1121 Market St, Logansport, IN 46947-3561

This exceptional investment opportunity presents a 4,270 square foot Hardee's restaurant located at 1121 E Market St, Logansport, Indiana, 46947. The property boasts a 20-year absolute triple net (NNN) lease with Midwest First Star, Inc., a franchisee operating 31 locations across Indiana, Ohio, and Kentucky, providing a strong parent company guarantee. Built in 2020, this well-maintained building features a drive-thru and benefits from a 6.5% rent increase every five years, offering a strong hedge against inflation. The current annual net operating income (NOI) is $110,000, resulting in a 6.29% cap rate. The asking price is $1,750,000, translating to $409.84 per square foot. The 0.96-acre lot is situated two blocks from E Broadway, Logansport's main thoroughfare, and enjoys limited fast-food competition. The lease includes four 5-year renewal options, ensuring long-term stability and predictable cash flow. This is a turnkey investment with zero landlord responsibilities, making it an attractive opportunity for passive income generation. The property's strong tenant, favorable lease terms, and prime location make it a compelling investment prospect. The 100% occupancy rate further underscores the property's value and potential for continued success.