Carmel, IN Retail Property For Sale

Attractive, free-standing two-story building located in the heart of downtown Carmel. Easy walking distance to numerous apartments, restaurants, and recreational amenities, such as: Midtown Plaza, Carmel Arts & Design District, Monon Trail, City Center. First floor space perfect for high-end retail, medical office, or spa. Second floor office space with separate entrance. Easy curbside customer parking and additional city-owned parking behind/north of building.

2 Parcels

Arts & Design District

2745 SF Main Level

378 SF Finished Lower Level

Ample Public Parking Available

"Olive Garden"

Rare Opportunity!!! Attention Investors, don't miss this opportunity to acquire this extremely well located, Oliver Garden leased property, located in the beautiful city of Carmel, Indiana (North Indianapolis suburb). The NNN Lease has just under six years remaining in the primary 15-year lease term, which has 1% rental increases each year, plus 5 x 5-year Lease extensions with 1% rental increases each year in the 2nd & 3rd Lease Extensions. Olive Garden is owned by Darden Restaurants LLC, which has a BBB, S & P credit rating which is investment grade!! The current net operating income (NOI) is $234,543 per year, so available at a 6.18 % Cap Rate!!!

Average Daily Traffic 30,000 vehicles per day!!!

Thank you, Chip & Jack,

Chip Sprigg 502-797-6281 or [email protected]

Jack Foley 859-221-4080 or [email protected]