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912 State Road 229 3,700 SF 100% Leased Retail Building Batesville, IN 47006 $1,800,000 ($486.49/SF)
INVESTMENT HIGHLIGHTS
- 2,314 SF freestanding Church’s Chicken on a prime commercial corridor
- Tenant to execute a new 15-year lease at closing
- One (1) five-year renewal option included in the lease with 8% rental escalation
- NNN sale-leaseback with zero landlord responsibilities
- $9,000/month starting rent, providing stable long-term income
EXECUTIVE SUMMARY
912 State Road 229 presents a premier NNN sale-leaseback opportunity with a nationally recognized quick-service restaurant operator. This 2,314 SF freestanding Church’s Chicken is strategically positioned along a high-visibility commercial corridor in Batesville, Indiana, offering stable, long-term cash flow backed by a seasoned operator.
At closing, the tenant will execute a new 15-year absolute NNN lease, providing investors with zero landlord responsibilities. The initial monthly rent is $9,000, delivering strong income from day one, with a structure designed for long-term income growth. The lease includes one (1) five-year renewal option featuring 8% annual rent increases, ensuring consistent appreciation throughout both the initial term and option period.
This asset is ideal for investors seeking durable, predictable returns, minimal management, and a recession-resilient tenant in the thriving QSR sector.
At closing, the tenant will execute a new 15-year absolute NNN lease, providing investors with zero landlord responsibilities. The initial monthly rent is $9,000, delivering strong income from day one, with a structure designed for long-term income growth. The lease includes one (1) five-year renewal option featuring 8% annual rent increases, ensuring consistent appreciation throughout both the initial term and option period.
This asset is ideal for investors seeking durable, predictable returns, minimal management, and a recession-resilient tenant in the thriving QSR sector.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,700 SF
Building Class
B
Year Built
1976
Price
$1,800,000
Price Per SF
$486.49
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.13
Lot Size
0.65 AC
AMENITIES
- Drive Thru
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 69-02-20-112-006.000-017 | Improvements Assessment | $213,500 |
| Land Assessment | $68,700 | Total Assessment | $282,200 |
PROPERTY TAXES
Parcel Number
69-02-20-112-006.000-017
Land Assessment
$68,700
Improvements Assessment
$213,500
Total Assessment
$282,200
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912 State Road 229
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