Mishawaka, IN (South Bend MSA) 46545

Saltgrass Steak House Ground Lease

Property Address

5126 North Main Street, Mishawaka, IN, USA

Offering Summary

  • Price: $2,393,000
  • Lot Size: 1.73 Acres
  • Cap Rate: 5.85%
  • Year Built: 2024
  • Building SF: 6,490
  • Status: Available
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  • 17+ Years Remaining on NNN Ground Lease with Corporate Guaranty
  • 10 Percent Rental Increases Every Five Years with Multiple Renewal Options
  • Excellent Rent to Sales Ratio | Top Performing Location
  • Dense Trade Area in the South Bend MSA - 154,410 Residents within 5 Miles
  • Located in the Largest Retail Corridor in Northern Indiana - Surrounding Tenants Include Walmart, Sam’s Club, Target, Lowe’s, Meijer, and The Home Depot
  • 3 Miles East of the University of Notre Dame (12,700+ Students)
  • Adjacent to St. Joseph Regional Medical Center: 254 Beds and 3,000+ Employees
  • Excellent Frontage Along North Main Street (28,700+ Cars per Day), with Over 47,000 Cars per Day at the Intersection of Main Street and Douglas Road
  • Less Than 1 Mile Off the I-90 Freeway, a Significant Connector with Direct Access to Chicago and Toledo
  • Saltgrass Steak House's Parent Company Operates 500+ Restaurants Globally

Broker Information