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3660 W Jonathan Moore Pike
Columbus, IN 47201
Freddy's Frozen Custard with Drive-Thru · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Drive Thru
ABOUT 3660 W JONATHAN MOORE PIKE , COLUMBUS, IN 47201
15-year absolute net sale/leaseback with three 5-year options and 10% increases every five years. A primary feature of this investment property is the very low rent of $108,000, compared to typical Freddy's rents that range from $130,000 to $165,000. This unit is operating below a 7% rent to sales ratio, which is very healthy compared to the industry standard of 8.5%. The subject property is located in a primary trade area, with immediate area retailers including Walmart Supercenter, Sam's Club, Menards, Starbucks, Walgreens, CVS, and many others. It is located just off interstate 65 on Johnathan Moore Pike with 25,000+ VPD. There are approximately 15,000+ residents within a 3-mile radius, with an average household income of $114,000+ within a 1-mile radius.
PROPERTY TAXES
| Parcel Number | 03-95-22-330-000.306-005 | Improvements Assessment | $490,700 |
| Land Assessment | $607,700 | Total Assessment | $1,098,400 |
PROPERTY TAXES
