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530 W Mckinley Ave
Mishawaka, IN 46545
Burger King | New 15-Yr NNN | Mishawaka, IN · Commerce de détail Propriété À vendre
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Faits saillants de l'investissement
- New 15-Year NNN Lease with Zero Landlord Responsibilities
- Scheduled 10% Rent Increases Every Five Years
- Recently Remodeled in 2022 on ±1.00 Acre
- Four (4) Five-Year Renewal Options, Up to 35 Years of Total Occupancy
- Guaranteed by Crown Hospitality Partners, Inc. (36-Unit Burger King Franchisee)
- McKinley Avenue Corridor (±19,734 VPD) Connecting Mishawaka and South Bend
Résumé de l'annonce
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.
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.
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
4 115 pi²
Classe d’immeuble
C
Année de construction
1985
Prix
3 361 408 $ CAD
Prix par pi²
816,87 $ CAD
Taux de capitalisation
5,85%
Revenu net d’exploitation
196 642 $ CAD
Location
Unique
Hauteur du bâtiment
1 étage
Coefficient d’occupation des sols de l’immeuble
0,09
Taille du lot
1,00 AC
Stationnement
45 places (10,94 places par 1 000 pi² loué)
Façade
110’ sur Mckinley Ave
Commodités
- Enseigne sur pylône
- Affichage
- Service au volant
Impôts fonciers
| Numéro de lot | 71-09-04-376-010.000-023 | Évaluation des bâtiments | 377 938 $ CAD |
| Évaluation du terrain | 231 617 $ CAD | Évaluation totale | 609 556 $ CAD |
Impôts fonciers
Numéro de lot
71-09-04-376-010.000-023
Évaluation du terrain
231 617 $ CAD
Évaluation des bâtiments
377 938 $ CAD
Évaluation totale
609 556 $ CAD
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