Dark Burger King | FOR LEASE OR SALE | 30 Enterprise Dr
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Dark Burger King | FOR LEASE OR SALE 30 Enterprise Dr
3,762 SF Retail Building Pendleton, IN 46064 £841,575 (£224/SF) 4.76% Net Initial Yield
Investment Highlights
- Approximately $92,000 in Remaining Rent Obligations from Carrols Restaurant Group | 3,762 Square Foot Building Located on 1.47-Acre Parcel
- Pendleton's Population has Grown by 24% Since 2020 and Boasts a 5.21% Increase Annually
- Located at I-69 and IN-38 Interchange (Combined VPD 89,576) | Pendleton is 9 Miles from the Hamilton Town Center Exit with the Ruoff Music Center
Executive Summary
Property is Also For Lease - See Agents for Details
Approximately $92,000 in Remaining Rent Obligations from Carrols Restaurant Group | 3,762 Square Foot Building Located on 1.47-Acre Parcel
Prime Location in New I-69 Interchange Master Plan, a 2,325-Acre Development Combining Single- and Multi-Family Residential Areas with Tree-Lined Streets, Retail, Business, and Health and Wellness Districts
Located at I-69 and IN-38 Interchange (Combined VPD 89,576) | Pendleton is 9 Miles from the Hamilton Town Center Exit with the Ruoff Music Center – the Largest Outdoor Venue in Indianapolis
Adjacent to Proposed Retail Strip Center and New Developments: Starbucks, GetGo, McDonald’s, 3 Rivers Credit Union, Hampton Inn & Suites and Community Health Network Medical Office Complex (Under Construction)
Across the Street from New Subway, New Wolfie’s Bar & Grill, New BP, Three New Proposed QSR Restaurants, and a Proposed Multi-Tenant Office Building
Adjacent to the Hamilton Station Apartments | Across the Street from a Future 324 Unit Apartment Complex Development | Over 1,000 New Home Sites Being Built Within One Mile of the Site
Affluent, Booming Suburb of Indianapolis – 10-Mile Average HHI is $109,134 | Pendleton’s Population Has Increased by 24% Since 2020 | Part of the Indianapolis MSA with over 2.1 Million Residents | Indianapolis is the 16th Largest City in the United States
Approximately $92,000 in Remaining Rent Obligations from Carrols Restaurant Group | 3,762 Square Foot Building Located on 1.47-Acre Parcel
Prime Location in New I-69 Interchange Master Plan, a 2,325-Acre Development Combining Single- and Multi-Family Residential Areas with Tree-Lined Streets, Retail, Business, and Health and Wellness Districts
Located at I-69 and IN-38 Interchange (Combined VPD 89,576) | Pendleton is 9 Miles from the Hamilton Town Center Exit with the Ruoff Music Center – the Largest Outdoor Venue in Indianapolis
Adjacent to Proposed Retail Strip Center and New Developments: Starbucks, GetGo, McDonald’s, 3 Rivers Credit Union, Hampton Inn & Suites and Community Health Network Medical Office Complex (Under Construction)
Across the Street from New Subway, New Wolfie’s Bar & Grill, New BP, Three New Proposed QSR Restaurants, and a Proposed Multi-Tenant Office Building
Adjacent to the Hamilton Station Apartments | Across the Street from a Future 324 Unit Apartment Complex Development | Over 1,000 New Home Sites Being Built Within One Mile of the Site
Affluent, Booming Suburb of Indianapolis – 10-Mile Average HHI is $109,134 | Pendleton’s Population Has Increased by 24% Since 2020 | Part of the Indianapolis MSA with over 2.1 Million Residents | Indianapolis is the 16th Largest City in the United States
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,762 SF
Building Class
B
Year Built
2001
Price
£841,575
Price Per SF
£224
Net Initial Yield
4.76%
NOI
£40,075
Tenancy
Single
Number of Floors
1
Building FAR
0.06
Lot Size
1.47 AC
Zoning
Commercial
Parking
55 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Drive Thru
PROPERTY TAXES
| Parcel Number | 48-14-18-900-001.000-013 | Improvements Assessment | £585,736 |
| Land Assessment | £118,061 | Total Assessment | £703,797 |
PROPERTY TAXES
Parcel Number
48-14-18-900-001.000-013
Land Assessment
£118,061
Improvements Assessment
£585,736
Total Assessment
£703,797
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Dark Burger King | FOR LEASE OR SALE | 30 Enterprise Dr
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