Address: 2080 West Main Street, Greenfield, Indiana, United States 46140
Cap Rate: 6.00%
Lease Type: Triple Net (NNN)
Annual Rent: $41,357
Net Operating Income: $41,357
Lease Term Remaining: 14.0 Years
Rental Increases: 10% Every 5 Years
Year Built: 1975
Rentable Sq/Ft: 1,880 SF
Rent Sq/Ft: $22
Price Sq/Ft: $367
Lot Size: +/- 0.6 Acres
Marcus & Millichap is pleased to present the exclusive listing for a Long john Silver’s located at 2080 West Main Street in Greenfield, Indiana. The site constructed in 1975, consists of roughly 1,880 rentable square feet of building space on estimated 0.62 acre parcel of land.
This Long John Silver’s is subject to a long term, 15-year triple-net (NNN) lease, which commenced on May 17, 2018. The annual rent is $41,357. There are two (2), five (5)-year tenant renewal options.
The subject investment property is situated on West Main St., which boasts average daily traffic counts exceeding 13,440 vehicles respectively. West Main St. intersects with N. State St., which brings an additional 25,580 vehicles into the immediate area on average daily. There are more than 21,488 individuals residing within a three-mile radius of the property and more than 32,780 individuals within a five-mile radius.
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: Walmart, Home Depot, Kroger, Walgreens, CVS Pharmacy, Sears, Dollar General, Dollar Tree, McDonald’s, Burger King, Wendy’s, KFC, Taco Bell, Applebee’s, Popeyes, Steak ‘n Shake Hardee’s, Advance Auto Parts, as well as many more. This Long John Silver’s also benefits from being just down the street from the Hancock County Fairgrounds and Hancock Regional Hospital.
Greenfield is a city and the county seat, in Hancock County, Indiana. Greenfield is just east of Indianapolis and is a part of the Indianapolis Metropolitan Area. Greenfield was a stop along the Pittsburgh, Cincinnati, Chicago and St. Louis Railroad, which connected Pittsburgh to Chicago and St. Louis. Greenfield is located centrally in Hancock County and U.S. Route 40 passes through the center of the city as Main Street, and leads to downtown Indianapolis. The city has a historic downtown district which has parks and which the Brandywine River flows. The city also features Riley Park, named after James Whitcomb Riley, home to the Riley Festival in October. This festival features a school parade through the downtown area. Other historic places in Greenfield are the Charles Barr House, Greenfield Courthouse Square Historic District, Greenfield Residential Historic District, James Whitcomb Riley House, which are all listed on the National Register of Historic Places. Greenfield is apart of the Greenfield-Central Community School Corporation, which consists of four elementary schools, two intermediate schools, one junior high school, and one high school. Some notable businesses in Greenville are Avery Dennison, Covance, Hallmark, Hancock Regional Hospital, and Stanley Black & Decker.
Broker of Record: Josh Caruana License #RB14034355