Freestanding Drive-Through
New
For Sale
$2,168,932
2801 Lincolnway E, Mishawaka, IN 46544
Remodeled in 2019, the freestanding building combines restaurant improvements with a new NNN lease.
Property Size3,780 SF
Lot Size1.50 Acres
Price / SF$573.79
Days on Market3
Property Features for 2801 Lincolnway E
General Information
Standard status
Active
Size
3,780 SF
Lot size
1.50 Acres
Property subtype
Restaurant
Occupancy
100%
Lease Type
Triple Net (NNN)
Site & Location
Drive-Thru
Yes
Traffic Count
19,504 vehicles/day
Additional Details
Cap Rate
5.8%
Amenities
New 15-Year NNN Lease with Zero Landlord Responsibilities
Four (4) Five-Year Renewal Options, Up to 35 Years of Total Occupancy
Scheduled 10% Rent Increases Every Five Years
Guaranteed by Crown Hospitality Partners, Inc. (36-Unit Burger King Franchisee)
±1.50-Acre Site Remodeled in 2019 w/ Drive-Thru
Lincolnway East/SR 933 (±19,504 VPD) and Capital Avenue (±24,443 VPD)
Near the University of Notre Dame (13,129 Students) and Bethel University (1,134 Students)
South Bend-Mishawaka MSA (326,282 Residents) w/ $1B+ Active Downtown Development
Building Details
Building Size
3,780 SF
Year Renovated
2019
Buildings
1
Tenancy
Single
Listing Agency:
Marcus & Millichap | Indianapolis
(310) 909-2394
Listed By:
Jason Fefer · License #License(s): CA: 02100489
(310) 909-2394
Source:
Marcusmillichap
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 9 at 1:11PM
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.
The freestanding conventional restaurant contains ±3,780 square feet and includes a drive-thru. Remodeling was completed in 2019. The property occupies ±1.50 acres at 2801 Lincolnway E in Mishawaka, Indiana, and is subject to a new 15-year NNN lease with zero landlord responsibilities and four five-year renewal options.
The site fronts Lincolnway East/SR 933, which carries ±19,504 VPD, near Capital Avenue with ±24,443 VPD. The corridor includes Taco Bell, Wendy's, Dunkin', and Dollar General. The lease carries a 5.80% cap rate, scheduled 10% increases every five years, and a guaranty from Crown Hospitality Partners, Inc., a 36-unit Burger King franchisee.
The site fronts Lincolnway East/SR 933, which carries ±19,504 VPD, near Capital Avenue with ±24,443 VPD. The corridor includes Taco Bell, Wendy's, Dunkin', and Dollar General. The lease carries a 5.80% cap rate, scheduled 10% increases every five years, and a guaranty from Crown Hospitality Partners, Inc., a 36-unit Burger King franchisee.
Key Highlights
- ±3,780‑square‑foot freestanding restaurant with drive‑thru
- Remodeled in 2019 on ±1.50 acres
- New 15‑year NNN lease with zero landlord responsibilities
Property Analytics
Current Use
Lease Details
19,504 VPD
Traffic count
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
130
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 46544, IN
31,571
Population
13,661
Households
2.3
Avg Household Size
38
Median Age
25%
College-Educated
88%
High-School Grad
39.8 sq mi
ZIP Area
793
Density / Sq Mi
$57,873
Median Household Income
$40,120
Median Earnings
$1,018
Median Rent
$151,100
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 - Remodeled in 2019, the freestanding building combines restaurant improvements with a new NNN lease.
Where is this conventional restaurant located?
The property is located at 2801 Lincolnway E Mishawaka, IN.
What is the asking price?
The asking price for this property is $2,168,932.
What are key features of this property?
This property features: ±3,780‑square‑foot freestanding restaurant with drive‑thru; Remodeled in 2019 on ±1.50 acres; New 15‑year NNN lease with zero landlord responsibilities
