311 14Th St Huntingburg, IN 47542
- Retail properties
- 2,342 SF
Current Use by Public Records
- Retail properties
Property Details for 311 14Th St
- Year built
- 2021
- Property size
- 2,342 SF
- Property type
- Retail properties
Description
This exceptional investment opportunity presents a 2,342 square foot Arby's restaurant located at 311 East 14th Street, Huntingburg, Indiana 47542. Built in 2021, this single-story building operates under a 15-year absolute NNN lease, commencing November 1, 2021, and expiring October 31, 2036. With over 12 years remaining on the lease term, this property offers significant long-term stability and predictable cash flow. The lease includes two rent increases built into the base term, occurring every five years, and a five-year renewal option. The tenant, Friends Hospitality of Huntingburg, LLC, is comprised of three experienced restaurant operators with a combined net worth exceeding $12 million, managing 11 Arby's and 4 Wings Etc. locations. The property boasts a 5.75% cap rate and a current Net Operating Income (NOI) of $90,000. The Arby's is strategically located near other retail establishments, including Dairy Queen, Wendy's, IGA, Dollar General, and Ace Hardware, ensuring high visibility and strong customer traffic. This is a turnkey investment with zero landlord responsibilities
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Huntingburg
- County
- Dubois
- State
- Indiana
- Longitude
- -86.956
- Latitude
- 38.3085
