This property is Off-Market

8180 US 31 S
Indianapolis, IN 46227 ·

9,601 SF · Retail For Sale

N/A

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

Price N/A Commission Split 2%
Building Size 9,601 SF Cap Rate 11%
Property Type Retail Occupancy 100%
Property Sub-type Restaurant Tenancy Single
Property Use Type Net Lease Investment with 10+ years left on lease
Listing ID: 16699321 Date Created: 05/25/2010 Last Updated: 06/02/2011

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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8180 US 31 S, Indianapolis, IN 46227 (Marion County)

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