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366 S Indiana St 2,555 SF 100% Leased Retail Building Mooresville, IN 46158 $2,300,000 ($900.20/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute NNN lease with zero landlord responsibilities
- Strong monthly rent of $11,500 backed by a global QSR brand
- Surrounded by major national retailers and dense residential base
- 15-year initial term with 8% renewal increases
- Prime location with excellent visibility and high traffic counts
EXECUTIVE SUMMARY
This offering presents a rare opportunity to acquire a newly constructed, 2,555 SF freestanding retail property in the heart of Mooresville, Indiana. Anchored by Church’s Chicken, a globally recognized quick-service brand with over 1,500 locations worldwide, the asset is secured by a 15-year absolute NNN lease commencing at closing. Investors will benefit from a true passive income stream with zero landlord responsibilities, a strong monthly rent of $11,500, and scheduled 8% increases at each renewal period, ensuring predictable cash flow and long-term stability.
Strategically positioned along S. Indiana Street, the property enjoys excellent visibility and accessibility, complemented by robust traffic counts and proximity to established residential neighborhoods and thriving commercial corridors. The surrounding area features national retailers and service providers, reinforcing the site’s appeal and consistent customer draw. With Mooresville’s growing population and household incomes exceeding $100,000 within a five-mile radius, this investment offers a compelling combination of location strength, tenant quality, and hands-off management in a dynamic Indiana market.
Strategically positioned along S. Indiana Street, the property enjoys excellent visibility and accessibility, complemented by robust traffic counts and proximity to established residential neighborhoods and thriving commercial corridors. The surrounding area features national retailers and service providers, reinforcing the site’s appeal and consistent customer draw. With Mooresville’s growing population and household incomes exceeding $100,000 within a five-mile radius, this investment offers a compelling combination of location strength, tenant quality, and hands-off management in a dynamic Indiana market.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,555 SF
Building Class
B
Year Built
2022
Price
$2,300,000
Price Per SF
$900.20
Cap Rate
6%
NOI
$138,000
Percent Leased
100%
Building Height
1 Story
Building FAR
0.07
Lot Size
0.90 AC
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 55-01-36-320-001.002-005 | Improvements Assessment | $818,200 |
| Land Assessment | $538,800 | Total Assessment | $1,357,000 |
PROPERTY TAXES
Parcel Number
55-01-36-320-001.002-005
Land Assessment
$538,800
Improvements Assessment
$818,200
Total Assessment
$1,357,000
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366 S Indiana St
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