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1121 E Market St
Logansport, IN 46947

$1,750,000 USD

Fast Food For Sale  •  4,270 SF

Property Details

  • Property Type Fast Food
  • Total Building Size 4,270 SF
  • Lot Size 0.96 AC
  • Building Class C
  • Year Built 2020
  • Cap Rate 6.29 %
  • Tenancy Single
0 Transit Score
64 Walk Score

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
Cap Rate: 6.29 %

Major Tenants

Tenant SF Occupied Lease End Date
Midwest First Star, Inc. 4,270 SF
Jordan Mulloy 512-768-0380 Sands Investment Group Austin, LLC
Jordan Mulloy 512-768-0380 Sands Investment Group Austin, LLC