NNN Leased Restaurant
2401 E Center St Warsaw, IN 46580
For Sale
$2,190,000
Long-term NNN lease with zero landlord responsibilities.
Property Size3,200 SF
Price / SF$684.38
Days on Market101
Property Features for 2401 E Center St
General Information
- Standard status
- Active
- Size
- 3,200 SF
- Property subtype
- Restaurant
Listing Agency:
Marcus & Millichap - Indianapolis
(317) 218-5316
Listed By:
Jordan Klink · License #License(s): IN: RB14043752
(317) 218-5316
Source:
Marcusmillichap
Added: Apr 15
Changed: Jul 10
Last Checked: Jul 23 at 2:34AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Indianapolis
Investment Insights
Based on property information with market context.
This offering presents the opportunity to acquire a quick-service restaurant with an absolute NNN lease in Warsaw, Indiana. The property benefits from a long-term lease with approximately 18 years of remaining term, ensuring a passive ownership structure with no landlord responsibilities. The tenant, Beef-A-Roo, Inc., operates under a proven and expanding Midwest concept, combining strong brand recognition with an aggressive growth strategy. The lease includes 2% annual rental increases throughout the base term and each of the four, five-year option periods. The lease is backed by a corporate guaranty from Elysian Capital during the lease term and a personal guaranty through 2029. The property is positioned along E. Center Street, which experiences approximately 23,000 vehicles per day, and is near IN US-30, Warsaw’s primary retail corridor that experiences approximately 30,000 vehicles per day. The site also sits next to a signalized intersection, enhancing accessibility and consumer traffic. The 3,200-square-foot restaurant is located in a prime retail corridor, offering strong visibility and proximity to a dense concentration of national retailers. The investment delivers an attractive yield with built-in rent growth, projecting a cap rate exceeding 12% by year 20.
Key Highlights
- Absolute NNN lease with 18 years remaining, offering passive income.
- Corporate and personal guaranty providing financial security.
- 2% annual rental increases throughout the term.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Drive through restaurants
FAQs
What type of property is this?
Drive through restaurant - Long-term NNN lease with zero landlord responsibilities.
Where is this drive through restaurant located?
The property is located at 2401 E Center St Warsaw, IN.
What is the asking price?
The asking price for this property is $2,190,000.
What are key features of this property?
This property features: Absolute NNN lease with 18 years remaining, offering passive income.; Corporate and personal guaranty providing financial security.; **2% annual rental increases** throughout the term.
