1360 In-32 Lebanon, IN 46052

This exceptional investment opportunity features a free-standing Beef-A-Roo restaurant in Lebanon, Indiana. The property boasts a new 20-year absolute triple-net (NNN) lease, commencing June 24, 2022, and expiring May 31, 2042, leaving 17.5 years remaining. The 3,698 square foot building sits on a 1.24-acre lot and underwent renovations in 2023. The lease includes a favorable 2% annual rent increase, protecting against inflation. The current asking price is $1,872,720, representing a price per square foot of $506.41 and an 8.25% cap rate based on a net operating income (NOI) of $154,499. The property enjoys excellent visibility on West State Road 32 (16,000+ cars daily) and convenient access to I-65 (57,000+ cars daily). The lease is personally guaranteed, offering significant security. The tenant is responsible for all property taxes, insurance, and capital expenditures, including roof, structure, and HVAC. Four, five-year lease options are included. This single-tenant, fee-simple property presents a strong, low-maintenance investment with substantial long-term growth potential. The property benefits from a strong demographic profile, with a 10-mile population of 30,840 and an average household income of $78,162.