8894 E US Highway 36 | Avon, IN 46123
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8894 E US Highway 36
Avon, IN 46123
CorporateSwensons Drive-In | NNN Ground Lease · Retail Property For Sale
Investment Highlights
- Trophy location as an outparcel to Costco, adjacent to a 54,000 combined cars per day at a signalized intersection at the main entrance of Costco.
- 14 years remaining on the NNN corporate ground lease with 10% rent increases every five years throughout the primary and option terms.
- Prime exposure to over 54,000 cars per day at the intersection of E US Highway 36 and N CR 900 E and 5 miles from I-465 with 172,329 cars per day.
- New construction – first Swensons Drive-In in Indiana featuring a corporate NNN ground lease on an oversized 1.32-acre parcel.
- Situated in a high-growth area of Hendricks County, where the population has grown 66% since 2000 and 3-mile population has grown 105% since 2000.
- Located near Costco, Hobby Lobby, At Home, Starbucks, Zaxby’s, First Watch, Chick-Fil-A, Raising Cane’s, Lowe’s, and a new Torchy’s Tacos/Bibibop.
Property Facts
Property Type
Retail
Property Subtype
Building Size
1,711 SF
Building Class
B
Year Built
2022
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
1.32 AC
Zoning
Commercial - Commercial
Property Taxes
| Parcel Number | 32-10-01-433-005.000-031 | Improvements Assessment | $676,000 |
| Land Assessment | $831,600 | Total Assessment | $1,507,600 |
Property Taxes
Parcel Number
32-10-01-433-005.000-031
Land Assessment
$831,600
Improvements Assessment
$676,000
Total Assessment
$1,507,600
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