White Castle - Net Lease Property for Sale
Jeffersonville, IN
Key Investment Metrics
Price
$1,320,000
Cap Rate
6.3%
Net Operating Income
$82,475
Building Size
2052 SF
Lot Size
2,052 SF
Land Area
0.79 Acres
Remaining Term
9.2 years
Lease Expiration
03/31/2035
Lease Term
10 years
Lease Commencement
04/01/2025
Lease Type
Absolute NNN
Year Built
1999
Occupancy
100%
Tenancy
Single
Rent Increases
15% rent increase on April 1, 2030; 8% increase in 1st renewal; 10% increase in renewals 2, 3, and 4
About This White Castle Net Lease Property
This White Castle NNN (triple net lease) property is located in Jeffersonville, IN and represents an excellent investment opportunity for commercial real estate investors. The property features 2052 square feet of building space and was built in 1999.
With a cap rate of 6.3%, this White Castle net lease property offers stable income potential. The asking price is $1,320,000, making it an attractive option for 1031 exchange investors seeking quality White Castle commercial properties.
Why Invest in White Castle NNN Properties?
- Stable Income: White Castle net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: White Castle is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Jeffersonville, IN Market Overview
Located in Jeffersonville, IN, this White Castle property benefits from strong local demographics and market fundamentals. The Jeffersonville area offers excellent visibility and accessibility, making it an ideal location for White Castle operations and a solid investment for net lease property buyers.