Burger King | New 15-Yr NNN | 36-Unit Guaranty |… — Sale in Mishawaka, IN

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Mishawaka, IN 46544

Photos

Burger King | New 15-Yr NNN | 36-Unit Guaranty |… — Sale in Mishawaka, IN, photo 1 of 3
Burger King | New 15-Yr NNN | 36-Unit Guaranty |… — Sale in Mishawaka, IN, photo 2 of 3
Burger King | New 15-Yr NNN | 36-Unit Guaranty |… — Sale in Mishawaka, IN, photo 3 of 3

Investment Figures

Cap rate
6.00%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

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 6.00% 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. Investment Highlights: • New 15-Year NNN Lease with Zero Landlord Responsibilities • Four (4) Five-Year Renewal Options, Up to 35 Years of Total Occupancy • Scheduled 10% Rent Increases Every Five Years • Guaranteed by Crown Hospitality Partners, Inc. (36-Unit Burger King Franchisee) • ±1.50-Acre Site Remodeled in 2019 w/ Drive-Thru • Lincolnway East/SR 933 (±19,504 VPD) and Capital Avenue (±24,443 VPD) • Near the University of Notre Dame (13,129 Students) and Bethel University (1,134 Students) • South Bend-Mishawaka MSA (326,282 Residents) w/ $1B+ Active Downtown Development

Market Context

This food service in Mishawaka, IN is listed for sale. It is offered at an approximate 6.0% capitalization rate, a key benchmark for income-producing food service assets. Compare it against other food service listings for sale in Mishawaka, IN — view the full market.

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