2401 E Center St - Fast Food FOR SALE


Warsaw, IN 46580
$2,190,000 USD
317-218-5316
2401 E Center St, Warsaw, IN for Sale
$2,190,000 USD
Fast Food - FOR SALE
1/10
null | 9.23% Cap Rate

2401 E Center St
Warsaw, IN 46580


HIGHLIGHTS

  • 18 Years Remaining on Absolute NNN Lease-Tenant is responsible for all expenses at the property (RETaxes, Insurance, Roof, Structure, Parking Lot)
  • Annual Rental Escalators-2% annual rental increases during base term (12.92% Cap Rate @ Year 20)
  • 4x5 Renewal Option Periods with 2% annual rental increases
  • Next to Hard-Corner, Signalized Intersection-Main corridor location and direct access to US-30
  • Strong Traffic & Retail Presence-Surrounded by various local, regional and national retailers and experiences +/-22,000 VPD

OVERVIEW

The Klink Group of Marcus & Millichap is pleased to present for sale the Beef-A-Roo, a long-term, absolute NNN lease investment, in Warsaw, Indiana. The offering represents an opportunity to acquire an absolute NNN-leased quick-service restaurant with 18 years of remaining term and zero landlord responsibilities. The tenant, Beef-A-Roo, Inc., operates under a proven and expanding Midwest concept, combining strong brand recognition with an aggressive growth strategy. The lease is structured with 2% annual rental increases throughout the base term and each of the four, five-year renewal option periods, providing investors with a reliable hedge against inflation and consistent income growth. The lease is backed by both a corporate guaranty from Elysian Capital during the lease term and a personal guaranty through 2029.

FOR SALE DETAILS

PRICE

$2,190,000 USD

PRICE/SF

$673 USD /SF

CAP RATE

9.23%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Beef-A-Roo

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, undefined

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

29

LAND DETAILS

LAND ACRES

0.77 AC

LAND SF

33,541 SF

ZONING

-

APN/PARCEL ID

43-11-09-200-664.000-032,43-11-09-200-725.000-032

ASK ABOUT THIS PROPERTY

Jordan KlinkMarcus & MillichapMore Info
317-218-5316

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Jordan KlinkMarcus & MillichapMore Info
317-218-5316

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