Absolute NNN Restaurant
For Sale
Contact for pricing
971 N State St, North Vernon, IN 47265
Established food-service operation secured by a personally guaranteed lease with scheduled rent increases.
Property Size2,936 SF
Price / SF$243.53
Days on Market223
Property Features for 971 N State St
General Information
Standard status
Active
Size
2,936 SF
Property subtype
RETAIL
Listing Agency:
Commercial Investment Advisors (CIA) - Corporate
(480) 718-5555
Listed By:
Justin Zahn
(480) 718-5555
Source:
Moodyscre
Added: Jan 20
Changed: Aug 30
Last Checked: Aug 30 at 11:32PM
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 Commercial Investment Advisors (CIA) - Corporate
Investment Insights
Based on property information with market context.
This 2,936-square-foot restaurant property at 971 N State St in North Vernon, Indiana, is leased on an absolute NNN structure. More than 11 years remain on the initial 15-year term, with 10% rent escalations scheduled every 5 years. The lease is personally guaranteed by MJB Management Group, LLC, a multi-brand food-service operator with Dairy Queen, Denato’s Pizza, and Corner Bakery locations.
The property fronts N State St, identified as the market’s north/south corridor, with reported traffic of 23,298 CPD. The restaurant has operated at this location for decades, and its YE 2024 rent-to-sales ratio was 4.12%.
The property fronts N State St, identified as the market’s north/south corridor, with reported traffic of 23,298 CPD. The restaurant has operated at this location for decades, and its YE 2024 rent-to-sales ratio was 4.12%.
Key Highlights
- 2,936‑square‑foot restaurant property at 971 N State St, North Vernon, IN 47265
- Absolute NNN lease with over 11 years remaining on the initial 15‑year term
- 10% rent escalations scheduled every 5 years
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
490
Businesses Nearby
Explore this area
Business Placement
Demographics for 47265, IN
20,074
Population
8,862
Households
2.3
Avg Household Size
40
Median Age
14%
College-Educated
87%
High-School Grad
185.6 sq mi
ZIP Area
108
Density / Sq Mi
$65,877
Median Household Income
$40,549
Median Earnings
$916
Median Rent
$143,700
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Established food-service operation secured by a personally guaranteed lease with scheduled rent increases.
Where is this nnn property located?
The property is located at 971 N State St North Vernon, IN.
What is the asking price?
The asking price for this property is $715,000.
What are key features of this property?
This property features: 2,936‑square‑foot restaurant property at 971 N State St, North Vernon, IN 47265; Absolute NNN lease with over 11 years remaining on the initial 15‑year term; 10% rent escalations scheduled every 5 years
