3501 Lake City Hwy Warsaw, IN 46580

Listing agency Marcus & Millichap | Indianapolis j***@marcusmillichap.com Show Phone

Listed by Jason Fefer · License #License(s): CA: 02100489 Show Phone

Source Marcusmillichap

Added: Jun 22 Updated: Jul 22 at 2:12PM Checked: Jul 22 at 2:12PM

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Investment Insights

Based on property information with market context.

Marcus & Millichap is pleased to present a freestanding Popeyes drive-thru restaurant built in 2022. The 1,958-square-foot property sits on 0.67 acres and is secured by a brand-new 20-year absolute NNN lease commencing June 2026, with zero landlord responsibilities and four (4) five-year renewal options. Scheduled annual base rent of $160,000 begins August 2026, with 10% rent increases every five years.

The property is located along Lake City Highway (US-30) at its intersection with E Old Rd 30, with reported 15,690 VPD at the intersection and 25,422 VPD along Warsaw’s primary east-west commercial corridor. Adjacent and nearby businesses include Rural King, Dollar General, Wings Etc., and Paragon Medical.

The offering reflects an operating history by a Popeyes franchisee with an extensive multi-state portfolio and a personal guaranty in place (details available with the agent).

Key Highlights

• 1,958 SF Popeyes drive‑thru restaurant built in 2022 on 0.67 acres in Warsaw, IN
• New 20‑year absolute NNN lease begins June 2026 with zero landlord responsibilities and four 5‑year renewal options
• Annual base rent $160,000 starts August 2026 with scheduled 10% rent increases every five years

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FAQs

What type of property is this?

Drive through restaurant - 2022-built restaurant with drive-through on an absolute NNN lease beginning June 2026.

Where is this drive through restaurant located?

The property is located at 3501 Lake City Hwy Warsaw, IN.

What is the asking price?

The asking price for this property is $2,601,626.

What are key features of this property?

This property features: 1,958 SF Popeyes drive‑thru restaurant built in 2022 on 0.67 acres in Warsaw, IN; New 20‑year absolute NNN lease begins June 2026 with zero landlord responsibilities and four 5‑year renewal options; Annual base rent $160,000 starts August 2026 with scheduled 10% rent increases every five years