Nationally Recognized Investment Grade Credit Tenant – The lease is guaranteed by Burger King (S&P: B+ Stable), one of the largest quick service restaurants in the world, with over 14,000 restaurants in approximately 100 countries and U.S. territories.
A+ Real Estate – Outparcel to Home Depot – The subject property is located on the highly visible front pad of a Home Depot anchored shopping center, offering excellent signage and visibility to 31,000+ cars per day.
Long Term Absolute NNN Ground Lease with Rent Growth – The 20-year NNN ground lease (12 years remaining) features 8% rent increases every 5 years in the primary term as well as the (2) 5-year Option Periods.
Attractive Co-Tenants – Burger King is located on a prime front pad with desirable co-tenants like Home Depot, Jimmy John’s, Kohl’s, and New Balance.
Highly Desirable Indianapolis Market – Carmel’s proximity to Indianapolis (13 miles from downtown) makes it one of Indiana’s most sought after communities.
Dense Trade Area – Affluent Demographics – There are over 128,000 residents within a 5-mile radius of the subject property with an average HH Income in excess of $109,000.