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Zickler Associates, LLC, is pleased to present the opportunity to acquire leased fee estate interest in a 1.25 +/- acre property improved with 3,500 +/- square foot Arby’s restaurant with drive –thru and 33,000 +/- square foot of paved parking lot located in the heart of downtown Indianapolis, Indiana, the 13th largest city in the U.S. by population in 2007.
The property is uniquely positioned between Eli Lilly and Company (10th largest pharmaceutical company in the world: stock ticker: NYSE:LLY) world headquarters and its expanded campus occupying the Faris buildings (nearly 9,000 employees daily working in these facilities), all within 2 ½ city blocks from the new Lucas Oil Stadium, home of the NFL’s Indianapolis Colts and 2012 Super Bowl, and containing nearly 70,000 seats.
The property benefits from this Arby’s ranking consistently as #1 in sales for Indiana and at the top of the chain with annual gross revenues of $1.9M. There are approximately 120,000 downtown employees within a 1-mile radius. Arby’s is one of only a few drive–thru facilities in the downtown marketplace.
Arby’s is obligated to a long term ground lease with over 10 years of primary term remaining plus 3-5 year renewal periods with no maintenance responsibilities for the landlord.
This offering represents a unique opportunity for a prospective purchaser to acquire leased fee interest in a newly remodeled building within the emerging new growth area of downtown Indianapolis.
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