Burger King | New 16-Yr NNN | 36-Unit Guaranty | 2022… — Sale in Goshen, IN

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Goshen, IN 46526

Photos

Burger King | New 16-Yr NNN | 36-Unit Guaranty | 2022… — Sale in Goshen, IN, photo 1 of 3
Burger King | New 16-Yr NNN | 36-Unit Guaranty | 2022… — Sale in Goshen, IN, photo 2 of 3
Burger King | New 16-Yr NNN | 36-Unit Guaranty | 2022… — Sale in Goshen, 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 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 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/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. Investment Highlights: • New 16-Year NNN Lease with Zero Landlord Responsibilities • Four (4) Five-Year Renewal Options, Up to 36 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 ±1.28 Acres w/ Drive-Thru • Lincolnway East/U.S. 33 (±17,720 VPD) Commercial Corridor • 5-Mile Population of 44,074 w/ $94,866 Average Household Income • Elkhart-Goshen MSA (208,702 Residents) Anchored by THOR Industries, Forest River, and Lippert

Market Context

This food service in Goshen, 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 Goshen, IN — view the full market.

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