Marcus & Millichap closed the sale of a 4,800-square-foot new-construction property in Indianapolis. Krispy Kreme recently signed a 15-year absolute net ground lease at this property.
The building sold for more than $2.68 million.
Nicholas Kanich, vice president of investment in the Net Lease Group at Marcus & Millichap’s Chicago downtown office, had the exclusive listing to market the property on behalf of the seller, a Chicago-based development firm. Josh Caruana, Indiana broker of record, assisted in closing this transaction.
Krispy Kreme is located at 6022 E. 82nd St. in Indianapolis. The property sits at the corner of the main signalized entry to Castleton Square Mall, the largest mall in the state of Indiana. The building features new 2021 construction and a drive-through.
