About This Restaurant
Investment Highlights
LONG TERM ABSOLUTE NNN LEASE BRAND NEW CONSTRUCTION | ?CHIPOTLANE? DRIVE-THRU PROXIMITY TO MAJOR UNIVERSITIES CORPORATE LEASE I INDUSTRY LEADING TENANT EXCELLENT SUBRUBAN SOUTH BEND DEMOGRAPHICS
Executive Summary
Mid-America Real Estate Corporation has been retained on behalf of the owner to sell a brand-new construction, 2,350 square foot Chipotle Mexican Grill with a drive-thru in Mishawaka, IN. The subject property is ideally positioned along Lincolnway East (State Highway 933) and features a 15-year absolute NNN lease.
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Restaurant
- Building Size 2,350
- Year Built 2023
- Price 2,962,000
- Price Per SF 1,260
- Cap Rate 5.30
- NOI 157,000
- Percent Leased 100
- Building Height 1 Story
- Building FAR 0.02
- Land Acres 2.50 AC
Property Taxes
| Parcel Number | 71-10-18-179-013.000-023 | Improvements Assessment | $122,000 |
| Land Assessment | $4,100 | Total Assessment | $126,100 |
| Date Created: | 2024-07-16 04:13:41 | Last Updated: | 2024-07-16 04:13:41 |
| Address: | 4411 Lincolnway E , Mishawaka, Indiana, 46544 | ||