9020 21St St Indianapolis, IN 46229

This exceptional investment opportunity presents a ground lease interest in a Hardee's restaurant located at 9020 East 21st Street, Indianapolis, IN 46229. The 2,880 square foot property, built in 1970, boasts a 100% occupancy rate with a corporate-guaranteed Absolute NNN lease. The current lease, commencing January 1, 2022, and expiring December 31, 2026, has a remaining term of approximately 2.1 years, with a 10% rent increase every five years and lease options available. The asking price is $660,168, representing a price per square foot of $229.22 and an 8.25% cap rate. The property generates a Net Operating Income (NOI) of $54,464. Benefiting from a prime location adjacent to a Home Depot, the property enjoys high visibility and significant traffic counts exceeding 40,000 vehicles per day. The Hardee's location has a long and successful operating history, exceeding 50 years, with consistent lease renewals. This presents a passive income investment with a strong corporate guarantee and below-market rent, offering immediate upside potential at lease expiration. The property is situated in Indianapolis, Indiana, a major metropolitan area and state capital, providing a stable and growing market. The ground lease structure means the tenant is responsible for all taxes, insurance, and common area maintenance, further enhancing the passive income stream for the investor. This is a rare opportunity to acquire a well-established, high-performing QSR property with significant long-term potential.