Freestanding Dairy Queen with NNN
236 N 13th St Decatur, IN 46733
236 N 13th St, Decatur, IN, 46733
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For Sale
Contact for pricing
Pending
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 Market90
Property Features for 236 N 13th St
General Information
- Standard status
- Pending
- Size
- 2,437 SF
- Lot size
- 0.54 Acres
- Property subtype
- Retail
Listing agency
Marcus & Millichap - Los Angeles
(310) 909-5500
Listed by
Robert Narchi · License #01324570
Source
Crexi
Added: Apr 24 Updated: Jul 21 at 1:49PM Checked: Jul 21 at 1:49PM
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
Location Intelligence
Current Use by Public Records
Dairy Queen Grill ...
Restaurant
Similar For Sale Nearby
FAQs
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
