NNN Leased Restaurant
2401 E Center St Warsaw, IN 46580
2401 E Center St, Warsaw, IN, 46580
$2,190,000
For Sale
$2,190,000
Long-term NNN lease with zero landlord responsibilities.
Property Size3,200 SF
Price / SF$684.38
Days on Market100
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 Updated: Jul 10 at 1:15PM 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
Similar For Sale Nearby
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.