79 Shenandoah Dr Lafayette, IN 47905-5914

This exceptional investment opportunity features a 9,612 square foot, Class A, Golden Corral restaurant in Lafayette, Indiana. Built in 2000 on a 2.45-acre lot with 200 parking spaces, the property boasts a strong 6.9% cap rate and a 100% occupancy rate since its lease commencement on October 1, 2001. The current NNN lease includes a 5% percentage rent bonus (not included in the cap rate) and offers two, five-year renewal options with 5% rent increases. The property's strong NOI of $207,000 and a price per square foot of $312.11 makes this a compelling investment. The location benefits from high daily traffic counts of 27,000 vehicles and proximity to Purdue University. The current lease has two years remaining before the first renewal option. This turnkey property presents a rare opportunity for investors seeking a stable, high-performing asset in a desirable location. The property is strategically located at 79 Shenandoah Dr, Lafayette, IN 47905.