Freestanding Dairy Queen with NNN
For Sale
Contact for pricing
Pending
236 N 13th St, Decatur, IN 46733
Absolute NNN leased Dairy Queen Grill & Chill with ~14 years remaining and 2% annual increases.
Property Size2,437 SF
Lot Size0.54 Acres
Days on Market135
Property Features for 236 N 13th St
General Information
Standard status
Pending
Size
2,437 SF
Lot size
0.54 Acres
Property subtype
Retail
Site & Location
Traffic Count
20,078 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Cap Rate
5.85%
Listing Agency:
Marcus & Millichap - Los Angeles
Listed By:
Robert Narchi · License #01324570
(310) 909-5426
Source:
Crexi
Added: Apr 24
Changed: Aug 22
Last Checked: Sep 4 at 5:11PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Los Angeles
Investment Insights
Based on property information with market context.
Marcus & Millichap presents a freestanding Dairy Queen Grill & Chill built on a 0.54-acre parcel along North 13th Street. The 2,437-square-foot building operates under a long-term absolute NNN lease.
The lease structure includes approximately 14 years remaining, 2% annual rent increases, and four (4) five-year renewal options. The lease is backed by a high net worth personal guaranty, and the offering is described as requiring zero landlord responsibilities.
The property is positioned on a high-traffic corridor with approximately 20,078 vehicles per day, providing direct connection to U.S. Highway 27 and the Fort Wayne MSA. Nearby anchors include Walmart Supercenter, Kroger, CVS, Tractor Supply, and McDonald’s. The remarks also cite local growth initiatives, including the Adams Health Network Outpatient Campus, a street and sidewalk infrastructure program, and an $8.5 million downtown square revitalization project. The offering is presented with a 5.85% cap rate and $81,984 NOI.
The lease structure includes approximately 14 years remaining, 2% annual rent increases, and four (4) five-year renewal options. The lease is backed by a high net worth personal guaranty, and the offering is described as requiring zero landlord responsibilities.
The property is positioned on a high-traffic corridor with approximately 20,078 vehicles per day, providing direct connection to U.S. Highway 27 and the Fort Wayne MSA. Nearby anchors include Walmart Supercenter, Kroger, CVS, Tractor Supply, and McDonald’s. The remarks also cite local growth initiatives, including the Adams Health Network Outpatient Campus, a street and sidewalk infrastructure program, and an $8.5 million downtown square revitalization project. The offering is presented with a 5.85% cap rate and $81,984 NOI.
Key Highlights
- Freestanding Dairy Queen Grill & Chill at 236 N 13th Street, Decatur, IN on North 13th Street
- Approximately 14 years remaining on a long‑term absolute NNN lease with 2% annual rent increases
- Lease includes four (4) five‑year renewal options and is backed by a high net worth personal guaranty
Property Analytics
Property Profile
Current Use
Lease Details
20,078 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
411
Businesses Nearby
139k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 56%
Shops & Services 24%
Home Improvements & Furnishings 17%
Electronics 3%
McDonald's
Dining
24,666 visits/mo
0.2 miles
Rural King
Home Improvements & Furnishings
23,784 visits/mo
0.4 miles
Taco Bell
Dining
14,037 visits/mo
0.4 miles
Decatur
Shops & Services
13,379 visits/mo
0.3 miles
Wendy's
Dining
13,209 visits/mo
0.2 miles
Demographics for 46733, IN
18,669
Population
8,307
Households
2.2
Avg Household Size
41
Median Age
16%
College-Educated
94%
High-School Grad
172.4 sq mi
ZIP Area
108
Density / Sq Mi
$63,804
Median Household Income
$41,394
Median Earnings
$818
Median Rent
$162,500
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Absolute NNN leased Dairy Queen Grill & Chill with ~14 years remaining and 2% annual increases.
Where is this conventional restaurant located?
The property is located at 236 N 13th St Decatur, IN.
What are key features of this property?
This property features: Freestanding Dairy Queen Grill & Chill at 236 N 13th Street, Decatur, IN on North 13th Street; Approximately 14 years remaining on a long‑term absolute NNN lease with 2% annual rent increases; Lease includes four (4) five‑year renewal options and is backed by a high net worth personal guaranty
