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Dunkin | New 15yr Abs NNN w/ Incrs 5435 E. Thompson Rd

2,100 SF Retail Building Indianapolis, IN 46237 $2,226,000 ($1,060/SF) 5.75% Cap Rate

Investment Highlights

  • New 15-Year Lease | Scheduled Rental Increases | Franchisee Guaranteed | Well-Known & Established Brand
  • Outparcel to East Thompson Shopping Center (134K+ SF) | Strong Tenant Presence with Top Store Visitor Counts
  • Direct Residential Consumer Base
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Located Along Thompson Road | Centralized Location |Drive-Thru Equipped | 2024 Construction | Excellent Visibility

Executive Summary

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, freestanding, drive-thru equipped, Dunkin’ investment property located in Beech Grove, IN (Indianapolis MSA). The tenant recently signed a brand new 15-year lease with 5 (5-year) option periods to extend, demonstrating their commitment to the site. The lease features 1.50% annual rental increases throughout the initial term and options, growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor. Founded in 1950, Dunkin’ is among America’s favorite coffee and baked goods chain with over 13,700 operating stores.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,100 SF
Year Built
2024
Price
$2,226,000
Price Per SF
$1,060
Cap Rate
5.75%
NOI
$128,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Land Acres
0.51 AC
Zoning
C-4 - Community Regional Commercial District
Parking
16 Spaces (7.62 Spaces per 1,000 SF Leased)
Frontage
113 FT on East Thompson Road

Amenities

  • Freeway Visibility
  • Restaurant
  • Signage
  • Drive Thru

Nearby Major Retailers

Starbucks
Kroger
VASA Fitness
Rent-A-Center
Wings Etc.
Planet Fitness
Fifth Third Bank
Fazoli's
Steak ‘n Shake
Waffle House

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
49-15-03-149-009.000-300
Land Assessment
$77,700
Improvements Assessment
$9,200
Total Assessment
$86,900
  • Listing ID: 33157161

  • Date on Market: 9/12/2024

  • Last Updated:

  • Address: 5435 E. Thompson Rd, Indianapolis, IN 46237

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