530 W Mckinley Ave
Mishawaka, IN 46545
Burger King | New 15-Yr NNN | Mishawaka, IN · Local commercial Bien À vendre

Marcus & Millichap is pleased to present a freestanding Burger King with drive-thru located at 530 West McKinley Avenue in Mishawaka, Indiana, within the South Bend-Mishawaka MSA. The ±4,115-square-foot restaurant, remodeled in 2022, sits on ±1.00 acre 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 $142,604 produces a 5.85% 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 McKinley Avenue (±19,734 VPD), a major east-west corridor connecting Mishawaka and South Bend, with neighbors including Kroger, Dollar Tree, Taco Bell, and Arby's. The 5-mile trade area holds 176,279 residents with an average household income of $94,565, supported by the University of Notre Dame (13,129 students), Bethel University (1,134 students), and Four Winds Field (400,000 annual visitors). 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.