White Castle 4023 Highway 31 East 2 052 pi² Commerce de détail Immeuble Clarksville, IN 47129 1 827 540 $ CAD (890,61 $ CAD/pi²) 6,25% Taux de capitalisation

Marcus & Millichap is pleased to offer for sale the fee simple interest in a 2,052-square-foot drive-through quick-service restaurant (the Property) in Clarksville, IN, in which White Castle has over 9 years remaining on its triple-net ground lease. The lease features a 15 percent rent increase in 2030; an 8 percent rent increase in the first 5-year renewal option; and a 10 percent rent increase in each of the second, third, and fourth renewal options.
The Property sits on a 0.79-acre parcel on U.S. Highway 31, just east of Interstate 65 and Green Tree Mall, the only enclosed mall in southern Indiana and home to the first Texas Roadhouse. In addition to major mall tenants JCPenney, Dillard’s, Furniture Fair, At Home and Planet Fitness, the retail area is anchored by Walmart Supercenter, Sam’s Club, Target, Bass Pro Shops, Harbor Freight, Lowe’s, Home Depot, Menards and Best Buy. Just 5.1 miles north of downtown Louisville, KY, the Property is situated within the Louisville metro area and a short drive from the 24,000-student University of Louisville and Louisville Muhammad Ali International Airport (SDF).
Family-owned since 1921, White Castle operates about 340 quick-service restaurants as well as its own meat plants and bakeries. The private company employs around 10,000 people and achieved $683.9 million in sales in 2023. Like nearly 70 percent of White Castle restaurants, the Property is open 24 hours a day, seven days a week.
This exclusive net-lease opportunity offers the security of a triple-net lease, as well as a retail property on U.S. Highway 31 with visibility to Interstate 65 within the Louisville metro area.
Broker of Record: Josh Caruana, Broker of Record, 600 East 96th St., Ste. 500, Indianapolis, IN 46240, P: (317) 218-5300, Lic #: RB14034355