Smiley's Space-Themed Adventure Park 1526 Deer Run Dr Immeuble | 4 714 m² | Sports et divertissement | À vendre 2 101 272 € | Taux de capitalisation 8,46 % | Mishawaka, IN 46545

Fantastic investment opportunity with over 7.5 years remaining on the lease with a rent increase in May 2026 (CAP rate would become 9.00%) and another increase in Year 8 (Cap Rate would become 9.50%). The property has been leased out to Smiley's Space-Themed Adventure Park, a family friendly entertainment center perfect for different celebrations or a day of fun with the family. Smiley's space includes multiple party rooms, numerous playgrounds, a multi-story jungle gym, giant ball pit, a toddler exclusive playground, a cafe, and more entertainment options for people of all ages. The Smiley's operator also operates another ocean themed location in Indianapolis, IN. The building has been well-kept and is in very good condition. Lease is a complete NNN lease (taxes and property insurance billed to Tenant monthly by Landlord) with 2, 5-year renewal options. The increase for the first renewal option would take the CAP rate to 10.00% and then to 10.57% for the second renewal option. The property has excellent location sitting in between McKinley Highway and Day Road on N Fir Road (horseshoe shaped road Smiley's is located on is Deer Run Dr). Only 1.5 miles to IN-331/Capital Avenue, 2.5 miles to Downtown Mishawaka and the beautiful Mishawaka Riverwalk, 2.5 miles from the Grape Road/Main Street Shopping corridor (one of the largest shopping corridors in Indiana including UP Mall a Simon Mall, Costco, SuperTarget, Wal-Mart, Meijer, Whole Foods, Fresh Thyme, Dick's Sporting Goods, among many other shopping, entertainment, and dining options), 3 miles to Granger (a highly sought after residential corridor with very strong demographics), less than 4 miles to the IN-Toll Road Interchange at IN-331/Capital Avenue, 4.5 miles to the University of Notre Dame, and 5 miles to Downtown South Bend/East Race District with the exceptional Howard Park. Zoned S-2: Planned Unit Development. Taxes: $72,938.31. Tax Year: 2024, pay 2025.