125 N Dixon Rd - Fast Food FOR SALE


Kokomo, IN 46901
$2,708,904 USD
925-390-8518
125 N Dixon Rd, Kokomo, IN for Sale
$2,708,904 USD
Fast Food - FOR SALE
1/7
null | 6.5% Cap Rate

125 N Dixon Rd
Kokomo, IN 46901


HIGHLIGHTS

  • Absolute NNN Lease – 20-Year Term with Zero Landlord Responsibilities
  • Operated by Wendy’s of Bloomington, Inc.
  • High-Performing Store – Strong Reported Sales
  • Recent Remodel in 2024
  • High-Traffic Intersection – 11,792 VPD on N Dixon Rd & 11,127 VPD on W Sycamore St
  • Surrounded by Major Retail Centers – Markland Mall, Markland Plaza, Kokomo Town Center, and Kokomo Shopping Center

OVERVIEW

The Kase Group is pleased to present the opportunity to acquire a high-performing Wendy’s located in the established retail corridor of Kokomo, Indiana. The property is leased to Wendy’s of Bloomington, Inc., a seasoned regional operator, under a 20- year Absolute NNN lease that commenced in January 2017 and runs through January 2037. The lease features no landlord responsibilities and no renewal options, offering stable long-term income with minimal management. Positioned at the intersection of N Dixon Road (11,792 VPD) and W Sycamore Street (11,127 VPD), the site benefits from excellent visibility, strong frontage, and ease of ingress and egress. The property is surrounded by major national retailers and prominent regional shopping centers, including Markland Mall, Markland Plaza, Kokomo Town Center, and Kokomo Shopping Center. These destinations feature retailers such as Walmart, Sam’s Club, Target, Meijer, Aldi, PetSmart, JoAnn Fabrics, Big Lots, Planet Fitness, and Gabe’s, contributing to a strong and consistent consumer base. In Association with Scott Reid & ParaSell, Inc. | A Licensed Indiana Broker #RC51900187

FOR SALE DETAILS

PRICE

$2,708,904 USD

PRICE/SF

$1,935 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wendy's Absolute NNN Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

45

LAND DETAILS

LAND ACRES

0.95 AC

LAND SF

41,382 SF

ZONING

-

APN/PARCEL ID

34-03-34-226-042.000-002

ASK ABOUT THIS PROPERTY

Jason DenhamThe Kase GroupMore Info
925-390-8518

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Jason DenhamThe Kase GroupMore Info
925-390-8518

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.