Property History
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Investment Highlights
- Passive Investment Opportunity – ±3.25 years remaining on an initial 15 year Absolute NNN lease with Buffalo Wild Wings (Operator: World Wide Wings LLC)
- National Tenant – Started in 1982, Buffalo Wild Wings has since grown to 1,300+ locations, 9 global markets, and is the LARGEST sports bar brand in the United States.
- Absolute NNN Lease with Zero Landlord Responsibilities – Tenant is responsible for maintaining roof, structure, and parking lot.
- Nearby National Tenants (Excellent retail corridor) – This property is located on cross roads E 62nd St (±13,300 VPD) and N Keystone Ave (±25,100 VPD), a prime retail thoroughfare in Indianapolis MSA. National Credit Tenants nearby include Target, Lowe's, Chick-fil-a, Taco Bell, Panera, KFC, Culver's, Walgreens, etc.
- Developmental Growth – Massive new construction apartment complex across the street with 267 units, built in 2021.
- Incredible Surrounding Area – ±8 Miles from Downtown Indianapolis, Glendale Town Center outparcel, nearby Butler University, Glendale 12 Theatre.
- Rare Annual Rental Increases – 1.65% rental increases annually.
- Densely Populated Area (2025) – ±72,549 in a 3-mile radius, ±219,193 in a 5-mile radius, ±839,130 in a 10-mile radius.
- Affluent Area in Indianapolis – Average household incomes north of $109,000 in a 1-mile radius and an average household incomes north of $144,000 in a 3-mile radius.
- Seasoned Operator – World Wide Wings, based in Vancouver, WA now has 60+ locations nationally in Indiana, Florida, Washington, California, Oregon, and Illinois. This demonstrates a proven track record for the distinguished brand, while boosting confidence for potential investors.
- Growing Indianapolis Market – Indianapolis is the 16th most populated city in the United States. Ranked 4th City in U.S. for emerging hotspots in CRE.
- Home to Butler University – Close proximity to Butler University, 5,000+ students, $1B+ Regional Economic Impact, #1 Regional Midwest University.
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Asking Details
Asking Cap Rate
Investment Highlights
- Triple Net Lease (NNN) | Zero Landlord Responsibilities.
- Hard Corner Location | Pad to Glendale Town Center -Anchored by Target & Lowe's | Multiple Points of Access.
- 9.5+ Years Remaining on Original 15 Year Lease | 1.65%Annual Rent Increases.
- Four (4), Five-Year Renewal Options with 1.65% Annual Rent Increases.
- Median Household Income within 3-Mile Radius: $92,950.
- Population within 5-Mile Radius Exceeds 213,900.
- High Growth Market | Greater Indianapolis Metropolitan Statistical Area.
- Combined Traffic Counts from N Keystone Ave and E 62nd St Exceed 60,240 VPD.
- Investment Property Surrounded by Major National Retailers: Target, Lowe's, Meijer, Chick-fil-A, CVS Pharmacy, Walgreens, Taco Bell, Panera Bread, Starbucks, Staples, Wendy's, LA Fitness, Pet Supplies Plus, and many more.
Link To Drone Video
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Asking Details
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Marketing Description
Fortis Net Lease is proud to present a Buffalo Wild Wings restaurant located at 2747 E. 62nd Street in Indianapolis, IN. The 15 year absolute NNN lease has four, five year options with 1.65 percent annual rent increases including each option period. The subject property provides an investor with a stable long term, management-free income stream.
The subject property is an out parcel to Glendale Town Center with anchor tenants including Macy's, Staples, Landmark Theatre, Target and Lowe's. Some of Indianapolis’ most exclusive and desirable neighborhoods are located within the Glendale trade area. In addition to retail, Glendale also offers community services that attract more than 60,000 people per month for either community services, doctor appointments, classes, events, or movies. Some of these include the Glendale Branch of the Marion County Public Library, School on Wheels, ATI Physical Therapy, and the IU Medical Group. There are over 213,000 residents within five miles and the average household income within three miles is over $92,000. The median home value within three miles exceeds $210,000.
The subject property is an out parcel to Glendale Town Center with anchor tenants including Macy's, Staples, Landmark Theatre, Target and Lowe's. Some of Indianapolis’ most exclusive and desirable neighborhoods are located within the Glendale trade area. In addition to retail, Glendale also offers community services that attract more than 60,000 people per month for either community services, doctor appointments, classes, events, or movies. Some of these include the Glendale Branch of the Marion County Public Library, School on Wheels, ATI Physical Therapy, and the IU Medical Group. There are over 213,000 residents within five miles and the average household income within three miles is over $92,000. The median home value within three miles exceeds $210,000.
Investment Highlights
- Absolute NNN Lease | No Landlord Responsibilities
- 1.65% Annual Rent Increases
- 5 Mile Population Exceeds 213,000 Residents
- 2.13% Projected Population Growth Within 5 Miles by 2023
- Median Home Value Within 3 Miles Exceeds $210,000
- Average Household Income Within 3 Miles Exceeds $92,000
- Lease Guaranteed By A 67 Unit Franchisee
- The Subject Property is Situated on an Out Parcel to Glendale Town Center Anchored by Macy's, Staples, Landmark Theatre, Target and Lowe's
Loan History
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****** Data
Net Operating Income
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Tax History
Contact Information
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Ownership Information
Property Details
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