This Retail Property is no longer advertised on LoopNet.com.

1607 State Road 114 W
North Manchester, IN 46962
 Penguin Point QSR - Absolute NNN Lease · Retail Property For Sale

Restaurants Indiana North Manchester 1607 State Road 114 W, North Manchester, IN 46962

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

Links

Property Taxes

Parcel Numbers
Multiple
  • 85-07-06-100-016.000-001
  • 85-07-06-100-002.000-002
 Improvements Assessment $389,200
Land Assessment $107,600 Total Assessment $496,800

Property Taxes

Parcel Numbers
Multiple
  • 85-07-06-100-016.000-001
  • 85-07-06-100-002.000-002
Land Assessment
$107,600
Improvements Assessment
$389,200
Total Assessment
$496,800
 

  • Listing ID: 19811758

  • Date on Market: 6/6/2020

  • Last Updated:

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

More public record information on 1607 State Road 114 W, North Manchester, IN 46962

The Retail Property at 1607 State Road 114 W, North Manchester, IN 46962 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.

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1607 State Road 114 W, North Manchester, IN for sale Building Photo- Image 1 of 1
Penguin Point Restaurant
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