9940 Pendleton Pike
Indianapolis, IN 46236
Lawrence Commons · Retail Property For Sale

Market Retail Partners is pleased to offer for sale a two-tenant investment opportunity with Aspen Dental and Smoothie King featuring a drive-thru. Aspen Dental and Smoothie King operate on triple-net (NNN) leases. Aspen Dental has successfully operated at this site for over 15 years and recently executed a new 10-year lease at the end of their initial term, showcasing their success at and commitment to this location. Founded in 1998, Aspen Dental is the largest branded dental organization in the world with more than 1,100 independent offices across ±47 states. Founded in 1973, Smoothie King focuses on health, fitness, and wellness-oriented beverages. The brand operates more than 1,300 locations worldwide and continues to be one of the fastest-growing health-focused quick-service restaurant concepts in the United States.
The subject property is a 100% occupied 4,852 square foot two-tenant building leased to two national tenants. Both Aspen Dental and Smoothie King are on long term leases that benefit from rental increases during their primary terms as well as in each option. Aspen Dental has approximately 9 years remaining on a 10-year lease with two, 5-year renewal options. Smoothie King has approximately 2 years remaining on a 10-year initial term with an additional three, 3-year renewal options.

This property is situated on a highly visible corner at the signalized intersection of Pendleton Pike (U.S. 36) and N. Mitthoefer Rd. which has over 29,000 vehicles passing daily. Prominently located outparcel to new construction LA Fitness anchored retail development on primary northeast Indianapolis commercial corridor. Strong traffic generators in the immediate area include the National Guard & Armory, Ivy Tech Community College, YMCA, Triton Brewing Company, Monarch Beverage Company, The Schneider Corporation, Social Security Administration, and the Department of Dense’s DFAS.