366 S Indiana St - Fast Food FOR SALE


Mooresville, IN 46158
$2,300,000 USD
219-864-0200
366 S Indiana St, Mooresville, IN for Sale
$2,300,000 USD
Fast Food - FOR SALE
1/3
null | 6% Cap Rate

366 S Indiana St
Mooresville, IN 46158


HIGHLIGHTS

  • Absolute NNN lease with zero landlord responsibilities
  • 15-year initial term with 8% renewal increases
  • Strong monthly rent of $11,500 backed by a global QSR brand
  • Prime location with excellent visibility and high traffic counts
  • Surrounded by major national retailers and dense residential base

OVERVIEW

This offering presents a rare opportunity to acquire a newly constructed, 2,555 SF freestanding retail property in the heart of Mooresville, Indiana. Anchored by Church’s Chicken, a globally recognized quick-service brand with over 1,500 locations worldwide, the asset is secured by a 15-year absolute NNN lease commencing at closing. Investors will benefit from a true passive income stream with zero landlord responsibilities, a strong monthly rent of $11,500, and scheduled 8% increases at each renewal period, ensuring predictable cash flow and long-term stability. Strategically positioned along S. Indiana Street, the property enjoys excellent visibility and accessibility, complemented by robust traffic counts and proximity to established residential neighborhoods and thriving commercial corridors. The surrounding area features national retailers and service providers, reinforcing the site’s appeal and consistent customer draw. With Mooresville’s growing population and household incomes exceeding $100,000 within a five-mile radius, this investment offers a compelling combination of location strength, tenant quality, and hands-off management in a dynamic Indiana market.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$900 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.9 AC

LAND SF

39,153 SF

ZONING

-

APN/PARCEL ID

55-01-36-320-001.002-005

ASK ABOUT THIS PROPERTY

Brett McDermottLatitude CommercialMore Info
219-864-0200

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Brett McDermottLatitude CommercialMore Info
219-864-0200

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