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795 Michigan Rd 5,314 SF 100% Leased Retail Building Plymouth, IN 46563 $3,262,800 CAD ($614.00 CAD/SF) 7.45% Cap Rate
Investment Highlights
- Two NNN Corporate Leases; Recently Renewed 5 Years
- Property renovated in 2010, full repavement in 2025
- Strong Demographics AHI $82,000+
- 7.45% Cap Rate
Executive Summary
• Two NNN corporate leases; Phillips 66 Service Station & Arby's
• Strong Demographics - Average Household Income in Excess of $82,357 within a 5-Mile Radius
• Property is across the street from a well-performing McDonald's and the next QSR is over 5 miles away
• Inspire brands owns Arby’s, Dunkin, Buffalo Wild Wings, and other brands with a market cap of $29.5 billion in 2024.
• Recently Renewed 5-year Lease for Arby’s and Phillips 66 Service Station showing commitment to the location
Property Facts
Amenities
- 24 Hour Access
- Corner Lot
- Pylon Sign
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
- -
- $75.49 CAD
- Triple Net
- Jan 2026
The Arby's brand purpose is Inspiring Smiles Through Delightful Experiences™. Arby's delivers on its purpose by celebrating the art of Meatcraft® with a variety of high-quality proteins and innovative, crave-able sides, such as Curly Fries and Jamocha shakes. Arby's Fast Crafted® restaurant services feature a unique blend of quick-serve speed combined with the quality and made-for-you care of fast casual. Arby's Restaurant Group, Inc. is the franchisor of the Arby's Brand and is part of the Inspire Brands family of restaurants headquartered in Atlanta, Ga. Arby’s, founded in 1964, is a leading sandwich drive-thru restaurant brand with restaurants globally.
-
- Retailer
- -
- $28.33 CAD
- Triple Net
- Jun 2026
With numerous years of experience, Phillips 66 are well positioned to help fulfill global energy needs. They are a diversified energy manufacturing and logistics company with unique businesses in Refining, Midstream, Chemicals, and Marketing and Specialties. Their company comprises a number of heritage, joint venture and acquired brands. In the decade since Phillips 66 became a standalone company, it has written a number of new chapters in its history. The company has pursued ambitious infrastructure projects that helped cement the company’s leading positions in the crude and natural gas liquids value chains, and it has shared its success, returning billions to shareholders. And it stayed steadfast and relentless in its vision of providing energy and improving lives.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | - | $75.49 CAD | Triple Net | Jan 2026 | |
|
|
Retailer | - | $28.33 CAD | Triple Net | Jun 2026 |
Property Taxes
| Parcel Number | 50-52-95-404-424.000-010 | Improvements Assessment | $520,531 CAD |
| Land Assessment | $176,199 CAD | Total Assessment | $696,729 CAD |
Property Taxes
Presented by
795 Michigan Rd
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