6416 West Washington Street
New 10-Yr Renewal | Near Indianapolis International Airport
Marketing description
- New 10-Year Renewal on a Net-Leased Restaurant (Jordan's Fish & Chicken)
- Scheduled Five Percent Rental Increase on January 1, 2027,Followed by Three Percent Annual Increases Commencing July 2027
- Features a Drive-Thru, Which Enhances Operational Flexibility and Long-Term Tenant Appeal
- One Mile from Indianapolis International Airport, Which is the Most Visited Airport in Indiana and Attracts 12.2 Million Annual Visitors (Placer.ai)
- 0.5 Miles from Interstate 465, Which Sees 160,941 Vehicles per Day
- Notable Retailers in the Area Include Goodwill, Dollar General, Jimmy John’s, Arby’s, Sherwin-Williams, Hardee’s, Emporium Flea Markets, Ace Hardware, Family Dollar, Dollar Tree, Advance Auto Parts, Fazoli’s and More
- Abundance of Hotels Within a Three-Mile Radius, Including Crowne Plaza, Delta Hotels, Courtyard by Marriott, Hyatt Place, Residence Inn by Marriott, Red Roof, La Quinta, Comfort Suites, Baymont, Candlewood Suites, Fairfield Inn by Marriott, Holiday Inn, and Wingate by Wyndham
Investment highlights
Jordan’s Fish & Chicken is a net-leased restaurant that has operated at this location since 2020 and recently executed a new 10-year lease renewal. The lease includes a five percent rent increase effective January 1, 2027, followed by annual three percent rent escalations, supporting consistent NOI growth throughout the lease term. The property is strategically located near Indianapolis International Airport and just off Interstate 465 (160,941 vehicles per day), offering excellent regional accessibility and visibility. Additionally, the site benefits from frontage along Route 40/Washington Street (31,154 vehicles per day), further enhancing exposure to daily traffic. Surrounded by national retailers, schools, and a dense hotel corridor, the property enjoys strong consumer traffic. The site also features a drive-thru, enhancing operational flexibility and long-term appeal. The immediate trade area is supported by a strong base of both residents and employees, creating consistent demand and reinforcing the property’s long-term viability as a retail investment.
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