7326 Pendleton Pike, Lawrence, IN 46226

Marcus & Millichap & Zickler Associates are pleased to present the opportunity to acquire a dual-tenant retail investment located at 7326–7339 Pendleton Pike in Lawrence, Indiana—part of the rapidly expanding Indianapolis MSA. The ±4,743-square-foot property is occupied by nationally recognized tenants Wingstop and AT&T, both operated by experienced multi-unit franchisees. Built in 2016, the building sits on ±0.79 acres and includes additional passive income via a billboard ground lease with Lamar Advertising.

Both tenants are under NNN leases with limited landlord responsibilities (roof, structure, and parking lot), providing predictable income and long-term stability. Combined base rent exceeds $124,000 annually, with rental increases every five years. The property also benefits from a highly visible location along Pendleton Pike (±23,582 VPD) and is adjacent to major regional retailers including Menards, CVS, Chase Bank, AutoZone, and Waffle House.

The surrounding 5-mile radius includes more than 200,000 residents with average household income exceeding $80,000. Located just 10 miles from downtown Indianapolis and minutes from I-465 (±162,541 VPD), this offering provides investors with an 8.00% cap rate, strong existing cash flow, and long-term upside through lease renewal and billboard income growth.