Goshen Retail for Sale - Outlying Elkhart County
Marcus & Millichap is pleased to present a freestanding Burger King with drive-thru located at 1911 Lincolnway East in Goshen, Indiana, within the Elkhart-Goshen MSA. The ±3,910-square-foot restaurant, remodeled in 2022, sits on ±1.28 acres and is secured by a new 16-year NNN lease with zero landlord responsibilities and four (4) five-year renewal options. Annual base rent of $156,915 produces a 5.90% 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/U.S. 33 (±17,720 VPD), a primary commercial corridor serving Goshen, with neighbors including Menards, Walmart, ALDI, Walgreens, and Dunkin'. The 5-mile trade area holds 44,074 residents with an average household income of $94,866, supported by Goshen College (847 students), Goshen Hospital, and Goshen High School (1,717 students). The Elkhart-Goshen MSA supports 208,702 residents and is anchored by major RV manufacturers including THOR Industries, Forest River, and Lippert. 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.
