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Dairy Queen | ±14 Years Remaining 236 N 13th St 2,437 SF Retail Building Decatur, IN 46733 $1,401,418 ($575.06/SF) 5.85% Cap Rate
INVESTMENT HIGHLIGHTS
- Long-Term NNN Lease With 2% Annual Increases
- Surrounded by National Retail Anchors
- Part of Fort Wayne MSA With Strong Demographics
- Prime Decatur Location With ±20,078 Vehicles Per Day
- Growing Decatur Market With Major Developments
- Globally Recognized QSR Brand
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present the opportunity to acquire a freestanding Dairy Queen Grill & Chill located at 236 N 13th Street in Decatur, Indiana. The property is subject to a long-term absolute NNN lease with approximately 14 years remaining, featuring 2% annual rent increases and four (4) five-year renewal options. The lease is backed by a high net worth personal guaranty, offering investors truly passive, long-term cash flow with zero landlord responsibilities.
The ±2,437-square-foot building sits on a ±0.54-acre parcel along North 13th Street, a high-traffic corridor with ±20,078 vehicles per day, connecting directly to U.S. Highway 27 and the Fort Wayne MSA. The site benefits from excellent visibility, convenient ingress/egress, and strong daily traffic from commuters, families, and students. Nearby anchors include Walmart Supercenter, Kroger, CVS, Tractor Supply, and McDonald’s, ensuring durable customer demand and consistent sales performance.
Decatur is experiencing notable growth, including the new Adams Health Network Outpatient Campus, a major street and sidewalk infrastructure program, and an $8.5 million downtown square revitalization project. These developments enhance accessibility, strengthen the trade area, and increase visitation. With a 5.85% cap rate, $81,984 NOI, and a globally recognized QSR brand backed by Berkshire Hathaway, this Dairy Queen represents an attractive opportunity for investors seeking yield, brand strength, and passive income in a stable Midwest market.
The ±2,437-square-foot building sits on a ±0.54-acre parcel along North 13th Street, a high-traffic corridor with ±20,078 vehicles per day, connecting directly to U.S. Highway 27 and the Fort Wayne MSA. The site benefits from excellent visibility, convenient ingress/egress, and strong daily traffic from commuters, families, and students. Nearby anchors include Walmart Supercenter, Kroger, CVS, Tractor Supply, and McDonald’s, ensuring durable customer demand and consistent sales performance.
Decatur is experiencing notable growth, including the new Adams Health Network Outpatient Campus, a major street and sidewalk infrastructure program, and an $8.5 million downtown square revitalization project. These developments enhance accessibility, strengthen the trade area, and increase visitation. With a 5.85% cap rate, $81,984 NOI, and a globally recognized QSR brand backed by Berkshire Hathaway, this Dairy Queen represents an attractive opportunity for investors seeking yield, brand strength, and passive income in a stable Midwest market.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,437 SF
Building Class
C
Year Built/Renovated
1995/2015
Price
$1,401,418
Price Per SF
$575.06
Cap Rate
5.85%
NOI
$81,984
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.54 AC
Zoning
Commercial
Parking
78 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
Walk Score®
Very Walkable (73)
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 01-05-03-107-004.000-022 | Improvements Assessment | $214,200 |
| Land Assessment | $68,000 | Total Assessment | $282,200 |
PROPERTY TAXES
Parcel Number
01-05-03-107-004.000-022
Land Assessment
$68,000
Improvements Assessment
$214,200
Total Assessment
$282,200
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Dairy Queen | ±14 Years Remaining | 236 N 13th St
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