Net-Leased Subway
For Sale
Contact for pricing
2086 N Reed Road, Kokomo, IN 46901
Single-tenant net-leased Subway on 1.17 acres, with a 10-year absolute net lease and scheduled 10% increases.
Property Size2,400 SF
Lot Size1.17 Acres
Days on Market125
Property Features for 2086 N Reed Road
General Information
Standard status
Active
Size
2,400 SF
Lot size
1.17 Acres
Property subtype
Retail
Building Details
Tenancy
Single
Listing Agency:
Marcus & Millichap - Indianapolis
(317) 218-5329
Listed By:
Damien Yoder · License #IN RB14050667
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 21 at 9:39PM
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.
Marcus & Millichap presents a single-tenant, net-leased Subway restaurant. The property is a 2,400-square-foot building on 1.17 acres, configured for restaurant operations and currently occupied under an absolute net lease structure. The tenant will sign a new 10-year absolute net lease at closing, with rent escalations of 10% every five years and three, five-year options, and the tenant will personally guarantee the lease throughout the original term.
The restaurant is located off State Road 931 on the north side of Kokomo, Indiana. The site is surrounded by other national retailers, including Arby’s, Wendy’s, Hardee’s, Save-a-Lot, and Family Dollar.
For rent structure, the annual rent is approximately eight percent of the annual store sales volume average over the previous three years, with the starting annual rent noted as $44,500. All other building expenditures are to be paid by the tenant.
The restaurant is located off State Road 931 on the north side of Kokomo, Indiana. The site is surrounded by other national retailers, including Arby’s, Wendy’s, Hardee’s, Save-a-Lot, and Family Dollar.
For rent structure, the annual rent is approximately eight percent of the annual store sales volume average over the previous three years, with the starting annual rent noted as $44,500. All other building expenditures are to be paid by the tenant.
Key Highlights
- 2,400 SF single‑tenant Subway on 1.17 acres off State Road 931 on the north side of Kokomo, IN.
- New 10‑year absolute net lease at closing with 10% rent increases every 5 years plus three, five‑year options.
- Starting annual rent set at $44,500; tenant pays all other building expenditures under the lease.
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
21
Businesses Nearby
4k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Shell
Shops & Services
3,555 visits/mo
0.2 miles
Demographics for 46901, IN
38,072
Population
18,307
Households
2.1
Avg Household Size
41
Median Age
17%
College-Educated
90%
High-School Grad
140.9 sq mi
ZIP Area
270
Density / Sq Mi
$61,041
Median Household Income
$37,107
Median Earnings
$869
Median Rent
$131,700
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?
Conventional restaurant - Single-tenant net-leased Subway on 1.17 acres, with a 10-year absolute net lease and scheduled 10% increases.
Where is this conventional restaurant located?
The property is located at 2086 N Reed Road Kokomo, IN.
What are key features of this property?
This property features: 2,400 SF single‑tenant Subway on 1.17 acres off State Road 931 on the north side of Kokomo, IN.; New 10‑year absolute net lease at closing with 10% rent increases every 5 years plus three, five‑year options.; Starting annual rent set at $44,500; tenant pays all other building expenditures under the lease.
