3175 In-3 New Castle, IN 47362
This exceptional 2,584 square foot restaurant property, formerly a White Castle, presents a unique investment or lease opportunity in New Castle, Indiana. Located at 3175 IN-3, this single-tenant building boasts a highly desirable drive-thru configuration, complete with all necessary restaurant equipment including a hood system and walk-in cooler. The property is situated on an outlot adjacent to the only Walmart Supercenter in Henry County, ensuring high traffic volume and excellent brand visibility. The strategic location at a signalized intersection provides exceptional accessibility and exposure to a large customer base. Further enhancing its appeal, the site features a prominent pylon sign and a spacious parking area with capacity for 35 vehicles. This turnkey operation is ready for immediate occupancy, offering a significant advantage for prospective buyers or lessees seeking a well-established and conveniently located restaurant space. The property's size, equipment, and prime location in a thriving retail area make it an ideal investment for experienced restaurateurs or those seeking a profitable venture in a high-demand market. The address is 3175 IN-3, New Castle, IN 47362. The property is available for sale or lease.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.