1121 E Market St - Fast Food FOR SALE
Logansport, IN 46947 |
$1,750,000 USD
512-768-0380
1121 E Market St
Logansport, IN 46947
HIGHLIGHTS
- 20-Year Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities to Begin at the Close of Escrow
- Strong Hedge Against Inflation With 6.5% Rent Increases Every Five (5) Year
- Strong Parent Level Guarantee From Midwest First Star, Inc. - a Proud Hardee’s Franchisee Operating 31 Locations in Indiana, Ohio & Etc.
- New 2020 Construction With Drive-Thru
- Located 2 Blocks Off of E Broadway, the Main Thoroughfare Through Logansport
- Limited Retail/Fast Food Competition
OVERVIEW
Sands Investment Group is Pleased to Present Exclusively For Sale the 4,270 SF Hardee's Located at 1121 East Market Street in Logansport, IN. This Deal Includes a Desirable Long-Term 20-Year Absolute Triple Net (NNN) Sale Leaseback With Zero Landlord Responsibilities, Providing For a Unique Investment
In Cooperation With Sands Investment Group Indiana, LLC - Lic. #RC52000211 BOR: Andrew Ackerman Lic. IN #RB20001918
FOR SALE DETAILS
PRICE
$1,750,000 USD
PRICE/SF
$410 USD /SF
CAP RATE
6.29%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Hardee's - Logansport, IN
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2020
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.96 AC
LAND SF
41,818 SF
ZONING
-
APN/PARCEL ID
09-17-44-436-002.000-010
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512-768-0380
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512-768-0380
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