Investment Overview

Marcus & Millichap is pleased to present a dual-tenant NNN retail investment featuring Subway and Biggby Coffee, strategically positioned along the high-traffic U.S. 31 corridor within the Indianapolis MSA. The property was remodeled in 2026 to create a modern, complementary food and beverage configuration totaling ±2,709 SF on ±1.12 acres. Both tenants operate under new 15-year NNN leases commencing at close of escrow, offering zero landlord responsibilities and scheduled 10% rent increases every five years. The asset also includes a leased parking lot generating $36,000 annually, providing additional income and future redevelopment potential upon lease expiration in 2034. With a price of $2,836,364, NOI of $156,000, and a 5.50% cap rate, the property delivers stable, diversified income backed by high-net-worth personal guarantees from both tenants.