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971 N State St
North Vernon, IN 47265
DQ GRILL & CHILL – NORTH VERNON, IN · Retail Property For Sale
Investment Highlights
- ABSOLUTE NNN LEASE: Over 11 years remaining on initial 15-year Absolute NNN lease with an attractive 10% rental escalations every 5 years
- SEASONED SALES LOCATION: Successfully open and operating for decades with an attractive 4.12% Rent to Sales Ratio (YE 2024)!
- TRAFFIC COUNTS: Excellent visibility/access on N State St, the market’s prime north/south corridor with traffic counts of 23,298 CPD!
- TENANT | GUARANTORS: MJB Management Group, LLC is a multi-brand food service operator with a portfolio that includes 2 Dairy Queen & 1 Denato’s Pizza
- STRONG INTRINSIC VALUE: Priced below replacement cost with replaceable rents!
- 2025 DEMOGRAPHICS: Total Population (5MI): 16,270| Average Household Income (1MI): $79,714
Property Facts
Property Type
Retail
Property Subtype
Building Size
2,936 SF
Building Class
C
Year Built
1995
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.50 AC
Zoning
C
Amenities
- Restaurant
- Signage
- Drive Thru
Property Taxes
| Parcel Number | 40-09-33-120-014.001-004 | Improvements Assessment | $132,700 |
| Land Assessment | $84,600 | Total Assessment | $217,300 |
Property Taxes
Parcel Number
40-09-33-120-014.001-004
Land Assessment
$84,600
Improvements Assessment
$132,700
Total Assessment
$217,300
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