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320 E Colfax Ave - Three Twenty at the Cascade Unité de condo • Commerce de détail • 7 800 pi² • À vendre 7 298 854 $ CAD • South Bend, IN 46617
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Faits saillants de l'investissement
- The property features a patio overlooking the St. Joseph River.
- The lease has eight years of term remaining.
- The triple net lease is guaranteed by the Navarre Hospitality Group.
- Construction is beginning on a second luxury mixed-use tower nearby.
Résumé de l'annonce
Cascade Prime Steak & Seafood presents the opportunity to acquire a net-leased fine dining asset located within The Cascade development in downtown South Bend, Indiana. The property is occupied by Cascade Prime Steak & Seafood and benefits from a triple net lease guaranteed by Navarre Hospitality Group, with approximately eight years remaining in the current term, two five-year renewal options, and 2.5% annual rent increases during the base term. The lease structure places landlord responsibilities on the tenant, providing a passive ownership profile supported by an established regional hospitality operator. Positioned along the St. Joseph River, the restaurant features patio seating overlooking the riverfront and sits adjacent to cultural and entertainment destinations including the South Bend Museum of Art and Morris Performing Arts Center. The property is located approximately 1.5 miles from the University of Notre Dame, a major economic driver that contributes significant educational, employment, and visitor activity to the region. Nearby recreational amenities include Seitz Park, Burke Golf Course, Notre Dame Stadium, and other downtown attractions that support year-round visitation. The surrounding market benefits from a diverse economic base that includes higher education, healthcare, manufacturing, logistics, and technology. Memorial Hospital, the University of Notre Dame, and the downtown business district contribute to daily consumer demand in the immediate area. Demographic indicators show approximately 173,592 residents and 192,390 daytime employees and consumers within five miles of the property, supporting sustained activity in the trade area. The combination of a riverfront location, established tenant operation, contractual rent growth, and downtown South Bend positioning creates an investment opportunity supported by both local demand drivers and long-term regional economic fundamentals.
1 Unité disponible
- Unité
- Taille de l’unité
- Utilisation du condo
- Prix
- Revenu net d’exploitation
| Type de vente | Investissement | Taux de capitalisation | 5,25% |
| Type de vente | Investissement |
| Taux de capitalisation | 5,25% |
| Unité | Taille de l’unité | Utilisation du condo | Prix | Revenu net d’exploitation |
| Unité 100 | 7 800 pi² | Commerce de détail | 7 298 854 $ CAD (935,75 $ CAD/pi²) | 383 189,84 $ CAD |
Unité 100
| Taille de l’unité |
| 7 800 pi² |
| Utilisation du condo |
| Commerce de détail |
| Prix |
| 7 298 854 $ CAD (935,75 $ CAD/pi²) |
| Revenu net d’exploitation |
| 383 189,84 $ CAD |
Unité 100
| Taille de l’unité | 7 800 pi² |
| Utilisation du condo | Commerce de détail |
| Prix | 7 298 854 $ CAD (935,75 $ CAD/pi²) |
| Revenu net d’exploitation | 383 189,84 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 5,25% |
| Description | |
| The subject is a 7,800-square-foot fine dining restaurant operating as Cascade Prime Steak & Seafood. The property features a patio overlooking the St. Joseph River and is situated within a luxury mixed-use condominium development.</li></ul> | |
| Notes sur la vente | |
| Unique fine dining establishment on the St. Joseph River with high reported sales, located 1.5 miles south of Notre Dame. The property features a 7,800-square-foot space with a patio overlooking the river, backed by a triple net lease guaranteed by the Navarre Hospitality Group with eight years remaining.</li></ul> |
Faits sur la propriété
| Taille totale du bâtiment | 66 076 pi² | Superficie de plancher typique | 9 439 pi² |
| Type de propriété | Immeuble residentiel (Condo) | Année de construction | 2020 |
| Sous-type de propriété | Appartement | Taille du lot | 0,55 AC |
| Classe d’immeuble | B | Ratio de stationnement | 0,73/1 000 pi² |
| Planchers | 7 | Zone de développement économique |
Oui
|
| Zonage | C - Commerciale | ||
| Taille totale du bâtiment | 66 076 pi² |
| Type de propriété | Immeuble residentiel (Condo) |
| Sous-type de propriété | Appartement |
| Classe d’immeuble | B |
| Planchers | 7 |
| Superficie de plancher typique | 9 439 pi² |
| Année de construction | 2020 |
| Taille du lot | 0,55 AC |
| Ratio de stationnement | 0,73/1 000 pi² |
| Zone de développement économique |
Oui |
| Zonage | C - Commerciale |
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| 1+1 | 20 | - | - |
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320 E Colfax Ave - Three Twenty at the Cascade
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