REIT Sale | Former Checkers | 61K VPD | $124K HH Income | 2 Drive Thrus

Description:

Ri Marketplace Online Auction September 23-25th, 2025
Register to bid on Marketplace:

https://rimarketplace.com/auction/2680/reit-sale-former-checkers-61k-vpd-124k-hh-income-2-drive-thrus?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=retail_2680

Marcus & Millichap and RI Marketplace are pleased to present a vacant, free-standing restaurant QSR/retail building located at 6742 East 82nd Street in Indianapolis, IN 46250 (the “Property”). Formerly occupied by Checkers, the Property is being offered significantly below replacement cost, presenting an attractive opportunity for owner-users or investors to acquire a high-visibility asset in the desirable Castleton Submarket, just off the heavily trafficked I-69, at a compelling basis. FIRST BID MEETS RESERVE!

Built in 2005, the Property features a ±814-square-foot, single-story building on ±0.582 acres (±25,363 SF) with ±10 surface parking spaces. Positioned on the northwest corner of East 82nd Street and Bash Street, the site offers two points of ingress/egress from East 82nd Street which has ±52,394 VPD and one from Bash Street (±9,201 VPD). Previously leased on a triple-net (NNN) basis to Checkers, the Property now presents a value-add leasing opportunity, with CoStar-estimated retail rents ranging from $23-28/SF NNN. Zoned C-4, Community-Regional Commercial District, the site supports a broad range of commercial uses, making it highly adaptable for various end-users or retail redevelopment strategies.

The Property is located within the Castleton Submarket, one of Indianapolis’s premier retail corridors and a dominant regional shopping destination drawing consumers from across the metro area and surrounding counties. Positioned just ±20 minutes northeast of Downtown Indianapolis, the site enjoys exceptional visibility and accessibility via I-69 (±159,299 VPD), I-465, and East 82nd Street—one of the city’s busiest commercial thoroughfares. The immediate area is anchored by Castleton Square Mall, Indiana’s largest shopping center with over 130 stores including Macy’s, JCPenney, and Dick’s Sporting Goods, complemented by adjacent big-box and outparcel tenants such as Costco, Target, Home Depot, Best Buy, and ALDI. This dense trade corridor blends national retailers, specialty shops, restaurants, entertainment venues, and essential services, creating an environment of consistent, high daily traffic and strong consumer spending. Nearby demand drivers further enhance the Property’s strategic positioning. Community Hospital North, with nearly 350 staffed beds, anchors a major healthcare campus serving the northeast Indianapolis region, while Ivy Tech Community College – Downtown enrolls over 18,000 full-time students and thousands more part-time, adding to the area’s steady daytime population. Several corporate office parks, hospitality brands, and large-scale multifamily developments are located within minutes, contributing to a balanced mix of employment, residential density, and visitor traffic. The Castleton Submarket serves a diverse and growing population, with ±52,440 residents within 3 miles and more than 172,000 within 5 miles, along with an average household income exceeding $124,000—figures that reflect both strong buying power and long-term growth potential. These compelling demographics, paired with the Property’s high-profile frontage, multi-directional access, and placement within one of the metro’s most productive retail corridors, create a setting ideally suited for a broad range of re-use opportunities, value-add strategies, and sustained end-user demand.


Bryan P. Jackson
c/o Fisher Auction Company Inc.
License: AU09100175

Documents: