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Restaurant

Steak 'n Shake

21 Maplehurst Dr, Brownsburg, IN 46112

Listing Price: $1,934,000

Cap Rate
7.70%
Tenant Name
Steak 'n Shake
Years Remaining On Lease
5.2
Guarantor
Corporate Guarantee
Rentable SF
4,025
Lease Type
Absolute Net
Rent Per Square Feet
$37.00

Investment Overview

Marcus & Millichap is pleased to offer for sale the 100 percent fee simple interest in 21 Maplehurst Drive (The Property), a 4,025 squarefoot building that is currently leased to Steak ‘n Shake Corporation with 5.25+ years of remaining lease term on their original 18-year lease. The Property is located off of N Green Street and Interstate 74 in the plush northwestern suburb of Indianapolis. The Property stands adjacent to the main North-South retail corridor of Brownsburg, IN. Brand New Construction Crew Car Wash, Walmart Supercenter, Midas, Circle K, Hampton Inn & Suites, Quality Inn & Suites, Super 8, Starbucks, and Buffalo Wild Wings are among some of the national tenants in the immediate area. More local businesses including Brownsburg Bowl, Westwood Animal Hospital, Big Red Liquors, and Dog House Sports Bar are also surrounding this Steak ‘n Shake Location. This offering presents the opportunity to acquire a primely located free-standing absolute net leased asset with annual rent bumps in the blue-chip Brownsburg, IN market.

Investment Highlights

  • Absolute NNN Lease Structure
  • Drive-Thru Access with Ample Parking
  • Main Retail Corridor – Surrounded by National Tenant Roster
  • Brownsburg, IN – A Top Rated Suburb of Indianapolis

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/Regional Manager

    License(s): IN: RB14034355

    Indiana

Listing Price: $1,934,000

Cap Rate
7.70%
Tenant Name
Steak 'n Shake
Years Remaining On Lease
5.2
Guarantor
Corporate Guarantee
Rentable SF
4,025
Lease Type
Absolute Net
Rent Per Square Feet
$37.00

Investment Highlights

  • Absolute NNN Lease Structure
  • Drive-Thru Access with Ample Parking
  • Main Retail Corridor – Surrounded by National Tenant Roster
  • Brownsburg, IN – A Top Rated Suburb of Indianapolis

Investment Overview

Marcus & Millichap is pleased to offer for sale the 100 percent fee simple interest in 21 Maplehurst Drive (The Property), a 4,025 squarefoot building that is currently leased to Steak ‘n Shake Corporation with 5.25+ years of remaining lease term on their original 18-year lease. The Property is located off of N Green Street and Interstate 74 in the plush northwestern suburb of Indianapolis. The Property stands adjacent to the main North-South retail corridor of Brownsburg, IN. Brand New Construction Crew Car Wash, Walmart Supercenter, Midas, Circle K, Hampton Inn & Suites, Quality Inn & Suites, Super 8, Starbucks, and Buffalo Wild Wings are among some of the national tenants in the immediate area. More local businesses including Brownsburg Bowl, Westwood Animal Hospital, Big Red Liquors, and Dog House Sports Bar are also surrounding this Steak ‘n Shake Location. This offering presents the opportunity to acquire a primely located free-standing absolute net leased asset with annual rent bumps in the blue-chip Brownsburg, IN market.

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/Regional Manager

    License(s): IN: RB14034355

    Indiana

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