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NNN Leased Restaurant Investment

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
Listed by Jordan Klink · License #License(s): IN: RB14043752
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

Suggested Use

Law Firm Electrical Service Bakery Plumbing Service (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Locksmith Carpet & Flooring Store HVAC Service Catering Service

Zoning and permitted uses should be independently verified with local authorities.

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.
Contact an agent
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