Freestanding Drive-Through
New
For Sale
$2,437,675
530 W McKinley Ave, Mishawaka, IN 46545
Remodeled freestanding restaurant supported by a long-term NNN lease and established Burger King franchise operations.
Property Size4,115 SF
Lot Size1.00 Acre
Price / SF$592.39
Days on Market2
Property Features for 530 W McKinley Ave
General Information
Standard status
Active
Size
4,115 SF
Lot size
1.00 Acre
Property subtype
Restaurant
Lease Type
Triple Net (NNN)
Site & Location
Drive-Thru
Yes
Traffic Count
19,734 vehicles/day
Road Access
Yes
Additional Details
Cap Rate
5.85%
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)
Recently Remodeled in 2022 on ±1.00 Acre
McKinley Avenue Corridor (±19,734 VPD) Connecting Mishawaka and South Bend
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
4,115 SF
Year Renovated
2022
Listing Agency:
Marcus & Millichap | Indianapolis
(310) 909-2394
Listed By:
Jason Fefer · License #License(s): CA: 02100489
(310) 909-2394
Source:
Marcusmillichap
Added: Aug 9
Changed: Aug 10
Last Checked: Aug 10 at 5:11AM
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 freestanding Burger King restaurant includes a drive-through and approximately 4,115 square feet on approximately 1.00 acre. The building underwent remodeling in 2022 and is leased under a new 15-year NNN agreement with zero landlord responsibilities. The lease includes four five-year renewal options and scheduled 10% rent increases every five years. Crown Hospitality Partners, Inc., a 36-unit Burger King franchisee, provides the lease guaranty.
The property fronts McKinley Avenue, an east-west route reporting approximately 19,734 VPD. Nearby businesses include Kroger, Dollar Tree, Taco Bell, and Arby's. The surrounding 5-mile trade area includes 176,279 residents and an average household income of $94,565, with support from the University of Notre Dame, Bethel University, and Four Winds Field.
The property fronts McKinley Avenue, an east-west route reporting approximately 19,734 VPD. Nearby businesses include Kroger, Dollar Tree, Taco Bell, and Arby's. The surrounding 5-mile trade area includes 176,279 residents and an average household income of $94,565, with support from the University of Notre Dame, Bethel University, and Four Winds Field.
Key Highlights
- ±4,115‑square‑foot freestanding Burger King restaurant with drive‑through
- ±1.00‑acre site remodeled in 2022
- New 15‑year NNN lease with zero landlord responsibilities
Property Analytics
Current Use
Lease Details
19,734 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
587
Businesses Nearby
150k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 34%
Shops & Services 33%
Groceries 24%
Home Improvements & Furnishings 9%
Kroger
Groceries
35,957 visits/mo
0.3 miles
McDonald's
Dining
31,626 visits/mo
0.3 miles
Dollar Tree
Shops & Services
16,544 visits/mo
0.3 miles
Harbor Freight Tools
Home Improvements & Furnishings
13,462 visits/mo
0.2 miles
Popeyes Louisiana Kitchen
Dining
11,305 visits/mo
0.3 miles
Demographics for 46545, IN
26,312
Population
13,046
Households
2
Avg Household Size
37
Median Age
31%
College-Educated
94%
High-School Grad
18.3 sq mi
ZIP Area
1,438
Density / Sq Mi
$55,889
Median Household Income
$36,999
Median Earnings
$986
Median Rent
$174,700
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Drive through restaurant - Remodeled freestanding restaurant supported by a long-term NNN lease and established Burger King franchise operations.
Where is this drive through restaurant located?
The property is located at 530 W McKinley Ave Mishawaka, IN.
What is the asking price?
The asking price for this property is $2,437,675.
What are key features of this property?
This property features: ±4,115‑square‑foot freestanding Burger King restaurant with drive‑through; ±1.00‑acre site remodeled in 2022; New 15‑year NNN lease with zero landlord responsibilities
