1012 N Main St Cloverdale, IN 46120

Listing agency Compass RE Texas

Listed by Steve Tiemann · License #697977-SA

Source Crexi

Added: Apr 11 Updated: Jul 22 at 4:27AM Checked: Jul 22 at 4:27AM

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Investment Insights

Based on property information with market context.

This corporate-owned Penguin Point Quick Service Restaurant is offered as a Sale Leaseback—Absolute Triple Net (NNN) Lease Investment Property with zero landlord responsibilities. The restaurant opened on December 3, 2019 and is a drive-thru service location as part of the Penguin Point brand.

Located at 1012 N Main St in Cloverdale, Indiana, the lease will be executed at closing as a brand new 20-year triple net lease with zero landlord responsibilities.

Penguin Point’s menu includes burgers, fries, chicken, shakes, and tenderloin sandwiches, and the brand traces its drive-in roots to June 6, 1950. The property is being offered in association with Monte J. Alexander, Indiana Broker License # RB14035897, through JDS Real Estate Services Inc., Indiana Broker Company License # RC51500226.

Key Highlights

• Corporate‑owned quick‑service drive‑thru restaurant offered as a sale leaseback with an absolute triple net (NNN) lease
• 20‑year triple net lease to be executed at closing with zero landlord responsibilities
• Restaurant opened December 3, 2019 and includes drive‑thru service

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FAQs

What type of property is this?

Drive through restaurant - Corporate-owned quick-service drive-thru restaurant opened in 2019, offered as an absolute triple net sale leaseback.

Where is this drive through restaurant located?

The property is located at 1012 N Main St Cloverdale, IN.

What are key features of this property?

This property features: Corporate‑owned quick‑service drive‑thru restaurant offered as a sale leaseback with an absolute triple net (NNN) lease; 20‑year triple net lease to be executed at closing with zero landlord responsibilities; Restaurant opened December 3, 2019 and includes drive‑thru service