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North Vernon, IN NNN Properties for Sale

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Vernon, IN Butlerville, IN Scipio, IN Seymour, IN Elizabethtown, IN Westport, IN Jonesville, IN Columbus, IN
Absolute NNN Restaurant Property
Updated: Jan 20
Absolute NNN Restaurant Property

971 N State St, North Vernon, IN 47265

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2,936 sqft
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
Personally guaranteed lease backed by MJB Management Group, LLC
YE 2024 rent‑to‑sales ratio of 4.12%
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Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in North Vernon, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Chili's Restaurant with NNN Lease
Chili's Restaurant with NNN Lease

2299 N Morton St, Franklin, IN 46131

$2,528,909
5,856 sqft

Occupied by Chili’s under a triple-net ground lease with renewal options.

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Absolute NNN Retail Property
Absolute NNN Retail Property

915 Jonesville Rd, Columbus, IN 47201

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10,640 sqft

Newly completed retail space is leased under an absolute NNN structure with a corporate tenant guarantee.

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Corporate-Backed Drive-Thru Restaurant Ground Lease
Corporate-Backed Drive-Thru Restaurant Ground Lease

2490 N Morton St, Franklin, IN 46131

$3,000,000

New 15-year corporate-backed Chick-fil-A ground lease with absolute NNN structure and a double-stack drive-thru concept.

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Net-Leased Retail Portfolio
Net-Leased Retail Portfolio

711 Creekview Drive, Columbus, IN 47201

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Two-tenant retail assets combine a department store with a newly built restaurant under separate net-lease structures.

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North Vernon, IN Nnn Properties Market Trends and Statistics

Explore 1 nnn properties for sale in North Vernon, IN on our real estate platform. These investment opportunities span a total of 2,936 square feet of properties for sale.

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Demographics Overview

Population 21K
Population Growth (5Y) +2.5%
Median Household Income $65,877
College Educated 19.8%

Taxes & Financing

Tax Rate (average for all types) 2.67%
Property Tax per SF $53.60 per SF
Average Loan-to-Value 65.0%

Property Size Breakdown

The majority of commercial real estate listings in North Vernon fall within the 10,000 to 25,000 square foot range.

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