Net Lease Fine Dining Near Notre Dame — Sale in South Bend, IN
- Price: Contact for price
- Listing type: For sale
- Asset type: Business
- Location: South Bend, IN 46617
Photos
Investment Figures
- Cap rate
- 5.25%
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
Subject is a 7,800 Square-Foot Fine Dining Establishment with Patio Overlooking the St. Joseph River and South Bend Museum of Art. The Triple Net Lease is Guaranteed by the Navarre Hospitality Group, the Premier Award Winning Fine Dining Restauranteur in Northern Indiana and Southern Michigan. The lease has Eight Years Remaining While Hitting its Percentage Rent Cap Every Year. Investment Highlights: • Cascade Sits 1.5 Miles South of the University of Notre Dame, Which Generates an Estimated $3.3 Billion in Annual Economic Impact to the South Bend Region • Construction is Beginning on the Second Luxury Mixed-Use Tower, Adding to the Already Strong Local Demographics • Thriving Community with an Average Household Income of Over $74K within One Mile of the Subject Asset, as of 2025 • Subject Sits in Downtown South Bend with a Population of 103k • Parks and Outdoor Recreational Facilities Nearby Include: Seitz Park, South Bend Museum of Art, Morris Performing Arts Center, Bendix Arena, Burke Golf Course, Notre Dame Stadium, and More
Market Context
This food service in South Bend, IN is listed for sale. It is offered at an approximate 5.2% capitalization rate, a key benchmark for income-producing food service assets. Compare it against other food service listings for sale in South Bend, IN — view the full market.
Contact
- Jesse Limon · (212) 430-5291 · jesse.limon@marcusmillichap.com
- Julia Evinger · (317) 218-5300
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