912 State Road 229 - Fast Food FOR SALE


Batesville, IN 47006
$1,800,000 USD
219-864-0200
912 State Road 229, Batesville, IN for Sale
$1,800,000 USD
Fast Food - FOR SALE
1/3
null | Request Cap Rate

912 State Road 229
Batesville, IN 47006


HIGHLIGHTS

  • 2,314 SF freestanding Church’s Chicken on a prime commercial corridor
  • NNN sale-leaseback with zero landlord responsibilities
  • Tenant to execute a new 15-year lease at closing
  • $9,000/month starting rent, providing stable long-term income
  • One (1) five-year renewal option included in the lease with 8% rental escalation

OVERVIEW

912 State Road 229 presents a premier NNN sale-leaseback opportunity with a nationally recognized quick-service restaurant operator. This 2,314 SF freestanding Church’s Chicken is strategically positioned along a high-visibility commercial corridor in Batesville, Indiana, offering stable, long-term cash flow backed by a seasoned operator. At closing, the tenant will execute a new 15-year absolute NNN lease, providing investors with zero landlord responsibilities. The initial monthly rent is $9,000, delivering strong income from day one, with a structure designed for long-term income growth. The lease includes one (1) five-year renewal option featuring 8% annual rent increases, ensuring consistent appreciation throughout both the initial term and option period. This asset is ideal for investors seeking durable, predictable returns, minimal management, and a recession-resilient tenant in the thriving QSR sector.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$486 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1976

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.65 AC

LAND SF

28,488 SF

ZONING

-

APN/PARCEL ID

69-02-20-112-006.000-017

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.