Net-Leased Subway
2086 N Reed Road Kokomo, IN 46901
2086 N Reed Road, Kokomo, IN, 46901
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For Sale
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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 Market104
Property Features for 2086 N Reed Road
General Information
- Standard status
- Active
- Size
- 2,400 SF
- Lot size
- 1.17 Acres
- Property subtype
- Retail
Listing agency
Marcus & Millichap - Indianapolis
(317) 218-5329
Listed by
Damien Yoder · License #IN RB14050667
Source
Crexi
Added: Apr 10 Updated: Jul 21 at 9:39PM 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
Location Intelligence
Current Use by Public Records
Subway
Take-out & Catering
Similar For Sale Nearby
FAQs
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.
