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Wendy’s 6120 Whitestown Pky 2,566 SF Retail Building Whitestown, IN 46075 $1,909,090 ($743.99/SF) 5.50% Cap Rate
Investment Highlights
- Growing Affluent Indianapolis Submarket: Whitestown, Indiana continues to experience strong growth fueled by infrastructure improvements
- Prime Positioning & Surrounding Retail : The subject property is strategically located along Whitestown Parkway, the area’s primary retail corridor
- Strong Demographics & High Visibility: This opportunity sits as an outparcel to the busiest retail center in the city
- Over 12+ Years of Remaining Lease | Low Rent Site: The property features over 12 years of remaining lease term, providing investors
- Recent Construction | New Wendy’s Prototype: The property features a recently constructed Wendy’s built to the brand’s latest prototype
Executive Summary
Broker of Record
Kyle Matthews
License # RC52200195, RB17001213 (IN)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Kyle Matthews
License # RC52200195, RB17001213 (IN)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,566 SF
Building Class
B
Year Built
2018
Price
$1,909,090
Price Per SF
$743.99
Cap Rate
5.50%
NOI
$105,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.02 AC
Zoning
ZO01 - Refers to a specific land-use classification in a city's zoning code.
Parking
40 Spaces (15.59 Spaces per 1,000 SF Leased)
Frontage
101’ on Whitestown Pky
Amenities
- Pylon Sign
- Restaurant
- Security System
- Signage
- Drive Thru
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
- -
- -
- -
Wendy's began in 1969 when Dave Thomas opened the first Wendy's Old Fashioned Hamburgers restaurant in Columbus, Ohio. The company operates a quick-service restaurant system built around company-operated and franchised locations, with a presence across the United States and international markets. Wendy's menu centers on made-to-order square hamburgers with fresh beef, along with chicken sandwiches and nuggets, Baconator items, Frosty desserts, and other core menu offerings. The company pursues ongoing menu development and expansion across the global restaurant system, reflecting a business focused on burgers, chicken, desserts, and franchise operations.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Accommodation and Food Services | - | - | - |
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 06-04-06-000-033.002-021 | Improvements Assessment | $991,000 |
| Land Assessment | $846,200 | Total Assessment | $1,837,200 |
Property Taxes
Parcel Number
06-04-06-000-033.002-021
Land Assessment
$846,200
Improvements Assessment
$991,000
Total Assessment
$1,837,200
Contacts
-
Cade Norland -
Connor Olandt -
Vincent Renna -
Matthews Real Estate Investment Services
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