8134 Southport RdIndianapolis, IN 46259

For Sale
$2,226,000

Fee Simple Dunkin', High ROI

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a fee-simple ownership (land and building) of a brand-new, 2,100 square foot Dunkin' located in Indianapolis, Indiana. Built in 2024, this absolute NNN property boasts a 15-year lease with five 5-year renewal options, featuring 1.5% annual rent bumps, ensuring consistent income growth. The property enjoys 100% occupancy and generates a strong NOI of $128,000, resulting in a 5.75% cap rate. Situated on a 0.62-acre lot with 16 parking spaces, this drive-thru equipped Dunkin' benefits from its prime location at a hard corner intersection of Southport Road and Franklin Road, experiencing high daily traffic volume. The property is an outparcel to a Kroger-anchored center, surrounded by other national retailers including Taco Bell, McDonald's, Meijer, Chick-fil-A, Target, and Menards, ensuring high visibility and customer traffic. The surrounding area is densely populated with affluent residents, boasting average household incomes exceeding $100,000 within a 5-mile radius. The property is zoned C-4: Community Regional Commercial District and has an asking price of $2,226,000. This is a management-free investment opportunity with a strong tenant (franchisee) and a proven track record of success. The property's strategic location, coupled with the long-term lease and built-in rent increases, makes it an ideal addition to any investment portfolio.

Highlights

  • Brand new 15-year lease with scheduled rent increases, guaranteed by a well-known franchisee.
  • Absolute NNN lease with fee simple ownership; zero landlord responsibilities.
  • Strong demographics within a 5-mile radius, serving an affluent residential consumer base.
  • Outparcel in a Kroger-anchored center, part of a larger master-planned development with numerous nearby schools and strong tenant occupancy.
  • High-visibility location at a hard corner intersection, featuring a drive-thru and completed in 2024.

Property Details for 8134 Southport Rd

Property type
Other retail properties, Restaurants
Square Feet
2,100 SF
Year Built
2024
Lot Size (sq. ft)
27,007 SF

Location Insight

City
Indianapolis
County
Marion
State
Indiana
Latitude
39.6667838
Longitude
-86.0215681
8134 Southport Rd, Indianapolis, Indiana

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8134 Southport Rd
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