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28880175
28880177

5930 E 82nd St, Indianapolis, IN 46250

MM
CA 01732226
SRS Real Estate Partners Newport Beach
PL
CA 01912215, NV S.0169792 (+1)
SRS Real Estate Partners Newport Beach
JC
UT UT 9518385-SA00
SRS Real Estate Partners Salt Lake City
Listed by SRS Real Estate Partners Newport Beach, SRS Real Estate Partners Salt Lake City
$2,627,000
230 days on market
Updated 69 days ago

Dutch Bros | 82nd St (Indianapolis)

Details
APN 49-02-22-126-037.001-400
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 950
Cap Rate 5.5%
NOI $144,500
Occupancy 100%
Tenancy Single
Brand/Tenant Dutch Bros. Coffee
Lease Type Absolute NNN
Rent Bumps Yes
Lease Options 3 (5-Year)
Price per SqFt $2,765
Year Built 2025
Zoning RC Regional Commercial
Parking Spaces 32 spaces
Parking Per SqFt 33.68
Tenant Credit Corporate Guarantee
Ownership Fee simple interest (land & building ownership)

Retail | 5.50% CAP | 950 SqFt

Marketing description

SRS National Net Lease is pleased to offer the opportunity to acquire a fee simple (land & building ownership) in an absolute NNN leased, corporate signed, Dutch Bros Coffee investment property located in Indianapolis, Indiana. The tenant, Boersma Bros, LLC recently signed a brand new 15-year lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for passive investors.

The Dutch Bros Coffee is located along E. 82nd Street, near the heavily trafficked, signalized intersection of E. 82nd Street and Allisonville Road, with a combined traffic count exceeding 390,000 vehicles per day from Interstate 465, Interstate 69, and E. 82nd Street. E. 82nd Street serves as the primary retail corridor for the Castleton submarket of Indianapolis. The property is an outparcel to Castleton Point Shopping Center and sits adjacent to Castleton Square Mall, the largest shopping center in Indiana anchored by Macy’s, Dick’s Sporting Goods, and H&M. Surrounding national/credit tenants include Costco, Lowe’s, Best Buy, Trader Joe’s, Ross, T.J.Maxx, Meijer, and The Home Depot, further strengthening the area’s retail draw. The asset benefits from strong consumer traffic driven by nearby employers such as Community Hospital North, Kindred Hospital, and Roche Diagnostics North America. The 5-mile trade area is supported by a population of 169,700+ residents with an average household income exceeding $124,000.

Investment highlights

  • New Construction | Corporate Signed | Brand Neew 15-Year Lease | 10% Increases Every 5 Years

  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities

  • Prime Retail Corridor | High-Profile Castleton Location

  • Strong Demographics in 5-Mile Trade Area | Affluent Household Incomes | High-Traffic Corridor

Listing Contacts

MM
CA 01732226
SRS Real Estate Partners Newport Beach
PL
CA 01912215, NV S.0169792 (+1)
SRS Real Estate Partners Newport Beach
JC
UT UT 9518385-SA00
SRS Real Estate Partners Salt Lake City
Listed by SRS Real Estate Partners Newport Beach, SRS Real Estate Partners Salt Lake City

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$144,500.00
$12,041.67/mo

Valuation Metrics

0
DSCR
5.5%
Cap Rate
5.5%
ROI

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Additional Information

Name
Kenneth Galvin
License
IN License No. RB15001587
Brokerage
SRS Real Estate Partners, LLC
Title
Broker of Record
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