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Restaurant

Krispy Kreme

6022 E 82nd St, Indianapolis, IN 46250

Listing Price: $2,777,777

Cap Rate
4.50%
Tenant Name
Krispy Kreme
Years Remaining On Lease
15.0
Guarantor
Corporate Guarantee
Rentable SF
4,800
Lease Type
NNN Ground Lease
Rent Per Square Feet
$26.04

Investment Overview

Marcus & Millichap is pleased to offer for sale the fee simple interest in 6022 E. 82nd Street (The Property), a 4,800-square-foot brand new construction building in which Krispy Kreme just signed a 15-year absolute triple net ground lease, with a drive-thru. The Property is located just northeast of the downtown central business district. The Property sits at the hard corner and signalized intersection of East 82nd street and the entry road to Castleton Mall, providing maximum visibility to the over 52,000 vehicles that pass by daily. This asset is also just blocks off I-465 Highway that sees 140,000+ VPD. The property is a strategically located outpad to the Castleton Square Mall, the largest mall in Indiana with 130+ stores. The mall’s national anchor tenants include Macy’s, Von Maur, Dicks Sporting Goods, JCPenney, Vans, among many other notable brands. This offering presents the opportunity to acquire a brand-new construction absolute triple net ground lease with phenomenal fundamentals surrounding the property.

Investment Highlights

  • Brand New 2021 Construction with Drive-Thru – Zero Landlord Responsibilities
  • Ease of Access off 82nd Street & Interstate I-465 – Combined 190,000+ VPD
  • Premier Income and Density Demographics - $100,000+ Average Household Income in 5 Mile Radius
  • Outparcel to Castleton Square Mall – The Largest Mall in Indiana with 130+ Stores

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Listing Price: $2,777,777

Cap Rate
4.50%
Tenant Name
Krispy Kreme
Years Remaining On Lease
15.0
Guarantor
Corporate Guarantee
Rentable SF
4,800
Lease Type
NNN Ground Lease
Rent Per Square Feet
$26.04

Investment Highlights

  • Brand New 2021 Construction with Drive-Thru – Zero Landlord Responsibilities
  • Ease of Access off 82nd Street & Interstate I-465 – Combined 190,000+ VPD
  • Premier Income and Density Demographics - $100,000+ Average Household Income in 5 Mile Radius
  • Outparcel to Castleton Square Mall – The Largest Mall in Indiana with 130+ Stores

Investment Overview

Marcus & Millichap is pleased to offer for sale the fee simple interest in 6022 E. 82nd Street (The Property), a 4,800-square-foot brand new construction building in which Krispy Kreme just signed a 15-year absolute triple net ground lease, with a drive-thru. The Property is located just northeast of the downtown central business district. The Property sits at the hard corner and signalized intersection of East 82nd street and the entry road to Castleton Mall, providing maximum visibility to the over 52,000 vehicles that pass by daily. This asset is also just blocks off I-465 Highway that sees 140,000+ VPD. The property is a strategically located outpad to the Castleton Square Mall, the largest mall in Indiana with 130+ stores. The mall’s national anchor tenants include Macy’s, Von Maur, Dicks Sporting Goods, JCPenney, Vans, among many other notable brands. This offering presents the opportunity to acquire a brand-new construction absolute triple net ground lease with phenomenal fundamentals surrounding the property.

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

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