5126 N Main St - Restaurant FOR SALE


Mishawaka, IN 46545
$2,393,000 USD
614-202-9235
5126 N Main St, Mishawaka, IN for Sale
$2,393,000 USD
Restaurant - FOR SALE
1/6
null | 5.85% Cap Rate

5126 N Main St
Mishawaka, IN 46545


HIGHLIGHTS

  • 17+ Years Remaining on NNN Ground Lease with Corporate Guaranty
  • 10 Percent Rental Increases Every Five Years with Multiple Renewal Options
  • Excellent Rent to Sales Ratio | Top Performing Location
  • Dense Trade Area in the South Bend MSA - 154,410 Residents within 5 Miles
  • Located in the Largest Retail Corridor in Northern Indiana - Surrounding Tenants Include Walmart, Sam’s Club, Target, Lowe’s, Meijer, etc.
  • 3 Miles East of the University of Notre Dame (12,700+ Students)

OVERVIEW

Saltgrass Steak House is an American steakhouse chain owned by Landry's, Inc., known for its chargrilled Certified Angus Beef steaks, chicken, and seafood. Founded in Houston, Texas, the company operates 96 locations and counting across 14 states. Mishawaka is located on the St. Joseph River in northern Indiana, adjacent to the city of South Bend. Mishawaka, known as “the Princess City,” is a growing commercial city home to a growing population, major business expansion, and record-breaking new construction.

FOR SALE DETAILS

PRICE

$2,393,000 USD

PRICE/SF

$369 USD /SF

CAP RATE

5.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Saltgrass Steak House GL | South Bend MSA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.71 AC

LAND SF

74,691 SF

ZONING

C

APN/PARCEL ID

71-04-33-276-008.000-005

ASK ABOUT THIS PROPERTY

Brennan CleggMarcus & MillichapMore Info
614-202-9235

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Brennan CleggMarcus & MillichapMore Info
614-202-9235

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