Overview

Description

LONG TERM TENANT | CORPORATE GUARANTEED LEASE WITH STEAK ‘N SHAKE
•Four Years Remaining on an Absolute-Net Lease with a Corporate Guarantee
• Established Location - Steak ‘n Shake Has Operated at This Location for Over 40 Years
• Proven Strong Corporate Guarantee - Over 80 Years in Business
• Long-Term Tenant Paying Rent Approximately 110% Below Market
• Short-Term Lease Allowing for Immediate Upside Realization - No Options After Remaining Four Years
• Allowing New Ownership to Create New Lease
• Large 3,354 Square Foot Building Situated on a 1.67 Acre Lot

AAA LOCATION | IN THE HEART OF BUSTLING INDIANAPOLIS
• Situated on Busy Corner of East 71st Street and Graham Road, Which Oversee a Combined 17,467 Vehicles-Per-Day with Direct Access to I-465 (144,114 VPD) and I-69 (151,521 VPD)
• Property Benefits from 5-Mile Population of 194,784
• Neighboring Retailers Include Kroger, Starbucks, CVS, Verizon, McDonald’s, Chase, Jimmy John’s and More
• Located Less than 5-Miles from Fashion Mall at Keystone, a 710,151 Square Foot Upscale Shopping Center Anchored by Nordstrom and Saks Fifth Avenue and Castleton Square Mall, the Largest Mall in Indiana - 1,261,000 Square Feet, Anchored by Macy’s, JCPenney and Sears
• Just 24 Miles From Indianapolis International Airport - 8.8 Million Visitors in 2017
• Local Schools Include Lawrence North High School (2,300 Students), Heritage Christian School (1,195 Students), Crestview Elementary School (500 Students), Eastwood Middle School (828 Students) and Skiles Test Elementary School (537 Students)
• Booming Toursim - Located Just 13 Miles From the Property is the Indianapolis Motor Speedway, Which Welcomes Over 28.2 Million Visitors Annually, Spending Over $4.9 Million
• Top Employers in a 15-Mile Radius Include Anthem (53,000 Employees), Eli Lilly and Co. (11,000 Employees), Community Health Network (14,000 Employees), and Guidant Corporation (16,314 Employees)
• Major Economic Growth - Area’s Job Market Increase by 2.7% Over the Last Year. Future Job Growth Over the Next Ten Years is Predicted to be 40.9%, Which is Higher than the US Average of 38% - Named Top 5 in the U.S. for Business According to Chief Executive Magazine, 2018

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