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