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7-Eleven (Speedway) 4610 S Kentucky Ave 3,819 SF Retail Building Indianapolis, IN 46221 $6,762,000 ($1,770.62/SF) 5.25% Cap Rate
Investment Highlights
- Absolute Net lease | Zero landlord responsibilities | True passive ownership
- Eligible for 100% bonus depreciation under current federal tax law | Enables investors to accelerate a substantial portion of basis in the first year
- Corporate guaranty from 7-Eleven, Inc. | 12,000+ locations across the U.S. | Largest convenience store operator in the country
- Long-term lease security | 14.3 years of remaining term
- Investment grade credit | S&P: A- / Moody’s: Baa2 | Globally recognized brand
- Proven commitment to the site | Tenant has operated here since 2003 | 20+ year operating history
Executive Summary
Ransome Foose and Carl Brendes of Berkeley Capital Advisors are pleased to present for sale 7-Eleven (Speedway) in Indianapolis, IN. We welcome your review of this attractive investment.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Service Station
Building Size
3,819 SF
Building Class
C
Year Built
2003
Price
$6,762,000
Price Per SF
$1,770.62
Cap Rate
5.25%
NOI
$355,046
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.78 AC
Zoning
Commercial
Parking
26 Spaces (6.81 Spaces per 1,000 SF Leased)
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 49-12-36-118-002.000-200 | Improvements Assessment | $436,800 |
| Land Assessment | $204,300 | Total Assessment | $641,100 |
Property Taxes
Parcel Number
49-12-36-118-002.000-200
Land Assessment
$204,300
Improvements Assessment
$436,800
Total Assessment
$641,100
Contacts
-
Ransome Foose -
Carl Brendes -
Quinn O'Donnell -
Matt Sagehorn -
Berkeley Capital Advisors
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