For Sale
$1,299,000

1510 Braewick Dr Marion, IN 46952

Prime Restaurant Space, 6,705 SF, High Visibility

Overview

Added:
Dec 11, 2024
Days on market:
126
Exceptional investment opportunity: a vacant, 6,705-square-foot freestanding restaurant building in Marion, Indiana, available for $1,299,000. This net-lease property boasts a 6.80% cap rate and is situated in a high-traffic area as an outlot of Five Points Mall, ensuring excellent visibility and accessibility. The building features a prominent pylon sign and ample parking, attracting customers easily. The interior is spacious and designed for efficient operation, suitable for various restaurant concepts. Recent improvements include a new HVAC system and roof (both installed in 2024), minimizing immediate maintenance concerns. The property benefits from a 10-year lease with the previous tenant, Yummy Bowl, indicating strong market demand and potential for future lease agreements. Located at 1510 W Braewick Dr, Marion, IN 46952, this property presents a compelling investment opportunity in a thriving community. The price per square foot is $193.74. This is a vacant property, ready for immediate occupancy and customization to suit a new tenant's needs. The property's location offers easy access and strong visibility, making it an ideal location for a successful restaurant venture.

Highlights

  • $1,299,000 asking price for a 6,705 SF net-leased restaurant.
  • NNN lease, currently vacant, with a Yummy Bowl brand tenant.
  • 6.80% cap rate with a $193.74 price per square foot.
  • Features a new HVAC and roof (2024), pylon signage, ample parking, and easy access.
  • Located in a freestanding building in an outlot of Five Points Mall in Marion, Indiana.

Property Details for 1510 Braewick Dr

Property type
Retail properties, Restaurants
Square Feet
6,705 SF

Location Insight

City
Marion
County
Grant
State
Indiana
Latitude
40.5709043
Longitude
-85.6777986
1510 Braewick Dr, Marion, Indiana

FAQs

What type of property is this?
Retail property - Prime Restaurant Space, 6,705 SF, High Visibility
Where is the retail property located?
The property is located at 1510 Braewick Dr Marion, IN.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: $1,299,000 asking price for a 6,705 SF net-leased restaurant.; NNN lease, currently vacant, with a Yummy Bowl brand tenant.; 6.80% cap rate with a $193.74 price per square foot.
How can I contact the broker?
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1510 Braewick Dr
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