NNN Leased Restaurant
For Sale
$2,190,000
2401 E Center St, Warsaw, IN 46580
Long-term NNN lease with zero landlord responsibilities.
Property Size3,200 SF
Price / SF$684.38
Days on Market146
Property Features for 2401 E Center St
General Information
Standard status
Active
Size
3,200 SF
Property subtype
Restaurant
Lease Type
Absolute Net
Amenities
18 Years Remaining on Absolute NNN Lease-Tenant is responsible for all expenses at the property (Real Estate Taxes, Insurance, Roof, Structure and Parking Lot).
Annual Rental Escalators-2% annual rental increases during base term (12.92% Cap Rate @ Year 20) and throughout each four, five-year option renewal periods.
Lease is guaranteed by Elysian Capital (Private Equity) as well as Personal Guarantee (thru 2029).
Next to Hard-Corner, Signalized Intersection-Main corridor location and direct access to US-30 (+/-30,000 VPD), main highway that encircles Warsaw.
Strong Traffic & Retail Presence-Surrounded by various local, regional and national retailers and experiences +/-22,000 VPD.
Building Details
Building Size
3,200 SF
Listing Agency:
Marcus & Millichap - Indianapolis
Listed By:
Jordan Klink · License #License(s): IN: RB14043752
(317) 218-5316
Source:
Marcusmillichap
Added: Apr 15
Changed: Aug 31
Last Checked: Sep 7 at 5:02AM
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
Current Use
Location Intelligence
Trade Area within ½ mile
385
Businesses Nearby
192k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 38%
Dining 38%
Groceries 24%
Hotels & Casinos 1%
Kroger
Groceries
45,395 visits/mo
0.1 miles
Gabe's
Shops & Services
30,321 visits/mo
0.5 miles
Burger King
Dining
18,241 visits/mo
0.5 miles
Taco Bell
Dining
15,699 visits/mo
0.5 miles
Family Express
Shops & Services
15,519 visits/mo
0.3 miles
Demographics for 46580, IN
22,381
Population
8,873
Households
2.5
Avg Household Size
38
Median Age
25%
College-Educated
88%
High-School Grad
71.1 sq mi
ZIP Area
315
Density / Sq Mi
$70,978
Median Household Income
$40,231
Median Earnings
$963
Median Rent
$175,700
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
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.
