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3250 E Main St
Richmond, IN 47374
PIZZA HUT - RICHMOND, IN · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- LONG-TERM ABSOLUTE NNN LEASE: 17 years remaining on initial 20-Year Absolute NNN lease with ATTRACTIVE 1.75% annual rental escalations beginning 2028!
- STRONG HISTORICAL SALES: Successfully open & operating for decades **Please ask broker for details.**
- TRAFFIC COUNTS: Outstanding visibility & access along US Rte 40/E Main St, the market’s primary east-west corridor, with traffic counts of 19,658 CPD!
- TENANT: SFR X Holdings, LLC is a proven 120+ unit operator and the 11th largest Pizza Hut franchisee in the U.S.
- DOMINANT RETAIL CORRIDOR: Across the street from Walmart - close proximity to Kohls, Menards, Kroger & Richmond Mall
- 2025 DEMOGRAPHICS: Total Population (5MI): 43,687 | Average Household Income (1MI): $94,232
EXECUTIVE SUMMARY
Fee Simple (Building & Land)
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,084 SF
Building Class
B
Year Built
1995
Price
$1,429,000
Price Per SF
$1,318.27
Cap Rate
7%
NOI
$100,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.32 AC
Zoning
GC - General Commercial
Parking
13 Spaces (11.99 Spaces per 1,000 SF Leased)
Frontage
50’ on East Main Street
AMENITIES
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Number | 89-16-34-430-116.000-030 | Improvements Assessment | $64,800 |
| Land Assessment | $143,100 | Total Assessment | $207,900 |
PROPERTY TAXES
Parcel Number
89-16-34-430-116.000-030
Land Assessment
$143,100
Improvements Assessment
$64,800
Total Assessment
$207,900
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