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Investment Sale: NNN Lease Laundry & Tan

$550,000

4006 S East Street, Indianapolis, IN 46227

Active
Last Updated: 08/31/2023

4,350 sqft

Building Size

0.303 acres

Lot Area

Details:
Building Size:    4,350 sqft
Lot Area:    0.303 acres
Occupancy:    100%
Units:    1
Highlights:
  • Triple-net Leased Laundromat investment property
  • Current term through 12/31/2030 - 7.5+ years of remaining term
  • CPI Increase beginning 1/1/2026, at 5-year mark of current lease period
  • High traffic, established shopping district location
  • 2.6 million estimated visits to Southern Plaza in last 12 months
  • Excellent laundromat demographics
Description:

Net leased investment property within the established Southern Plaza shopping center on the near Southside of Indianapolis. The subject property is a long standing laundromat location leased through a triple-net lease to an established operator. The property sits adjacent to a GetGo gas station and a Speedway gas station, along the entrance road to Kroger grocery and the 400,000+ SF Southern Plaza Shopping Center.

The subject property is located on the Southwest corner of Hanna Avenue and S East Street on the near south side of Indianapolis. The property sits within the greater Southern Plaza shopping center, a 400,000+ SF regional shopping hub for the south side of Indianapolis, including Kroger, Ross, Harbor Freight, Steak N Shake, GetGo, PNC, Speedway, and many others.

Map:
Documents:
Title
Sale_Brochure.pdf
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Location
Gallery