2841 E. 38th St.

Highlights:

• 12 Years Remaining on a 15-Year Absolute Net Lease with No Landlord Responsibilities
• Corporate Tenant | Corporate Guarantee
• Two, 5-Year Renewal Options with 10% Rental Increases in Each Option
• Situated in Dense Retail Corridor | Walgreens, Save-A-Lot, Dollar General, Family Dollar, McDonald’s, Taco Bell, Subway, & Many More...
• Compelling Location Fundamentals | Walking Distance from Indiana State Fair
• Unparalleled Location | Located in the City of Indianapolis
• Strong Demographics | 255,600+ Residents | $70,300+ AHHI | Within 5-Miles

Description:

Marcus & Millichap is pleased to present the exclusive listing for a Long john Silver’s located at 2841 E. 38th Street in Indianapolis, Indiana. The site constructed in 1969, consists of roughly 2,228 rentable square feet of building space on estimated 0.68 acre parcel of land. This Long John Silver’s is subject to a long term, 15-year triple-net lease, which commenced on May 17, 2018. The annual rent is $33,514. There are two, five year tenant renewal options.

The subject property benefits from being well-positioned in a highly dense retail corridor consisting of national and local tenants, malls, and landmarks, all within close proximity of this property. Major national tenants include: Walgreens, SaveA-Lot, Dollar General, Family Dollar, Goodwill, McDonald’s, Taco Bell, Popeye’s, KFC, Subway, White Castle, O’Reilly Auto Parts, Citgo, BP, as well as many more. This Long John Silver’s also benefits from being just down the street from the Indiana State Fair Grounds, which offers many attractions.

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