June 16, 2022 – Brian Ahrens and Mark Brockwell of Horvath & Tremblay have successfully completed the sale of Fresh Thyme in Indianapolis, Indiana. Horvath & Tremblay exclusively represented the buyer in this transaction at a sale price of $10,150,000.
Fresh Thyme is located at 9040 Rockville Road in Indianapolis, Indiana. The stand-alone building was constructed for Fresh Thyme in 2016 and contains 28,744 square feet on a 2.08 acre-lot. Fresh Thyme has 9+ years remaining on their NN Lease with four (4), 5-Year Renewal Option. Fresh Thyme’s lease also calls for attractive rental increases every five years throughout both the primary lease term and at the start of each renewal option. Fresh Thyme is strategically located and visible along Rockville Road (US Highway 36). US Highway 36 is a primary east-west thoroughfare running through the Indianapolis MSA with traffic counts of 38,884 vehicles per day near the site. The Property is also three miles west of Interstate 465 with 130,303 vehicles per day near the site. The asset’s location is ideally positioned near these major arteries and provides residents of neighboring communities with convenient access to the site.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.