Four Tenant Retail Strip - Indianapolis, IN
4335 East 82nd Street, Indianapolis, IN, 46250, US
₩11,288,291,000 | 1,242 m²
Description
Jones Lang LaSalle Americas, Inc. ("JLL") is pleased to offer the opportunity to acquire the single-tenant Cheddar’s Scratch Kitchen in Lafayette, Indiana ("Property" or "Asset"). The Property is operating on an absolute NNN lease with ±9.3 years of primary lease term remaining, 1.50% annual rent escalations, and four, five-year renewal options.
IN Broker of Record: Ken Martin – IN License #: RBI19001364
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Attributes
Asking price
₩7,316,616,000
Cap rate
6.9%
NOI
₩505,253,000
WAULT
9.3 years
Building area net
824 m²
Land area gross
1.45 ha
Media
Investment Highlights
- Absolute NNN lease with ±9.3 years of term remaining and 1.50% annual bumps
- Darden concept with $5.26M in FY2026 sales (6.78 % rent-to-sales)
- Outparcel to the #5 most visited Target in Indiana with 2.0M visits annually
- College town location just 4 miles from Purdue University with 54K students
- Adjacent to Caterpillar’s Lafayette Engine Center with 1,900 employees
- Only Cheddar’s location within a 50+ mile radius
- Frontage along South St, just off I-65 with visibility to 87K VPD
Contact brokers
Cheddar's Scratch Kitchen - Lafayette, IN (0 Properties)
