About This Restaurant
Investment Highlights
New Class A Construction | Freestanding Starbucks (S&P: BBB+) with Drive-Through Directly Off I-69 Exit (78,242 VPD) Pendleton is Part of the Growing Indianapolis MSA - the 16th Largest Metro in the US New 10-Year Lease | Six 5-Year Options | Rent Increases Throughout Primary Term and Options
Executive Summary
Brand New Class A Construction | Ten-Year Lease with Corporate Guarantee | No Early Termination or Kick Out Clause | Rent Increases Throughout Primary Term and OptionsFreestanding Starbucks (S&P: BBB+) with Drive-Through | Directly Off I-69 Exit (89,576 Combined VPD)Located in the Southeastern Quadrant of the Pendleton I-69 Interchange Master Plan, a 2,325-Acre Planned Development at the Interchange of I-69 and SR 38 | One Mile from Four Future Residential Districts and One Multi-Family Residential District Containing Over 1,100 Acres | Click HereOutparcel to Pendleton Business Park with Future Planned Expansion to 264 Acres | The SE Quadrant Contains the Current Pendleton Business Park, a Future Residential District of 217 Acres, the Health & Wellness Center ? Part of the Future 178-Acre Falls Pointe Health & Wellness District, Which Will Include Medical Facilities, Sports Complexes, and a Nature Park and Trails | Click HereIn 2024, the Pendleton Town Council Approved Rezoning for a New 98-Acre, 200-Home Subdivision Southeast of CR 600 and SR 38 Ten-Mile Population Grew by 47% from 2000 | Pendleton is Located Five Miles from Hamilton County | Hamilton County is the Fastest Growing County in Indiana Pendleton is an Affluent, Booming Northeastern Suburb of Indianapolis | Located Just 16 Miles from the Corporate Limits of Indianapolis | Pendleton is Part of the Growing Indianapolis MSA ? the 16th Largest City in the US
Property Details
- Sale Type Investment
- Property Type Retail
- Property Subtype Restaurant Restaurant General Retail Fast Food Restaurant
- Building Size 2,300
- Building Class B
- Year Built 2024
- Price 2,625,357
- Price Per SF 1,141
- Cap Rate 5.45
- NOI 143,082
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.19
- Land Acres 0.28 AC
| Date Created: | 2024-07-16 04:13:40 | Last Updated: | 2024-07-16 04:13:40 |
| Address: | 720 Henderson Way , Pendleton, Indiana, 46064 | ||