August 26, 2022 – Zach Smith of Horvath & Tremblay has successfully completed the sale of a Domino’s in Indianapolis, Indiana. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $1,000,000.
Domino’s is located at 843 N Capitol Avenue in Indianapolis, Indiana. The stand-alone building consists of 1,500 square feet and sits on a 0.18-acre lot. Domino’s signed a 15-year Absolute NNN Lease with four (4) 5-Year renewal options upon close of escrow. The lease calls for 10% rent increases every 5-years throughout the base term and at the start of each renewal option period. The property is positioned at the intersection of W 9th Street and N Capitol Avenue in the heart of Indianapolis’s Central Business District. The Property enjoys outstanding visibility and is 0.4-miles from Interstate 65, 1-mile from Indiana University, and 1.5-miles from Lucas Oil Stadium, home of the NFL’s Indianapolis Colts. The Property is surrounded by businesses, retailers, and apartment buildings providing a convenient location for area residents, Indiana University students, and employees working in the immediate area.
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.