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2621 E Center St

Warsaw, IN 46580

$3,018,323

Restaurant For Sale  •  6,143 Sq Ft

Property Details

  • Property Type Restaurant
  • Total Building Size 6,143 Sq Ft
  • Lot Size 1.84 ac
  • Building Class C
  • Year Built 1998
  • Cap Rate 6.50 %
  • Tenancy Single
  • Zoning C-3 A
0 Transit Score
48 Walk Score

Description

Property is highly visible from Lake City Highway 30 (over 30,000 VPD) and easily accessible from surface roads. Highway 30 is the primary east-west commercial and logistics corridor in the region.

Highlights

New Lease Extension
Excellent Rent-to-Sales Ratio of 6%
Ideal Highway Exit Location
Absolute Net Lease Structure
Core Location Where Highway 30 Meets Center Street
County Seat - Low Unemployment with High Incomes

Financial Summary

Cap Rate: 6.50 %

Major Tenants

Tenant SF Occupied Lease End Date
Applebee's 6,143 SF 9/30/2024
Anne Perrault 918-494-2690 Stan Johnson Company
Anne Perrault 918-494-2690 Stan Johnson Company