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Burger King | New 15-Yr NNN | Mishawaka, IN 2801 Lincolnway E 3 780 pi² Commerce de détail Immeuble Mishawaka, IN 46544 3 025 877 $ CAD (800,50 $ CAD/pi²) 5,80% Taux de capitalisation
Certaines informations ont été traduites automatiquement.
Faits saillants de 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 de l'annonce
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.
Faits sur la propriété
Type de vente
Investissement pour loyer hypernet
Type de propriété
Commerce de détail
Sous-type de propriété
Restauration rapide
Taille du bâtiment
3 780 pi²
Classe d’immeuble
C
Année de construction
1986
Prix
3 025 877 $ CAD
Prix par pi²
800,50 $ CAD
Taux de capitalisation
5,80%
Revenu net d’exploitation
175 501 $ CAD
Location
Unique
Hauteur du bâtiment
1 étage
Coefficient d’occupation des sols de l’immeuble
0,06
Taille du lot
1,50 AC
Stationnement
60 places (15,87 places par 1 000 pi² loué)
Façade
142’ sur Lincoln Way
Commodités
- Enseigne sur pylône
- Affichage
- Service au volant
Relativement accessible à pied
30/100
Exceptionnellement adapté aux voitures
100/100
Transports en commun limités
30/100
Plutôt accessible en vélo
40/100
Impôts fonciers
| Numéro de lot | 71-09-13-154-001.000-023 | Évaluation des bâtiments | 321 541 $ CAD |
| Évaluation du terrain | 213 800 $ CAD | Évaluation totale | 535 341 $ CAD |
Impôts fonciers
Numéro de lot
71-09-13-154-001.000-023
Évaluation du terrain
213 800 $ CAD
Évaluation des bâtiments
321 541 $ CAD
Évaluation totale
535 341 $ CAD
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Burger King | New 15-Yr NNN | Mishawaka, IN | 2801 Lincolnway E
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