Historical Retail Sale Listing - Ryan's Grill Buffet - Indianapolis IN - 11% CAP

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Ryan's Grill Buffet - Indianapolis IN - 11% CAP

8180 US 31 S, Indianapolis, IN 46227

N/A

9,601 SF | Retail

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Retail Property - Off Market

Price:
N/A
Building Size:
9,601 SF
Property Type:
Retail
Property Sub-type:
Restaurant
Property Use Type:
Net Lease Investment with
10+ years left on lease
Commission Split:
2%
Cap Rate:
11%
Occupancy:
100%
Tenancy:
Single
Listing ID
16699321
Last Updated
over 1 year ago

Description

Colliers International is pleased to exclusively offer for sale a freestanding single tenant NNN Ryan' s restaurant. This Ryan' s restaurant is situated on at US 31 just south of East Stop Eleven Road. (Over 53,000 VPD), which is the heart of the Greenwood Park Mall Trade Area on the south side of Indianapolis. The subject property consists of a 9407 sf building, an outparcel to the Greenwood Point Power Shopping center which has a Hobby Lobby, Michaels, Buffalo Wild Wings and a former Circuit City.

In the immediate vicinity there are several other free standing restaurants including Don Pablo' s Mexican Cuisine, Buffalo Wild Wings and Mc Donald' s. The Greenwood Shopping Center less than ½ mile north on US31 tenants in the center include Chuck E. Cheese' s, TJ Maxx, Babies R Us, AT&T, Chase Bank, and Toys R Us. Across the street to the east is the County Line Mall, anchored by an 8 screen Cinemark Theatre, Office Max, Old Time Pottery, and HH Gregg. Less than ½ mile on US31 is the 1.244M sf Simon owned Super-Regional Greenwood Park Mall is on the SEC of E County Line Rd and US 31. Greenwood Park Mall averages approximately $445/sf in sales and is anchored by Macy' s, JC Penney, Sears, Von Maur, Dick' s Sporting Goods, and Barnes and Noble. The property recently went through an expansion creating a lifestyle center ambiance. Among the new retailers are Ann Taylor Loft, Coldwater Creek and Barnes & Noble. Restaurants will include The Cheesecake Factory and the first BJ' s Restaurant & Brewhouse in Indiana.

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Created 5/25/2010