Single-Tenant QSR with NNN
1421 E 38th St Marion, IN 46953
1421 E 38th St, Marion, IN, 46953
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For Sale
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Single-tenant QSR operating as Poppy’s Donuts under a new Absolute NNN lease with 20-year term and options.
Days on Market103
Property Features for 1421 E 38th St
General Information
- Standard status
- Active
- Property subtype
- Retail
Listing agency
Cushman & Wakefield - San Diego, California
Listed by
Ryan Gomez · License #CA: 01753933
Source
Crexi
Added: Apr 11 Updated: Jul 22 at 3:39PM Checked: Jul 22 at 3:39PM
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 Cushman & Wakefield - San Diego, California
Investment Insights
Based on property information with market context.
This offering is a single-tenant QSR, Poppy’s Donuts, with a brand new Absolute NNN lease in place. The lease features a 20-year initial term, 2% annual increases, and four 5-year options. The remarks also note an experienced operator with historical sales.
The property is situated in a dense residential area and is located on a hard corner intersection with 260-degree frontage on E 38th St and S Lincoln Blvd. The combined frontage is listed at 9,930 VPD. The site is less than 1.5 miles from Indiana Wesleyan University and within 1 mile of the VA Northern Indiana Health Care System, which is noted as having over 1,880 employees.
The property is situated in a dense residential area and is located on a hard corner intersection with 260-degree frontage on E 38th St and S Lincoln Blvd. The combined frontage is listed at 9,930 VPD. The site is less than 1.5 miles from Indiana Wesleyan University and within 1 mile of the VA Northern Indiana Health Care System, which is noted as having over 1,880 employees.
Key Highlights
- Single‑tenant QSR leased to Poppy’s Donuts under a new Absolute NNN lease with a 20‑year initial term
- Lease includes 2% annual increases plus four 5‑year options
- Hard corner location with 260‑degree frontage on E 38th St and S Lincoln Blvd
Property Analytics
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Single-tenant QSR operating as Poppy’s Donuts under a new Absolute NNN lease with 20-year term and options.
Where is this conventional restaurant located?
The property is located at 1421 E 38th St Marion, IN.
What are key features of this property?
This property features: Single‑tenant QSR leased to Poppy’s Donuts under a new Absolute NNN lease with a 20‑year initial term; Lease includes 2% annual increases plus four 5‑year options; Hard corner location with 260‑degree frontage on E 38th St and S Lincoln Blvd
