2801 Lincolnway E - Fast Food FOR SALE


Mishawaka, IN 46544
$2,168,932 USD
408-510-9057
2801 Lincolnway E, Mishawaka, IN for Sale
$2,168,932 USD
Fast Food - FOR SALE
1/3
null | 5.8% Cap Rate

2801 Lincolnway E
Mishawaka, IN 46544


HIGHLIGHTS

  • New 15-Year NNN Lease with Zero Landlord Responsibilities
  • Four (4) Five-Year Renewal Options, Up to 35 Years of Total Occupancy
  • Scheduled 10% Rent Increases Every Five Years
  • Guaranteed by Crown Hospitality Partners, Inc. (36-Unit Burger King Franchisee)
  • ±1.50-Acre Site Remodeled in 2019 w/ Drive-Thru
  • Lincolnway East/SR 933 (±19,504 VPD) and Capital Avenue (±24,443 VPD)

OVERVIEW

Marcus & Millichap is pleased to present a freestanding Burger King with drive-thru located at 2801 Lincolnway East in Mishawaka, Indiana. The ±3,780-square-foot restaurant, remodeled in 2019, sits on ±1.50 acres and is secured by a new 15-year NNN lease with zero landlord responsibilities and four (4) five-year renewal options. Annual base rent of $125,798 produces a 5.80% 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/SR 933 (±19,504 VPD) near Capital Avenue (±24,443 VPD), connecting Mishawaka, South Bend, and the Indiana Toll Road, with corridor neighbors including Taco Bell, Wendy's, Dunkin', and Dollar General. The 5-mile trade area holds 104,530 residents with an average household income of $93,441, supported by the University of Notre Dame (13,129 students) and Bethel University (1,134 students). The South Bend-Mishawaka MSA supports 326,282 residents with $1 billion in active downtown development. 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

$2,168,932 USD

PRICE/SF

$565 USD /SF

CAP RATE

5.8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Burger King | New 15-Yr NNN | Mishawaka, IN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

1.5 AC

LAND SF

65,340 SF

ZONING

-

APN/PARCEL ID

71-09-13-154-001.000-023

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.