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.

Property Subtype:

Fast Food

Date on Market:

2026-01-07

Brownsburg Retail for Sale - Hendricks County

The Klink Group of Marcus & Millichap is pleased to present for sale The Learning Experience located in Brownsburg, Indiana, an affluent and fast-growing Indianapolis suburb. The Property features a brand-new, 20-year passive lease that commenced in September of 2024 and offers 11% rental escalators every five years throughout the base term and renewal option periods. The tenant is responsible for common area maintenance, property taxes, & insurance costs.

Property Subtype:

Day Care Center

Date on Market:

2025-12-22

Indianapolis Retail for Sale - Speedway

Property Subtype:

Freestanding

Date on Market:

2025-12-07

Bloomington Industrial for Sale

The Marquis Group of KW Commercial Lafayette is pleased to present this NNN investment opportunity. The seller is looking to sell and lease back the property at $5,250/mo+NNN with a long term lease. The seller operates a regional HVAC company in Indiana. This building could be purchased with another property in Kokomo located at 4602 W 100 N, Kokomo, IN 46901.

Date on Market:

2025-11-17

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.

Property Subtype:

Freestanding

Date on Market:

2025-10-09

Danville Retail for Sale - Hendricks County

Surmount is pleased to present the exclusive listing for a Pizza Hut located at 3 Old Farm Rd, Danville, IN 46122. The site consists of roughly 2,501 rentable square feet of building space on an estimated 0.73-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 $78,293 and has scheduled increases of 1.50% annually.

Property Subtype:

Restaurant

Date on Market:

2025-09-19

Martinsville Retail for Sale - Morgan County

F. C. Tucker, Cockerham Commercial is pleased to exclusively offer For Sale the 14,525 SF Walgreens located at 1900 S Ohio Street in Martinsville, IN. Current lease is an Absolute Net with an Expiration date September 2028. The property is being offered at a 11.43% CAP rate and is in an Opportunity Zone. Property is located directly off HWY I-69. 20 minutes north to Indianapolis and 20 minutes south to Bloomington. NOTE-Former address was 1900 S Ohio St. Martinsville, IN

Property Subtype:

Drug Store

Date on Market:

2025-02-12

Bloomington Retail for Sale

5,494 SF Office Building located on Bloomington's West-Side. Prime location with lots of visibility and road frontage. Building is Mixed-Use with multiple updates and renovations and features 30,000 square feet of site pavement. Building is currently leased by MedExpress, triple net lease in place and several years remaining with options to extend.

Property Subtype:

Storefront

Date on Market:

2024-11-11