Investment Overview

Marcus & Millichap is pleased to present the fee simple interest in the Biggby Coffee single tenant property in Mishawaka, Indiana. This Biggby Coffee was renovated for the tenant specifically for its premier location. The bite-size property comes with 10-year lease, with an easily-replaced annual rent of just $33,001. The absolute NNN lease offers landlords the ability to collect on their investment with minimal management; the tenant is responsible for all HVAC maintenance, roof repairs or replacement, common area maintenance, taxes, and insurance. Investors can expect a rare growing return with annual rent increases of 3+% in the initial term.. Positioned on the South side of E. McKinley Ave (US 20) puts the property in front of nearly 20,000 vehicles per day. The operator looks to harness the submarket’s continued blistering labor force expansion. The South Bend/ Elkhart economic corridor has led the nation in new job creation, adding 10,349 jobs through the first 8 months of 2022. Within 5 miles, investors will see strong average household income ($69,612) and dense population counts of 162,710 people. Investing in a single tenant Biggby Coffee in Mishawaka, Indiana, offers a compelling opportunity to secure a prime piece of real estate with a reputable and established brand. With its strategic location, long-term lease, and strong market dynamics, this investment has the potential to provide stable income, potential rental growth, and long-term appreciation in a thriving community.