Burger King | New 15-Yr NNN | 36-Unit Guaranty | 2022… — Sale in Mishawaka, IN

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Mishawaka, IN 46545

Photos

Burger King | New 15-Yr NNN | 36-Unit Guaranty | 2022… — Sale in Mishawaka, IN, photo 1 of 3
Burger King | New 15-Yr NNN | 36-Unit Guaranty | 2022… — Sale in Mishawaka, IN, photo 2 of 3
Burger King | New 15-Yr NNN | 36-Unit Guaranty | 2022… — 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 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 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 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. 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) • Recently Remodeled in 2022 on ±1.00 Acre • McKinley Avenue Corridor (±19,734 VPD) Connecting Mishawaka and South Bend • 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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