6883 Us Highway 36Avon, IN 46123

For Sale
$2,461,000

High-Yield NNN Lease, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
90
This exceptional investment opportunity presents a 710 square foot, single-tenant, absolute NNN leased property housing a 7 Brew Coffee shop. Located at 6883 E US Hwy 36 in Avon, Indiana, this 2024-built QSR boasts a strong 6.50% cap rate and a compelling asking price of $2,461,000 ($3,466.20/sq ft). The property sits on a 0.91-acre lot and benefits from a new 15-year lease with a national franchisee, 7 Venture, who currently operates 37 stores across multiple states and plans significant expansion. The lease includes 10% rent increases every five years throughout the initial term and option periods, minimizing landlord responsibilities. This prime location enjoys high visibility, situated across from a Kroger and McDonald's, adjacent to a new Taco Bell and Bank of America. High traffic counts of approximately 32,000 vehicles daily on US Hwy 36 and 14,000 on SR 267, coupled with strong demographics (average household incomes exceeding $116,000 within a five-mile radius and populations exceeding 116,000 within the same radius), ensure a robust and stable investment. This is a rare opportunity to acquire a high-performing, low-maintenance asset in a thriving market. The property's strong tenant, favorable lease terms, and excellent location make it an ideal addition to any investment portfolio.

Highlights

  • New 15-year absolute net lease with no landlord responsibilities.
  • Nationally prominent 7 Brew franchisee tenant (7 Venture) operating 37 stores.
  • 10% rent increases every five years throughout the initial lease term and option periods.
  • Excellent location across from Kroger and McDonald's, adjacent to new Taco Bell and Bank of America.
  • High traffic counts: ~32,000 vehicles daily on Rockville Rd (US 36) and ~14,000 on Avon Avenue (SR 267).
  • Strong demographics: Average household incomes exceeding $116,000 within one mile, and over $137,000 within three miles.

Property Details for 6883 Us Highway 36

Property type
Other retail properties, Restaurants
Square Feet
710 SF
Year Built
2024
Lot Size (sq. ft)
39,640 SF

Location Insight

City
Avon
County
Hendricks
State
Indiana
Latitude
39.7622092
Longitude
-86.4021902
6883 Us Highway 36, Avon, Indiana

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6883 Us Highway 36
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