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951 Indiana Ave
Indianapolis, IN 46202
Taco Bell | Downtown Indianapolis · Retail Property For Sale
Executive Summary
- No Landlord Responsibilities: Absolute NNN lease structure
- Rental Increases: 1.50% annual increases
- Great Location: Signalized corner of University Blvd (ADT: 7,464) & Indiana Ave (ADT: 8,715), adjacent to IU Indianapolis (25,000+ students)
- Corridor Strength: Riley Children’s Hospital, Eskenazi Health, IU Health, IU-Indianapolis, Starbucks, Cava, Qdoba, City Barbeque, Papa John’s, Panda Express, Chipotle, Donato’s Pizza, & many more
- Operating History: 13+ years of success at this location
- Rental Increases: 1.50% annual increases
- Great Location: Signalized corner of University Blvd (ADT: 7,464) & Indiana Ave (ADT: 8,715), adjacent to IU Indianapolis (25,000+ students)
- Corridor Strength: Riley Children’s Hospital, Eskenazi Health, IU Health, IU-Indianapolis, Starbucks, Cava, Qdoba, City Barbeque, Papa John’s, Panda Express, Chipotle, Donato’s Pizza, & many more
- Operating History: 13+ years of success at this location
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,398 SF
Building Class
B
Year Built
1994
Price
$2,437,196
Price Per SF
$1,016.35
Cap Rate
5.60%
NOI
$136,483
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.73 AC
Opportunity Zone
Yes
Parking
37 Spaces (15.43 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Drive Thru
Property Taxes
| Parcel Number | 49-11-02-160-048.000-101 | Improvements Assessment | $461,700 |
| Land Assessment | $361,500 | Total Assessment | $823,200 |
Property Taxes
Parcel Number
49-11-02-160-048.000-101
Land Assessment
$361,500
Improvements Assessment
$461,700
Total Assessment
$823,200
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Taco Bell | Downtown Indianapolis | 951 Indiana Ave