Skip to main content

Shopping Strip

Mission BBQ & Crumbl Cookies

5230 N Main St, Mishawaka, IN 46545

Listing Price: $3,940,000

Cap Rate
6.00%
Gross SF
6,677
Rentable SF
6,677
Price/Gross SF
$590.09
Lot Size
1.39 acres
Year Built
2021

Investment Overview

Mission BBQ opened on the tenth anniversary of September 11th with the goal to create delicious, authentic BBQ and to honor, support, and give back to Our American Heroes - those who Protect, Serve, and Save. With over 100 restaurants in 18 U.S. states (mainly in the South and East Coast), the company plans to open 20-25 new restaurants each year. Founded in 2017, Crumbl Cookies has quickly risen as the fastest growing and second-largest cookie company in the nation. Crumbl operates over 300 bakeries in 36 U.S. states with over 12,000 employees. The company’s CEO and co-founder anticipates Crumbl will grow to 600-750 stores by the end of 2022. Mishawaka is located on the St. Joseph River in northern Indiana, adjacent to the city of South Bend. Mishawaka, known as “the Princess City,” is a growing commercial city home to a growing population, major business expansion, and record-breaking new construction.

Investment Highlights

  • New 10-Year Triple-Net (NNN) Leases with Fast-Growing National Chains
  • Crumbl Cookies has Two Percent Annual Rental Increases; Mission BBQ has 10 Percent Rental Increases Every Five Years
  • 156,282 Residents within a Five-Mile Radius - South Bend MSA
  • Strong Performing Location: Mission BBQ Recently Expanded Space to Facilitate Increased Customer Volume
  • Brand New High-Quality Construction in 2021
  • Located in the Largest Retail Corridor in Northern Indiana - Surrounding Retail Tenants Include Walmart, Sam's Club, Target, Lowe's, Meijer, Hobby Lobby, Chick-fil-A, Chipotle, The Home Depot, Target, and More
  • 3 Miles East of the University of Notre Dame (12,700+ Students)
  • Adjacent to St. Joseph Regional Medical Center: 254 Beds | 3,000+ Employees

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Financing By

Shopping Strip

Mission BBQ & Crumbl Cookies

Listing Price: $3,940,000

Cap Rate
6.00%
Gross SF
6,677
Rentable SF
6,677
Price/Gross SF
$590.09
Lot Size
1.39 acres
Year Built
2021

Investment Highlights

  • New 10-Year Triple-Net (NNN) Leases with Fast-Growing National Chains
  • Crumbl Cookies has Two Percent Annual Rental Increases; Mission BBQ has 10 Percent Rental Increases Every Five Years
  • 156,282 Residents within a Five-Mile Radius - South Bend MSA
  • Strong Performing Location: Mission BBQ Recently Expanded Space to Facilitate Increased Customer Volume
  • Brand New High-Quality Construction in 2021
  • Located in the Largest Retail Corridor in Northern Indiana - Surrounding Retail Tenants Include Walmart, Sam's Club, Target, Lowe's, Meijer, Hobby Lobby, Chick-fil-A, Chipotle, The Home Depot, Target, and More
  • 3 Miles East of the University of Notre Dame (12,700+ Students)
  • Adjacent to St. Joseph Regional Medical Center: 254 Beds | 3,000+ Employees

Investment Overview

Mission BBQ opened on the tenth anniversary of September 11th with the goal to create delicious, authentic BBQ and to honor, support, and give back to Our American Heroes - those who Protect, Serve, and Save. With over 100 restaurants in 18 U.S. states (mainly in the South and East Coast), the company plans to open 20-25 new restaurants each year. Founded in 2017, Crumbl Cookies has quickly risen as the fastest growing and second-largest cookie company in the nation. Crumbl operates over 300 bakeries in 36 U.S. states with over 12,000 employees. The company’s CEO and co-founder anticipates Crumbl will grow to 600-750 stores by the end of 2022. Mishawaka is located on the St. Joseph River in northern Indiana, adjacent to the city of South Bend. Mishawaka, known as “the Princess City,” is a growing commercial city home to a growing population, major business expansion, and record-breaking new construction.

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

Financing By

MM Texture Background
MM Textured Background Lower