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Pizza Hut 4537 N Shadeland Ave 4,000 SF Retail Building Indianapolis, IN 46226 $894,147 ($223.54/SF) 7.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Long-Term, 10-Year Absolute Triple Net (NNN) Lease - Zero Landlord Responsibilities
- Franchisee Guarantee - Strong Franchisee Guarantee from Quality Huts (350+ Units)
- Annual Rental Increases - 1.50% Annual Rental Increases
EXECUTIVE SUMMARY
NNN Pro is pleased to present the exclusive listing for a Pizza Hut located at 4537 N Shadeland Ave, Indianapolis, IN 46226. The site consists of roughly 4,000 rentable square feet of building space on an estimated 0.63-acre parcel of land. This Pizza Hut is subject to a 10-year Triple Net (NNN) lease, which commenced 4/1/2024. The current annual rent is $67,061 and has scheduled increases of 1.50% Annually.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,000 SF
Building Class
C
Year Built
1973
Price
$894,147
Price Per SF
$223.54
Cap Rate
7.50%
NOI
$67,061
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.63 AC
Opportunity Zone
Yes
Zoning
Commercial - Commercial
Parking
12 Spaces (3 Spaces per 1,000 SF Leased)
Frontage
112’ on N Shadeland Ave
AMENITIES
- Bus Line
- Air Conditioning
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 49-07-13-123-023.000-407 | Improvements Assessment | $87,600 |
| Land Assessment | $73,000 | Total Assessment | $160,600 |
PROPERTY TAXES
Parcel Number
49-07-13-123-023.000-407
Land Assessment
$73,000
Improvements Assessment
$87,600
Total Assessment
$160,600
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