Sun King Brewery Heart of Midtown Carmel 351 Monon Blvd 14,225 SF 4-Star Retail Building Carmel, IN 46032 $8,234,283 ($578.86/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Sun King has approximately 8.5 years remaining. They exercised an early five-year renewal in 2022 extending the lease through May 2033. The tenant rei
- Carmel, the most affluent and densely populated suburb of Indianapolis, has been awarded recent multiple accolades including #2 Best Place to Live in
- Dense surrounding populations of 11,661 within one mile, 68,879 within three miles, and 170,770 within five miles
- Sun King commenced their initial production in 2009. Today Sun King offers products available on tap and in cans throughout Indiana, Illinois, and Fl
- Carmel’s Meridian Street Corridor is home to the second largest concentration of office workers in the state of Indiana. It is home to more than 100 c
- Average household incomes are $108,782 within one mile, $168,646 within three miles, and $161,943 within five miles
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
14,225 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2018
Price
$8,234,283
Price Per SF
$578.86
Cap Rate
6%
NOI
$494,057
Tenancy
Single
Building Height
2 Stories
Building FAR
0.54
Lot Size
0.61 AC
AMENITIES
- Air Conditioning
Walk Score®
Walker's Paradise (92)
Bike Score®
Very Bikeable (77)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $19,652,300 | |
| Land Assessment | $1,080,000 | Total Assessment | $20,732,300 |
