Warsaw Retail for Sale

Marcus & Millichap is pleased to present the opportunity to acquire a freestanding Popeyes drive-thru located at 3501 Lake City Highway in Warsaw, Indiana, the commercial hub of Kosciusko County. The ±1,958-square-foot restaurant, built in 2022, sits on ±0.67 acres and is secured by a brand-new 20-year absolute NNN lease commencing June 2026, with zero landlord responsibilities and four (4) five-year renewal options and scheduled 10% rent increases every five years delivering consistent organic income growth and long-term inflation protection. The property is operated by an award-winning, experienced Popeyes franchisee with an extensive portfolio across the Greater Chicago Area, Indiana, Michigan, and Wisconsin, recognized as 2024 Popeyes Developer of the Year and 2022 Popeyes Franchisee of the Year, with a personal guaranty in place (inquire with agent for details). The property is positioned along Lake City Highway (US-30) at its intersection with E Old Rd 30 (±5,690 VPD), Warsaw's primary east-west commercial corridor carrying ±25,422 VPD, with adjacent neighbors including Rural King, Dollar General, Wings Etc., and Paragon Medical. The 5-mile trade area supports 57,060 residents with an average household income of $98,611, and the 3-mile population of 21,488 benefits from a strong daytime employment base anchored by Zimmer Biomet, DePuy Synthes Johnson & Johnson MedTech, Autocam Medical, and Grace College (2,485 enrollment). Warsaw's orthopedic industry supports 13,000 local jobs and approximately one-third of global orthopedic manufacturing, underpinning a stable, growing regional economy with long-term net-lease demand.

Property Subtype:

Fast Food

Date on Market:

2026-07-09

South Bend Retail for Sale - Greater South Bend

This offering presents a rare opportunity to acquire a newer construction, passive net lease asset occupied by Valvoline, a nationally recognized and publicly traded tenant with a strong and expanding footprint across North America. The property is secured by a long-term absolute NNN lease with about 10 years remaining, providing stable income with no landlord responsibilities. The investment is further strengthened by an experienced multi-unit operator with a personal guaranty, adding an additional layer of security. The property sits in a highly active retail corridor directly across from major national retailers including Walmart, Menards, and Lowe's, which helps drive consistent traffic to the area. Located in South Bend, the market is anchored by University of Notre Dame, supporting a stable local economy with year-round demand from students, faculty, and visitors.

Property Subtype:

Freestanding

Date on Market:

2026-06-30

Albion Retail for Sale

The Klink Group of Marcus & Millichap is pleased to present for sale the Dollar General Market in Albion, Indiana. The Property is secured by a brand-new 10-year lease with Dollar General, providing investors with long-term cash flow backed by one of the nation’s largest and most established discount retailers. The lease structure is Triple-Net (NNN), requiring the tenant to reimburse real estate taxes, insurance, common area maintenance expenses through monthly CAM contributions, and assume responsibility for HVAC maintenance and replacement. Landlord responsibilities are limited to roof and structural components, while also administering common area maintenance, creating a favorable balance of passive ownership and asset oversight.

Property Subtype:

Supermarket

Date on Market:

2026-06-17

Niles Retail for Sale

Property Subtype:

Freestanding

Date on Market:

2026-06-09

Three Rivers Retail for Sale

This property is a 44,800-square-foot, two-tenant retail center located along the primary commercial corridor of US-131 with strong visibility and access. The center is anchored by Tractor Supply, which recently extended its lease through July 2038 and received a $200,000 tenant improvement allowance as part of the extension, demonstrating a long-term commitment to the location. The asset offers stable occupancy and long-term tenancy within a well-positioned retail location serving the surrounding trade area.

Property Subtype:

Freestanding

Date on Market:

2026-05-26

Mishawaka Flex for Sale

Well-maintained flex/office/warehouse property for sale on highly visible Lincolnway East in Mishawaka. Zoned C-1 Commercial, the property is currently operating as a daycare and leased NNN at $74,267.55/Yr Property includes 4,500 SF of finished first-floor, 2,375 SF mezzanine 2nd floor, and 5,320 SF warehouse space with 3 overhead doors, heavy power, high ceilings, and floor drain. Excellent access, visibility, and long-term flexibility for investors or future owner-users. Property Highlights Commercial Zoning C-1 Commercial zoning supports a variety of commercial uses, subject to municipal approval Office Layout Nicely finished office space with private offices, reception/waiting area, work room, and break room Mezzanine 2,375 SF mezzanine office accessed by a spiral lobby staircase Warehouse 5,320 SF warehouse section with high ceilings Loading/Access 3 overhead doors Utility Features Heavy power and floor drain Visibility Strong frontage and access on Lincolnway East Investment Appeal In-place NNN tenant provides income with tenant reimbursement structure

Date on Market:

2026-05-26

South Bend Retail for Sale - Greater South Bend

This freestanding Walgreens property offers a rare opportunity to acquire a long-term, absolute NNN leased asset in South Bend, Indiana. Built in 2005, the ±14,820 SF building sits on a ±2.14-acre parcel at the high-visibility intersection of West Cleveland Road and North Bendix Drive, with direct exposure to the Indiana Toll Road. The site benefits from strong traffic counts exceeding 26,000 ADT and a dense trade area of over 115,000 residents with an average household income of $76,000. The property is strategically positioned adjacent to Aldi and Goodwill, with Meijer and Super Walmart nearby, ensuring consistent consumer traffic. Walgreens, ranked among Fortune’s “World’s Most Admired Companies,” operates under a 75-year lease with an absolute NNN structure, providing investors with zero landlord responsibilities. The current lease term extends until May 31, 2080, with the next termination option in 2030, offering exceptional stability. Base rent is $26,775 per month, generating a strong NOI of $321,300 and a competitive 11.08% cap rate. This investment combines credit tenancy, long-term income security, and prime location fundamentals, making it an ideal addition to any portfolio seeking reliable cash flow and minimal management obligations.

Property Subtype:

Drug Store

Date on Market:

2025-09-08

Elkhart Retail for Sale - Outlying Elkhart County

Use the link in the OM & Flyer to get the auction & full property information. VALUE-ADD MULTI-TENANT RETAIL | NEW 2024 ROOF Starting Bid: $500,000 Auction Event: July 13-15, 2026

Property Subtype:

Freestanding

Date on Market:

2026-05-22