Skip to main content

Restaurant

Chuck E Cheese Ground Lease | New 5-Yr. Lease Renewal

1919 S Reed Rd, Kokomo, IN 46902

Listing Price: $1,500,000

Cap Rate
6.20%
Tenant Name
Chuck E Cheese's
Years Remaining On Lease
5.6
Guarantor
Corporate Guarantee
Rentable SF
9,924
Lease Type
Ground Lease
Rent Per Square Feet
$9.37

Investment Overview

Marcus & Millichap is pleased to present the Chuck E Cheese's in Kokomo, IN.

Investment Highlights

  • 5 Years Remaining, Absolute NNN Ground Lease with No Landlord Responsibilities
  • 19-Year Operating History at this Location, Proven Concept in the Trade Area
  • Corporate Guaranty, World's Largest Family Entertainment Center with 720 Locations in 47 States and 16 Countries
  • Well Below Replacement Cost at $151/SF and Below Market Rent at $9.37/SF
  • Serving a Large Trade Area of Over 100,000 Residents, 57 Miles North of Downtown Indianapolis
  • Adjacent to Chrysler's 3.1 Million SF Transmission Plant with 4,031 Employees, Chrysler Recently Invested $400 Million to Transform Plant
  • Outparcel to Recently Redeveloped Kokomo Town Center Anchored by Gabe's and AMC Showplace 12
  • Across from Regional Power Center Anchored by Kohl's, TJ Maxx, Old Navy, Petco, and ULTA

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Financing By

Restaurant

Chuck E Cheese Ground Lease | New 5-Yr. Lease Renewal

Listing Price: $1,500,000

Cap Rate
6.20%
Tenant Name
Chuck E Cheese's
Years Remaining On Lease
5.6
Guarantor
Corporate Guarantee
Rentable SF
9,924
Lease Type
Ground Lease
Rent Per Square Feet
$9.37

Investment Highlights

  • 5 Years Remaining, Absolute NNN Ground Lease with No Landlord Responsibilities
  • 19-Year Operating History at this Location, Proven Concept in the Trade Area
  • Corporate Guaranty, World's Largest Family Entertainment Center with 720 Locations in 47 States and 16 Countries
  • Well Below Replacement Cost at $151/SF and Below Market Rent at $9.37/SF
  • Serving a Large Trade Area of Over 100,000 Residents, 57 Miles North of Downtown Indianapolis
  • Adjacent to Chrysler's 3.1 Million SF Transmission Plant with 4,031 Employees, Chrysler Recently Invested $400 Million to Transform Plant
  • Outparcel to Recently Redeveloped Kokomo Town Center Anchored by Gabe's and AMC Showplace 12
  • Across from Regional Power Center Anchored by Kohl's, TJ Maxx, Old Navy, Petco, and ULTA

Investment Overview

Marcus & Millichap is pleased to present the Chuck E Cheese's in Kokomo, IN.

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