List Search

2401 E Center St
Warsaw, IN 46580

$2,190,000 USD

Fast Food For Sale  •  3,256 SF

Property Details

  • Property Type Fast Food
  • Total Building Size 3,256 SF
  • Lot Size 0.77 AC
  • Building Class C
  • Year Built 1970
  • Cap Rate 9.23 %
  • Tenancy Single
50 Walk Score

Highlights

18 Years Remaining on Absolute NNN Lease-Tenant is responsible for all expenses at the property (RETaxes, Insurance, Roof, Structure, Parking Lot)
Annual Rental Escalators-2% annual rental increases during base term (12.92% Cap Rate @ Year 20)
4x5 Renewal Option Periods with 2% annual rental increases
Next to Hard-Corner, Signalized Intersection-Main corridor location and direct access to US-30
Strong Traffic & Retail Presence-Surrounded by various local, regional and national retailers and experiences +/-22,000 VPD

Property Flyers

Cap Rate: 9.23 %
Jordan Klink 317-218-5316 Marcus & Millichap
Jordan Klink 317-218-5316 Marcus & Millichap