213 E Mckinley Ave - Fast Food FOR SALE


Mishawaka, IN 46545
$565,156 USD
317-750-2034
213 E Mckinley Ave, Mishawaka, IN for Sale
$565,156 USD
Fast Food - FOR SALE
1/10
null | 6.85% Cap Rate

213 E Mckinley Ave
Mishawaka, IN 46545


HIGHLIGHTS

  • 7.4 Years of Term Remaining on a Triple Net Lease
  • Drive-thru Location Supporting Strong Customer Convenience and Daily Traffic | Also Provides Flexibility for Future Tenants
  • Positioned Along Route 20 / E McKinley Avenue with 18,133 Vehicles per Day
  • 71,569 Residents within Three Miles of the Property
  • 4.4 Miles from the University of Notre Dame which Ranks #12 Nationally
  • Located in Mishawaka's Primary Retail Thoroughfare | Surrounding Tenants Include Kroger, Harbor Freight Tools, Walgreens, and More

OVERVIEW

This Biggby Coffee features a triple-net lease with 7.4 years of term remaining, offering investors stable income with minimal landlord responsibilities, as well as two percent annual rent increases. The lease is backed by a personal guarantee from a multi-unit operator. A drive-thru design ensures daily convenience, strong customer traffic, and long-term flexibility for future tenants. The property enjoys prime frontage on Route 20/E McKinley Avenue with over 18,000 vehicles per day. It is just minutes from South Bend and Downtown Mishawaka, surrounded by more than 71,000 residents within three miles. Nearby demand drivers include John J. Young Middle School, Bethel University, and the University of Notre Dame, a nationally ranked institution with more than 13,000 students. Situated on Mishawaka’s dominant retail corridor, the site is surrounded by leading national tenants including Kroger, Harbor Freight Tools, Walgreens, Planet Fitness, McDonald’s, and Wendy’s. Ongoing residential development in the area further strengthens consumer demand and positions this asset for long-term success.

FOR SALE DETAILS

PRICE

$565,156 USD

PRICE/SF

$719 USD /SF

CAP RATE

6.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

NNN Biggby Coffee

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

-

APN/PARCEL ID

71-09-09-227-003.000-023

ASK ABOUT THIS PROPERTY

Phoebe KleinSharko | Weisenbeck | Mendoza GroupMore Info
317-750-2034

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Phoebe KleinSharko | Weisenbeck | Mendoza GroupMore Info
317-750-2034

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