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Pizza Hut 8932 E 38th St 2,135 SF Retail Building Indianapolis, IN 46226 $993,756 ($465.46/SF) 6.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand-New Long-Term Lease
- Strong Traffic Counts & Visibility
- Strong Franchisee Guarantee
- Strong Demographics
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Pizza Hut located at 8932 E 38th St, Indianapolis, IN 46226. The site consists of roughly 2,135 rentable square feet of building space on an estimated 0.6-acre parcel of land. This Pizza Hut is subject to a 15-year Triple Net (NNN) lease, which commenced 6/1/2025. The current annual rent is $67,079 and has scheduled increases of 1.50% annually.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,135 SF
Building Class
C
Year Built
1978
Price
$993,756
Price Per SF
$465.46
Cap Rate
6.75%
NOI
$67,079
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.60 AC
Frontage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 49-08-18-120-008.000-401 | Improvements Assessment | $153,000 |
| Land Assessment | $74,900 | Total Assessment | $227,900 |
PROPERTY TAXES
Parcel Number
49-08-18-120-008.000-401
Land Assessment
$74,900
Improvements Assessment
$153,000
Total Assessment
$227,900
CONTACTS
-
Glen Kunofsky -
Kyle Karsian -
Patrick Finn -
Walker Stevens -
Christopher Marks -
Surmount
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