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31583539
31583540

2401 E Center St, Warsaw, IN 46580 For Sale

Marcus & Millichap - Indianapolis
JK
IN RB14043752
Marcus & Millichap - Indianapolis
Listed by Marcus & Millichap - Indianapolis
$2,190,000
100 days on market
Updated 1 day ago

Beef-A-Roo

Details
Property Type Retail
Sub Type Convenience Store, QSR/Fast Food (+1)
Square Footage 3,200
Cap Rate 9.23%
NOI $202,097
Occupancy 100%
Tenancy Single
Brand/Tenant Beef-A-Roo
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 04/30/2044
Remaining Term 17.8
Rent Bumps Yes
Lease Options 4x5
Pro-Forma Cap Rate 12.92%
Pro-Forma NOI $282,985
Year Built 1970
Year Renovated 2026
Acreage 0.770
Investment Type Net Lease
Tenant Credit Corporate Guarantee, Franchisee
Lease Commencement 05/01/2024
Ground Lease No

9.23% Cap Rate | 18 Year Absolute NNN w/ 2% Annual Increases

Marketing description

The Klink Group of Marcus & Millichap is pleased to present for sale the Beef-A-Roo, a long-term, absolute NNN lease investment, in Warsaw, Indiana.

The offering represents an opportunity to acquire an absolute NNN-leased quick-service restaurant with 18 years of remaining term and zero landlord responsibilities. The tenant, Beef-A-Roo, Inc., operates under a proven and expanding Midwest concept, combining strong brand recognition with an aggressive growth strategy. The lease is structured with 2% annual rental increases throughout the base term and each of the four, five-year renewal option periods, providing investors with a reliable hedge against inflation and consistent income growth. The lease is backed by both a corporate guaranty from Elysian Capital during the lease term and a personal guaranty through 2029.

Investment highlights

  • 18 Years Remaining on Absolute NNN Lease-Tenant is responsible for all expenses at the property (Real Estate Taxes, Insurance, Roof, Structure and Parking Lot).
  • Annual Rental Escalators-2% annual rental increases during base term (12.92% Cap Rate @ Year 20) and throughout each four, five-year option renewal periods.
  • Lease is guaranteed by Elysian Capital (Private Equity) as well as Personal Guarantee (thru 2029).
  • Next to Hard-Corner, Signalized Intersection-Main corridor location and direct access to US-30 (+/-30,000 VPD), main highway that encircles Warsaw.
  • Strong Traffic & Retail Presence-Surrounded by various local, regional and national retailers and experiences +/-22,000 VPD.

Listing Contacts

Marcus & Millichap - Indianapolis
JK
IN RB14043752
Marcus & Millichap - Indianapolis
Listed by Marcus & Millichap - Indianapolis

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$202,097.00
$16,841.42/mo

Valuation Metrics

0
DSCR
9.23%
Cap Rate
9.23%
ROI

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Additional Information

Name
Richard Niewiadomski
License
RB21000331
Brokerage
Marcus & Millichap
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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