An exceptional opportunity presents itself with the offering of 505 Main Street, a meticulously renovated commercial asset situated at the heart of Beech Grove’s historic and highly trafficked Main Street corridor. The property is secured by a Triple Net (NNN) lease with an exemplary salon tenant whose operational performance is outstanding and whose rental obligations are current. This long-term lease extends through May 31, 2029, providing a stable and predictable income stream for years to come.

The lease commenced at a base rate of $15 per square foot with an adjustable CAM of $5 per square foot. Annual rents escalate by three percent beginning in Year Two, with Year Two rent at $32,720, Year Three at $33,456, Year Four at $34,224, and Year Five at $35,008. With the tenant responsible for taxes, insurance, and maintenance, ownership offers a truly passive investment structure with minimal landlord involvement.

The building has undergone a complete transformation under the direction of the seller, a highly regarded general contractor whose expertise is evident in every aspect of the renovation. Modern systems, refined finishes, and an intelligent layout have been incorporated to ensure longevity, functionality, and aesthetic appeal.

Positioned prominently along Main Street, the property commands exceptional visibility to consistent daily vehicular traffic while benefiting from robust pedestrian activity generated by neighboring restaurants, cafés, boutiques, and professional services. This vibrant commercial environment fosters strong tenant performance and long-term stability.

Beech Grove itself is a community on the rise—combining small-town character with immediate access to downtown Indianapolis. A revitalized Main Street, engaged civic leadership, and a steady influx of new businesses and residents have created a pro-business climate and a compelling investment landscape. Continued infrastructure improvements and thoughtful urban planning further reinforce the city’s upward trajectory.

In this context, 505 Main Street represents a rare alignment of location, tenant quality, and secure lease terms. It delivers both immediate cash flow and the potential for long-term appreciation, making it an asset of distinction for the discerning investor seeking prestige, stability, and performance in a truly turnkey format.