This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

Close
You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.
This Retail Property is no longer advertised on LoopNet.com.

1607 State Road 114 W
North Manchester, IN 46962

Penguin Point QSR - Absolute NNN Lease · Retail Property For Sale

Restaurants Indiana North Manchester 1607 State Road 114 W, North Manchester, IN 46962

Investment Highlights

  • A new, corporate owned Penguin Point Quick Service Restaurant - Sale Leaseback - Absolute Triple-Net (NNN) Lease Investment Property
  • Corporate Net Sales increased by 23.3% from 2018 to 2019.
  • Cap Rate of 7.25% with Annual Rent Increases of 1.5%
  • Corporate Net Sales are on pace to INCREASE by 19% from 2019 to 2020, in the midst of COVID-19.
  • Drive-thru Service

PROPERTY FACTS

Property Type
Retail
Property Subtype
Restaurant
Building Size
2,387 SF
Building Class
C
Year Built/Renovated
1975/2020
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.35 AC

Links

PROPERTY TAXES

Parcel Numbers
Multiple
  • 85-07-06-100-002.000-002
  • 85-07-06-100-016.000-001
 Improvements Assessment $284,300
Land Assessment $107,600 Total Assessment $391,900

PROPERTY TAXES

Parcel Numbers
Multiple
  • 85-07-06-100-002.000-002
  • 85-07-06-100-016.000-001
Land Assessment
$107,600
Improvements Assessment
$284,300
Total Assessment
$391,900
{{content}}
 

  • Listing ID: 19811758

  • Date on Market: 6/6/2020

  • Last Updated:

  • Address: 1607 State Road 114 W, North Manchester, IN 46962

1 of 1
VIDEOS
3D TOUR
PHOTOS
STREET VIEW STREET
MAP

1607 State Road 114 W, North Manchester, IN for sale Building Photo- Image 1 of 1
Penguin Point Restaurant

Connect with us

© 2024 CoStar Group

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}
You can provide feedback any time using the Help button at the top of the page.