236 N 13th St - Fast Food FOR SALE


Decatur, IN 46733
$1,401,418 USD
310-486-9900
236 N 13th St, Decatur, IN for Sale
$1,401,418 USD
Fast Food - FOR SALE
1/3
null | 5.85% Cap Rate

236 N 13th St
Decatur, IN 46733


HIGHLIGHTS

  • Long-Term NNN Lease With 2% Annual Increases
  • Prime Decatur Location With ±20,078 Vehicles Per Day
  • Surrounded by National Retail Anchors
  • Growing Decatur Market With Major Developments
  • Part of Fort Wayne MSA With Strong Demographics
  • Globally Recognized QSR Brand

OVERVIEW

Marcus & Millichap is pleased to present the opportunity to acquire a freestanding Dairy Queen Grill & Chill located at 236 N 13th Street in Decatur, Indiana. The property is subject to a long-term absolute NNN lease with approximately 14 years remaining, featuring 2% annual rent increases and four (4) five-year renewal options. The lease is backed by a high net worth personal guaranty, offering investors truly passive, long-term cash flow with zero landlord responsibilities. The ±2,437-square-foot building sits on a ±0.54-acre parcel along North 13th Street, a high-traffic corridor with ±20,078 vehicles per day, connecting directly to U.S. Highway 27 and the Fort Wayne MSA. The site benefits from excellent visibility, convenient ingress/egress, and strong daily traffic from commuters, families, and students. Nearby anchors include Walmart Supercenter, Kroger, CVS, Tractor Supply, and McDonald’s, ensuring durable customer demand and consistent sales performance. Decatur is experiencing notable growth, including the new Adams Health Network Outpatient Campus, a major street and sidewalk infrastructure program, and an $8.5 million downtown square revitalization project. These developments enhance accessibility, strengthen the trade area, and increase visitation. With a 5.85% cap rate, $81,984 NOI, and a globally recognized QSR brand backed by Berkshire Hathaway, this Dairy Queen represents an attractive opportunity for investors seeking yield, brand strength, and passive income in a stable Midwest market.

FOR SALE DETAILS

PRICE

$1,401,418 USD

PRICE/SF

$575 USD /SF

CAP RATE

5.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dairy Queen | ±14 Years Remaining

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

78

LAND DETAILS

LAND ACRES

0.54 AC

LAND SF

23,522 SF

ZONING

Commercial

APN/PARCEL ID

01-05-03-107-004.000-022

ASK ABOUT THIS PROPERTY

Robert NarchiMarcus & MillichapMore Info
310-486-9900

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Robert NarchiMarcus & MillichapMore Info
310-486-9900

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