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6416 West Washington Street
Indianapolis, IN 46241
Asking Price
$659K
Cap Rate
7.65%
Asset Type
Restaurant Retail
Class
Class B
What's Special
New 10-Yr Renewal | Near Indianapolis International Airport <p><span style="color: rgba(0, 30, 69, 1)">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
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NOI
$80,000
Cap Rate
12.14%
DSCR
2.04
Strong
Cash-on-Cash
20.68%
Monthly Payment
$3,260.372
Annual Cash Flow
$40,875.531
