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34177545
34177544

5055 West Washington Street, Indianapolis, IN 46241

JY
OH 2018004451
Matthews
KS
OH SAL.2025003799
Matthews
Listed by Matthews
$850,000
2 days on market
Updated 2 days ago

Wendy's | Low Rent | Indianapolis, IN

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 2,995
Cap Rate 5.52%
NOI $46,929
Lease Type Absolute NNN
Remaining Term 3.5
Rent Bumps Yes
Lease Options Three, 5-Year Remaining
Price per SqFt $288
Year Built 2005
Acreage 1.580
Ground Lease Yes

Abs NNN Ground Lease | Kroger Shadow

Investment highlights

• Below-Market Rent with Built-In Upside – Favorable below-market lease rate provides meaningful embedded value and potential rental growth for future ownership.

• Prime Grocery-Anchored Retail Location – Strategically positioned on a highly sought-after Kroger outparcel, benefiting from consistent consumer traffic and strong retail synergy.

• Strong Indianapolis MSA Demographics – Located within the Indianapolis MSA, one of the Midwest’s largest and most resilient economic centers, supported by population growth, a diverse employment base, and healthy retail fundamentals.

• Absolute NNN Ground Lease – Passive investment opportunity featuring an absolute triple-net ground lease structure with no landlord responsibilities and dependable cash flow.

• Proven Long-Term Occupancy – Tenant has successfully operated at this location for more than 20 years, demonstrating a strong commitment to the site and market.

Listing Contacts

JY
OH 2018004451
Matthews
KS
OH SAL.2025003799
Matthews
Listed by Matthews

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$46,929.00
$3,910.75/mo

Valuation Metrics

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DSCR
5.52%
Cap Rate
5.52%
ROI

Map

Zoning

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C5 CommercialGeneral CommercialGeneral Commercial District
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Last updated May 11, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Tax History

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Additional Information

Name
Kyle Matthews
License
RB17001213, RC52200195 (IN)
Brokerage
Matthews Real Estate Investment Services, Inc
Brokerage Phone
(866) 889-0550
Title
Broker of Record
Brokerage Address
1600 West End Ave, Ste. 1500 Nashville, TN 37203
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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