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2801 Lincolnway E
Mishawaka, IN 46544
Burger King | New 15-Yr NNN | Mishawaka, IN · Local commercial Bien À vendre
Certaines informations ont été traduites automatiquement.
Informations principales sur l'investissement
- New 15-Year NNN Lease with Zero Landlord Responsibilities
- Scheduled 10% Rent Increases Every Five Years
- ±1.50-Acre Site Remodeled in 2019 w/ Drive-Thru
- Four (4) Five-Year Renewal Options, Up to 35 Years of Total Occupancy
- Guaranteed by Crown Hospitality Partners, Inc. (36-Unit Burger King Franchisee)
- Lincolnway East/SR 933 (±19,504 VPD) and Capital Avenue (±24,443 VPD)
Résumé analytique
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.
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.
Informations sur l’immeuble
Type de vente
Investissement triple net
Type de bien
Local commercial
Sous-type de bien
Restauration rapide
Surface de l’immeuble
351 m²
Classe d’immeuble
C
Année de construction
1986
Prix
1 867 581 €
Prix par m²
5 318,11 €
Taux de capitalisation
5,80 %
RNE
108 320 €
Occupation
Mono
Hauteur du bâtiment
1 étage
Coefficient d’occupation des sols de l’immeuble
0,06
Surface du lot
0,61 ha
Stationnement
60 places (170,86 places par 1 000 m² loué)
Façade
43 m sur Lincoln Way
Caractéristiques
- Enseigne sur pylône
- Signalisation
- Service au volant
Taxes foncières
| Numéro de parcelle | 71-09-13-154-001.000-023 | Évaluation des aménagements | 197 613 € |
| Évaluation du terrain | 131 398 € | Évaluation totale | 329 011 € |
Taxes foncières
Numéro de parcelle
71-09-13-154-001.000-023
Évaluation du terrain
131 398 €
Évaluation des aménagements
197 613 €
Évaluation totale
329 011 €
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