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1607 State Road 114 W
North Manchester, IN 46962

Penguin Point QSR - Absolute NNN Lease · Retail Property For Sale

Investment Highlights

  • A new, corporate owned Penguin Point Quick Service Restaurant - Sale Leaseback - Absolute Triple-Net (NNN) Lease Investment Property
  • Corporate Net Sales increased by 23.3% from 2018 to 2019.
  • Cap Rate of 7.25% with Annual Rent Increases of 1.5%
  • Corporate Net Sales are on pace to INCREASE by 19% from 2019 to 2020, in the midst of COVID-19.
  • Drive-thru Service

PROPERTY FACTS

Property Type
Retail
Property Subtype
Restaurant
Building Size
2,387 SF
Building Class
C
Year Built/Renovated
1975/2020
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.35 AC

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 85-07-06-100-002.000-002
  • 85-07-06-100-016.000-001
Land Assessment
$153,007
Improvements Assessment
$404,275
Total Assessment
$557,282
  • Listing ID: 19811758

  • Date on Market: 2020-06-06

  • Last Updated:

  • Address: 1607 State Road 114 W, North Manchester, IN 46962

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