Retail    

Vacant Red Lobster

 Indianapolis, IN

Asking Price

Unpriced (Contact Broker)

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Large Lot &

Building Size

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#1 Ranked (2023)

"Best State to Start a Business"

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Population (5-Mi)

240K+

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High

Traffic Drivers

For more details on this exclusive listing

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INVESTMENT HIGHLIGHTS

  • Large Lot and Building Size
    The Property benefits from a large 1.58-acre lot and 7,552 sf of usable space for a new tenant. 
  • #1 Ranked "Best State to Start a Business" in 2023
    The combination of low cost of living, low tax rates, and readily available support earned Indiana the Forbes #1 ranking in 2023.
  • Attractive Demographics | Over 240K 5-Mile Population 35M Annualized Traffic Count
    The Property is located in a densely populated suburb, with 241,492 people within a 5-mile population and high traffic counts from I-70 (63,000 Vehicles Per Day) and Shadeland Ave (32,626 Vehicles Per Day).
  • High Traffic Drivers | 1,400 Hotel Rooms within 1-Mi of Property | Neighboring Senior Living Facilities
    The property benefits from several traffic drivers, including the surrounding 11 hotels containing over 1,400 rooms, as well as nearby senior living facilities, attracting crowds from the estimated 800 total rooms near the property. 
  • Surrounded by Suburban Residential and Apartment Communities
    The Property is well positioned in a residential community consisting of several single-family neighborhoods and nearby apartment complexes such as Charleston East Apartments (180+ Units) and Eastgate Terrace Apartments (75+ Units).
  • 1.2-mi from Vertex Solutions (Previously Raytheon) | 600 Employees at Location
    The site is approximately 1.2 miles from Vertex Solutions, a pilot training facility with 600 employees on site every day, increasing daytime traffic near the property. 
  • Retail Synergy | Proximity to National Tenants
    The immediate area surrounding the property creates a bustling commercial and industrial corridor, with national restaurant tenants such as McDonald’s, Burger King, Starbucks, and national auto dealerships such as Chevrolet, Mazda, Nissan, and Honda.

Exclusively Listed By

Mike Philbin

Senior Vice President
  mphilbin@northmarq.com      (858) 877-9847

Enoch Escalera

Investment Sales Analyst
  eescalera@northmarq.com      (971) 351-9232

Maggie Brady

Investment Sales Analyst
  mbrady@northmarq.com      (858) 529-8972

In Association With
Tom Fritz

Lic. #RB14048630

Northmarq

4260 Galewood St. Suite A
Lake Oswego, OR 97035


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