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Restaurant

Hardee's | Corporate Absolute NNN Lease | Retail Trade Area Location | 39+ Years Operating History

8601 Allisonville Rd, Indianapolis, IN 46250

Listing Price: $3,140,000

Cap Rate
4.50%
Tenant Name
Hardee's
Years Remaining On Lease
9.4
Gross SF
4,174
Guarantor
Corporate Guarantee
Rentable SF
4,174
Price/Gross SF
$752.28
Lease Type
Absolute Net
Rent Per Square Feet
$33.85

Investment Overview

Marcus & Millichap is pleased to present for sale the Hardee's located at 8601 Allisonville Road in Indianpolis, Indiana.

Investment Highlights

  • Prime, Hard-Corner Signalized Intersection at East 86th Street & Allisonville Road with 60,000+- Vehicles Daily
  • Attractive Lease Fundamentals with 10% Rental Increases Every Five Years and Corporate Guarantee
  • Dense Retail, Office and Residential Corridor-Population of 55,000 Within Three Miles
  • Outlot to Castle Creek Plaza, an 81,000-Square Foot Shopping Center with Local, Regional and National Tenants
  • Strong Market Presence & History - Hardee's Has Operated at Site for 39+ Years
  • Located Across the Street from Castleton Square Mall, The Largest Shopping in Indiana at 1.3M Owned and Operated by Simon Property Group
  • Eight Multi-Family Communities Comprised of Approximately 3,350 Units Within One Mile with New Developments Planned Nearby
  • Strong Market Presence & History - Hardee's Has Operated at Site for 39+ Years

Exclusively Listed By

Restaurant

Hardee's | Corporate Absolute NNN Lease | Retail Trade Area Location | 39+ Years Operating History

Listing Price: $3,140,000

Cap Rate
4.50%
Tenant Name
Hardee's
Years Remaining On Lease
9.4
Gross SF
4,174
Guarantor
Corporate Guarantee
Rentable SF
4,174
Price/Gross SF
$752.28
Lease Type
Absolute Net
Rent Per Square Feet
$33.85

Investment Highlights

  • Prime, Hard-Corner Signalized Intersection at East 86th Street & Allisonville Road with 60,000+- Vehicles Daily
  • Attractive Lease Fundamentals with 10% Rental Increases Every Five Years and Corporate Guarantee
  • Dense Retail, Office and Residential Corridor-Population of 55,000 Within Three Miles
  • Outlot to Castle Creek Plaza, an 81,000-Square Foot Shopping Center with Local, Regional and National Tenants
  • Strong Market Presence & History - Hardee's Has Operated at Site for 39+ Years
  • Located Across the Street from Castleton Square Mall, The Largest Shopping in Indiana at 1.3M Owned and Operated by Simon Property Group
  • Eight Multi-Family Communities Comprised of Approximately 3,350 Units Within One Mile with New Developments Planned Nearby
  • Strong Market Presence & History - Hardee's Has Operated at Site for 39+ Years

Investment Overview

Marcus & Millichap is pleased to present for sale the Hardee's located at 8601 Allisonville Road in Indianpolis, Indiana.

Exclusively Listed By

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