Zaxby's Restaurant with Absolute NNN
For Sale
$3,164,000
938 N Baldwin Ave, Marion, IN 46952
The Marion restaurant is identified with a 20-year absolute NNN lease.
Property Size2,800 SF
Price / SF$1,130
Days on Market9
Property Features for 938 N Baldwin Ave
General Information
Standard status
Active
Size
2,800 SF
Property subtype
Restaurant
Lease Type
Absolute Net
Additional Details
Cap Rate
6.7%
Amenities
Brand New 20-Year Absolute Triple-Net (NNN) Lease - New 2026 Construction with a Drive-Thru
10 Percent Rental Increases Every Five Years with Multiple Renewal Options
Zaxby's is a Fast-Growing National QSR Chain with ±1,000 Locations in 22 States
Densely-Populated Trade Area with a Daytime Population of Over 66,000 People within a 10-Mile Radius
Situated Along Marion's Established North Baldwin Commercial Corridor
Close Proximity to Roughly 750 Employees at General Motors' Marion Metal Center
Less than 10 Minutes from Indiana Wesleyan University's Main Campus, Home to Approximately 14,000 Students
Surrounded by National Tenants: Walgreens, McDonald's, Starbucks, Taco Bell, and more
Building Details
Building Size
2,800 SF
Tenancy
Single
Listing Agency:
Marcus & Millichap - Phoenix
Listed By:
Mark Ruble · License #License(s): AZ: SA550593000, NV: S.0192964
(602) 687-6766
Source:
Marcusmillichap
Added: Sep 28
Last Checked: Oct 5 at 3:10PM
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 - Phoenix
Investment Insights
Based on property information with market context.
The restaurant property at 938 N Baldwin Ave in Marion, Indiana, contains 2,800 square feet and is identified with Zaxby's. The listing information specifies a 20-year absolute NNN lease.
Marion is in Grant County, where it serves as the county seat and largest city. The city’s estimated 2025 population is 28,234; Grant County’s is approximately 66,524.
Marion is in Grant County, where it serves as the county seat and largest city. The city’s estimated 2025 population is 28,234; Grant County’s is approximately 66,524.
Key Highlights
- 2,800‑square‑foot restaurant property
- Identified with Zaxby's
- 20‑year absolute NNN lease
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
651
Businesses Nearby
146k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 56%
Shops & Services 35%
Leisure 7%
Hotels & Casinos 1%
McDonald's
Dining
22,832 visits/mo
0.4 miles
Marion
Shops & Services
14,427 visits/mo
0.5 miles
Taco Bell
Dining
11,597 visits/mo
0.1 miles
AMC Marion 12
Leisure
9,987 visits/mo
0.4 miles
Dollar Tree
Shops & Services
9,776 visits/mo
0.4 miles
Demographics for 46952, IN
18,996
Population
8,832
Households
2.2
Avg Household Size
46
Median Age
25%
College-Educated
89%
High-School Grad
105.5 sq mi
ZIP Area
180
Density / Sq Mi
$53,481
Median Household Income
$39,246
Median Earnings
$785
Median Rent
$129,000
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The Marion restaurant is identified with a 20-year absolute NNN lease.
Where is this conventional restaurant located?
The property is located at 938 N Baldwin Ave Marion, IN.
What is the asking price?
The asking price for this property is $3,164,000.
What are key features of this property?
This property features: 2,800‑square‑foot restaurant property; Identified with Zaxby's; 20‑year absolute NNN lease
