1911 Lincolnway E - Fast Food FOR SALE


Goshen, IN 46526
$2,659,573 USD
408-510-9057
1911 Lincolnway E, Goshen, IN for Sale
$2,659,573 USD
Fast Food - FOR SALE
1/3
null | 5.9% Cap Rate

1911 Lincolnway E
Goshen, IN 46526


HIGHLIGHTS

  • New 16-Year NNN Lease with Zero Landlord Responsibilities
  • Four (4) Five-Year Renewal Options, Up to 36 Years of Total Occupancy
  • Scheduled 10% Rent Increases Every Five Years
  • Guaranteed by Crown Hospitality Partners, Inc. (36-Unit Burger King Franchisee)
  • Recently Remodeled in 2022 on ±1.28 Acres w/ Drive-Thru
  • Lincolnway East/U.S. 33 (±17,720 VPD) Commercial Corridor

OVERVIEW

Marcus & Millichap is pleased to present a freestanding Burger King with drive-thru located at 1911 Lincolnway East in Goshen, Indiana, within the Elkhart-Goshen MSA. The ±3,910-square-foot restaurant, remodeled in 2022, sits on ±1.28 acres and is secured by a new 16-year NNN lease with zero landlord responsibilities and four (4) five-year renewal options. Annual base rent of $156,915 produces a 5.90% cap rate, with scheduled 10% rent increases every five years providing built-in income growth. The lease is guaranteed by Crown Hospitality Partners, Inc., an experienced 36-unit Burger King franchisee led by career operators with seven decades of combined system experience. The property is positioned along Lincolnway East/U.S. 33 (±17,720 VPD), a primary commercial corridor serving Goshen, with neighbors including Menards, Walmart, ALDI, Walgreens, and Dunkin'. The 5-mile trade area holds 44,074 residents with an average household income of $94,866, supported by Goshen College (847 students), Goshen Hospital, and Goshen High School (1,717 students). The Elkhart-Goshen MSA supports 208,702 residents and is anchored by major RV manufacturers including THOR Industries, Forest River, and Lippert. Burger King operates 19,000+ locations in 120+ countries as a flagship brand of Restaurant Brands International (NYSE: QSR), pairing global brand strength with passive net-lease income.

FOR SALE DETAILS

PRICE

$2,659,573 USD

PRICE/SF

$429 USD /SF

CAP RATE

5.9%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Burger King | New 16-Yr NNN | Goshen, IN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1992

SPRINKLERS

-

PARKING SPACES

75

LAND DETAILS

CROSS STREETS

Eisenhower N Dr

LAND ACRES

1.4 AC

LAND SF

60,984 SF

ZONING

ZO01

APN/PARCEL ID

20-11-23-251-017.000-015

ASK ABOUT THIS PROPERTY

Tyler BindiMarcus & MillichapMore Info
408-510-9057

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Tyler BindiMarcus & MillichapMore Info
408-510-9057

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.