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Restaurant

Biggby Coffee - Mishawaka

213 E McKinley Ave, Mishawaka, IN 46545

Listing Price: $565,156

Cap Rate
6.85%
Tenant Name
Biggby Coffee
Years Remaining On Lease
7.4
Guarantor
Personal Guarantee
Rentable SF
700
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$55.30

Investment Overview

This Biggby Coffee features a triple-net lease with 7.4 years of term remaining, offering investors stable income with minimal landlord responsibilities, as well as two percent annual rent increases. The lease is backed by a personal guarantee from a multi-unit operator. A drive-thru design ensures daily convenience, strong customer traffic, and long-term flexibility for future tenants.

The property enjoys prime frontage on Route 20/E McKinley Avenue with over 18,000 vehicles per day. It is just minutes from South Bend and Downtown Mishawaka, surrounded by more than 71,000 residents within three miles. Nearby demand drivers include John J. Young Middle School, Bethel University, and the University of Notre Dame, a nationally ranked institution with more than 13,000 students.

Situated on Mishawaka’s dominant retail corridor, the site is surrounded by leading national tenants including Kroger, Harbor Freight Tools, Walgreens, Planet Fitness, McDonald’s, and Wendy’s. Ongoing residential development in the area further strengthens consumer demand and positions this asset for long-term success.

Investment Highlights

  • 7.4 Years of Term Remaining on a Triple Net Lease
  • Drive-thru Location Supporting Strong Customer Convenience and Daily Traffic | Also Provides Flexibility for Future Tenants
  • Positioned Along Route 20 / E McKinley Avenue with 18,133 Vehicles per Day
  • 71,569 Residents within Three Miles of the Property
  • 4.4 Miles from the University of Notre Dame which Ranks #12 Nationally
  • Located in Mishawaka's Primary Retail Thoroughfare | Surrounding Tenants Include Kroger, Harbor Freight Tools, Walgreens, Home Outlet, Planet Fitness, McDonald's, Wendy's, Fazoli's, Dollar Tree, Jeep, Dodge, RAM, and Chevrolet

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Financing By

Restaurant

Biggby Coffee - Mishawaka

Listing Price: $565,156

Cap Rate
6.85%
Tenant Name
Biggby Coffee
Years Remaining On Lease
7.4
Guarantor
Personal Guarantee
Rentable SF
700
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$55.30

Investment Highlights

  • 7.4 Years of Term Remaining on a Triple Net Lease
  • Drive-thru Location Supporting Strong Customer Convenience and Daily Traffic | Also Provides Flexibility for Future Tenants
  • Positioned Along Route 20 / E McKinley Avenue with 18,133 Vehicles per Day
  • 71,569 Residents within Three Miles of the Property
  • 4.4 Miles from the University of Notre Dame which Ranks #12 Nationally
  • Located in Mishawaka's Primary Retail Thoroughfare | Surrounding Tenants Include Kroger, Harbor Freight Tools, Walgreens, Home Outlet, Planet Fitness, McDonald's, Wendy's, Fazoli's, Dollar Tree, Jeep, Dodge, RAM, and Chevrolet

Investment Overview

This Biggby Coffee features a triple-net lease with 7.4 years of term remaining, offering investors stable income with minimal landlord responsibilities, as well as two percent annual rent increases. The lease is backed by a personal guarantee from a multi-unit operator. A drive-thru design ensures daily convenience, strong customer traffic, and long-term flexibility for future tenants. The property enjoys prime frontage on Route 20/E McKinley Avenue with over 18,000 vehicles per day. It is just minutes from South Bend and Downtown Mishawaka, surrounded by more than 71,000 residents within three miles. Nearby demand drivers include John J. Young Middle School, Bethel University, and the University of Notre Dame, a nationally ranked institution with more than 13,000 students. Situated on Mishawaka’s dominant retail corridor, the site is surrounded by leading national tenants including Kroger, Harbor Freight Tools, Walgreens, Planet Fitness, McDonald’s, and Wendy’s. Ongoing residential development in the area further strengthens consumer demand and positions this asset for long-term success.

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

Financing By

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