Listed by Latitude Commercial
$2,300,000
366 S. Indiana St-Church's Chicken
Details
Property Type Retail
Sub Type QSR/Fast Food, Free Standing Building
Square Footage 2,555
Units 1
Cap Rate 6.00%
NOI $138,000
Lease Type Absolute NNN
Lease Term 15
Price per SqFt $900
Class B
Year Built 2022
Acreage 0.900
Investment Type Core
Retail | 6.00% CAP | 2,555 SqFt
Marketing description
Presenting a rare opportunity to acquire a 2,555 SF NNN sale-leaseback property located in the heart of Mooresville, Indiana. This offering provides investors with a true passive income stream, backed by a long-term tenant.
The tenant will execute a 15-year initial lease term at closing with a strong monthly rent of $11,500, with 8% increases each renewal period , ensuring consistent and predictable income growth throughout the hold period. Under the absolute NNN structure, the tenant is responsible for all operating expenses—including taxes, insurance, and maintenance—resulting in minimal landlord responsibilities.
Positioned along S. Indiana Street, the property benefits from excellent visibility, strong local traffic, and proximity to established residential neighborhoods and commercial corridors. This is an ideal opportunity for investors seeking long-term stability, escalating cash flow, and a hands-off management asset in a thriving Indiana market
Mooresville is a town in Brown Township, Morgan County, in the U.S. state of Indiana. The town is notable for being where the current flag of Indiana was created. As of the 2020 census, the town population was 9,411
Investment highlights
- 2,555 SF freestanding commercial building
- NNN sale-leaseback structure with no landlord responsibilities
- Monthly rent: $11,500 at commencement
- 15-year initial term executed at closing
- Renewal period increases: 8%
- Location: 366 S. Indiana Street, Mooresville, IN, with strong visibility and accessibility
Listing Contacts
Listed by Latitude Commercial
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$138,000.00
$11,500.00/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
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