2825 Broadway StPrinceton, IN 47670

This exceptional Class A, 3,832 square foot QSR property located at 2825 W Broadway St, Princeton, IN 47670, presents a compelling redevelopment opportunity. Currently operating as a Bob Evans restaurant under a NNN lease expiring April 1, 2026 (1.4 years remaining), the property boasts a 100% occupancy rate and generates a current NOI of $57,000, with a pro-forma NOI projected at $120,000. Situated on a busy signalized intersection in the Town Fair Shopping Center, across from a Walmart Supercenter, this 1-acre site enjoys excellent visibility and accessibility, benefiting from an average daily traffic count of 18,600 on West Broadway Street and 16,533 on US-41. The property features 85 parking spaces and is surrounded by national retailers including GMC, Maurices, and Dollar Tree. The asking price is $1,800,000 ($469.73/sq ft), offering a current cap rate of 3.17% and a pro-forma cap rate of 6.67%. The property includes a single, one-story building constructed in 1995, with permitted commercial zoning. Flexible options exist for sale, lease, or ground lease. The ground lease asking rate is $10,000/month NNN, and a lease of the existing building is offered at $30/SF NNN, with a desired lease term of 120 months. This property represents a significant investment opportunity in a thriving Indiana community.