269,336 CAD
• 4,318 SF

Rushville Retail for Sale

Surmount is pleased to present the exclusive listing for a Pizza Hut located at 1420 N Main St, Rushville, IN 46173. The site consists of roughly 2,250 rentable square feet of building space on an estimated 1.01-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 $61,889 and has scheduled increases of 1.50% annually.

Contact:

Surmount

Property Subtype:

Fast Food

Date on Market:

2025-09-19

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Pizza Hut - 8932 E 38th St

Indianapolis, IN 46226

• NNN Property
• Retail for Sale
• $1,375,766 CAD
• 2,135 SF

Indianapolis Retail for Sale - Lawrence/East County

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.

Contact:

Surmount

Property Subtype:

Restaurant

Date on Market:

2025-09-19

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Cracker Barrel: Shelbyville, IN - 1898 N Morristown Rd

Shelbyville, IN 46176

• NNN Property
• Retail for Sale
• $5,305,947 CAD
• 9,966 SF

Shelbyville Retail for Sale - Shelby County

The CBRE Net Lease Property Group is pleased to offer for sale the 9,966-square-foot Cracker Barrel Old Country Store situated on 3.17 acres in Shelbyville, IN - a component of the Indianapolis, IN MSA (population: 2.18M+). Cracker Barrel's absolute NNN lease features ±14.6 years of primary term remaining with 1% annual rent increases throughout the remainder of the term and in each of the ten, 5-year renewal options.

Contact:

CBRE

Property Subtype:

Restaurant

Date on Market:

2025-09-18

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