1630 E Southport Rd | Indianapolis, IN 46227
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- LoopNet Team
1630 E Southport Rd
Indianapolis, IN 46227
Corporate Papa John's Pizza · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Subject property is a District HQ restaurant for Papa John's Pizza
- Tenant has invested significantly in TI work in the last five years, demonstration commitment to subject property
- Corporate Guaranteed Lease (NASDAQ: PZZA) - Full 2020 Revenue: Up 12% over 2019; Comparable Sales up 17.6% in North America and 12.6% Internationally
- Ground Lease recently renewed for 10 years - Tenant has been there since 1997
- Excellent location on thoroughfare Southport Rd. among dense residential neighborhood - 3 mile population 91,994
- Papa John's gained 8 million new customers in the US during the pandemic
PROPERTY FACTS
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,066 SF
Building Class
C
Year Built/Renovated
1975/2008
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.78 AC
Zoning
ZO01
Parking
40 Spaces (8.38 Spaces per 1,000 SF Leased)
Frontage
287’ on E Southport Rd
AMENITIES
- Drive Thru
PROPERTY TAXES
| Parcel Number | 49-15-07-154-006.000-500 | Improvements Assessment | $163,700 |
| Land Assessment | $91,800 | Total Assessment | $255,500 |
PROPERTY TAXES
Parcel Number
49-15-07-154-006.000-500
Land Assessment
$91,800
Improvements Assessment
$163,700
Total Assessment
$255,500
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