971 N State St - Fast Food FOR SALE
North Vernon, IN 47265 |
971 N State St
North Vernon, IN 47265
HIGHLIGHTS
- ABSOLUTE NNN LEASE: Over 11 years remaining on initial 15-year Absolute NNN lease with an attractive 10% rental escalations every 5 years
- TENANT | GUARANTORS: MJB Management Group, LLC is a multi-brand food service operator with a portfolio that includes 2 Dairy Queen & 1 Denato’s Pizza
- SEASONED SALES LOCATION: Successfully open and operating for decades with an attractive 4.12% Rent to Sales Ratio (YE 2024)!
- STRONG INTRINSIC VALUE: Priced below replacement cost with replaceable rents!
- TRAFFIC COUNTS: Excellent visibility/access on N State St, the market’s prime north/south corridor with traffic counts of 23,298 CPD!
- 2025 DEMOGRAPHICS: Total Population (5MI): 16,270| Average Household Income (1MI): $79,714
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
DQ GRILL & CHILL – NORTH VERNON, IN
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Bank, Freestanding, Restaurant
TOTAL BUILDING SIZE
2936
STORIES
1
YEAR BUILT
1995
SPRINKLERS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
40-09-33-120-014.001-004
