236 N 13th St
Decatur, IN 46733
Dairy Queen | ±14 Years Remaining · Retail Property For Sale

Marcus & Millichap is pleased to present the opportunity to acquire a freestanding Dairy Queen Grill & Chill located at 236 N 13th Street in Decatur, Indiana. The property is subject to a long-term absolute NNN lease with approximately 14 years remaining, featuring 2% annual rent increases and four (4) five-year renewal options. The lease is backed by a high net worth personal guaranty, offering investors truly passive, long-term cash flow with zero landlord responsibilities.
The ±2,437-square-foot building sits on a ±0.54-acre parcel along North 13th Street, a high-traffic corridor with ±20,078 vehicles per day, connecting directly to U.S. Highway 27 and the Fort Wayne MSA. The site benefits from excellent visibility, convenient ingress/egress, and strong daily traffic from commuters, families, and students. Nearby anchors include Walmart Supercenter, Kroger, CVS, Tractor Supply, and McDonald’s, ensuring durable customer demand and consistent sales performance.
Decatur is experiencing notable growth, including the new Adams Health Network Outpatient Campus, a major street and sidewalk infrastructure program, and an $8.5 million downtown square revitalization project. These developments enhance accessibility, strengthen the trade area, and increase visitation. With a 5.85% cap rate, $81,984 NOI, and a globally recognized QSR brand backed by Berkshire Hathaway, this Dairy Queen represents an attractive opportunity for investors seeking yield, brand strength, and passive income in a stable Midwest market.