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Restaurant

Swensons Drive-In | NNN Ground Lease

8894 E US Hwy 36, Avon, IN 46123

Listing Price: $1,943,000

Cap Rate
5.40%
Tenant Name
Swensons Drive-In
Years Remaining On Lease
13.6
Gross SF
1,568
Guarantor
Corporate Guarantee
Rentable SF
1,568
Price/Gross SF
$1,239.16
Lease Type
NNN Ground Lease
Rent Per Square Feet
$66.96

Investment Overview

New Construction – Corporate Swenson’s Drive-In Ground Lease | 14+ Years Remaining on Triple-Net Ground Lease | 10 Percent Rent Increases Every Five Years Throughout Primary and Option Terms

Trophy Location: Outparcel to Newly Developed Costco – Adjacent to Signalized Intersection and Main Entrance to Costco | Oversized 1.32 Acre Parcel

High Traffic Exposure: Located along US Highway 36/Rockville Road with 54,000+ VPD at Intersection

Rapid-Growth, Affluent Suburban Location to Indianapolis | Three-Mile Population has Increased by 105% Since 2000 | Three-Mile Average Household Income is $102,874

11 Miles to Downtown Indianapolis | Avon is Located in Hendricks County Which has Grown 66% Since 2000

Surrounded by National Tenants: Costco, Walmart, Hobby Lobby, At Home, Starbucks, Cooper’s Hawk Winery, Zaxby’s, Bubba’s 33, Chicken Salad Chick, First Watch, Penn Station, Torchy’s Tacos, Bibibop, Ace Hardware (Under Development), Toyota, Hyundai, Volkswagen, KIA

Indiana is #1 Best State to Start a Business (Forbes) | #9 State Business Tax Climate (Tax Foundation) | Indiana is Ranked #1 in US for Infrastructure (CNBC) | #2 in Cost of Doing Business (CNBC)

1st Swenson’s Drive-In Location in Indiana | Concept was Founded in 1934 in Akron, Ohio | Swenson’s has Grown to 20 Locations as of 2023 

Investment Highlights

  • Trophy Location: Outparcel to Newly Developed Costco – Adjacent to Signalized Intersection and Main Entrance to Costco | Oversized 1.32 Acre Parcel
  • New Construction – Corporate Swenson's Drive-In Ground Lease | 14+ Years Remaining on Triple-Net Ground Lease | 10 Percent Rent Increases Every Five Years Throughout Primary and Option Terms
  • Rapid-Growth, Affluent Suburban Location to Indianapolis | Three-Mile Population has Increased by 105 Percent Since 2000 | Three-Mile Average Household Income is $102,874
  • High Traffic Exposure: Located along US Highway 36/Rockville Road with 54,000+ Vehicles Per Day at Intersection

Exclusively Listed By

Restaurant

Swensons Drive-In | NNN Ground Lease

Listing Price: $1,943,000

Cap Rate
5.40%
Tenant Name
Swensons Drive-In
Years Remaining On Lease
13.6
Gross SF
1,568
Guarantor
Corporate Guarantee
Rentable SF
1,568
Price/Gross SF
$1,239.16
Lease Type
NNN Ground Lease
Rent Per Square Feet
$66.96

Investment Highlights

  • Trophy Location: Outparcel to Newly Developed Costco – Adjacent to Signalized Intersection and Main Entrance to Costco | Oversized 1.32 Acre Parcel
  • New Construction – Corporate Swenson's Drive-In Ground Lease | 14+ Years Remaining on Triple-Net Ground Lease | 10 Percent Rent Increases Every Five Years Throughout Primary and Option Terms
  • Rapid-Growth, Affluent Suburban Location to Indianapolis | Three-Mile Population has Increased by 105 Percent Since 2000 | Three-Mile Average Household Income is $102,874
  • High Traffic Exposure: Located along US Highway 36/Rockville Road with 54,000+ Vehicles Per Day at Intersection

Investment Overview

New Construction – Corporate Swenson’s Drive-In Ground Lease | 14+ Years Remaining on Triple-Net Ground Lease | 10 Percent Rent Increases Every Five Years Throughout Primary and Option Terms Trophy Location: Outparcel to Newly Developed Costco – Adjacent to Signalized Intersection and Main Entrance to Costco | Oversized 1.32 Acre Parcel High Traffic Exposure: Located along US Highway 36/Rockville Road with 54,000+ VPD at Intersection Rapid-Growth, Affluent Suburban Location to Indianapolis | Three-Mile Population has Increased by 105% Since 2000 | Three-Mile Average Household Income is $102,874 11 Miles to Downtown Indianapolis | Avon is Located in Hendricks County Which has Grown 66% Since 2000 Surrounded by National Tenants: Costco, Walmart, Hobby Lobby, At Home, Starbucks, Cooper’s Hawk Winery, Zaxby’s, Bubba’s 33, Chicken Salad Chick, First Watch, Penn Station, Torchy’s Tacos, Bibibop, Ace Hardware (Under Development), Toyota, Hyundai, Volkswagen, KIA Indiana is #1 Best State to Start a Business (Forbes) | #9 State Business Tax Climate (Tax Foundation) | Indiana is Ranked #1 in US for Infrastructure (CNBC) | #2 in Cost of Doing Business (CNBC) 1st Swenson’s Drive-In Location in Indiana | Concept was Founded in 1934 in Akron, Ohio | Swenson’s has Grown to 20 Locations as of 2023 

Exclusively Listed By

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