IHOP NNN Property For Sale — Mishawaka, IN
4114 North Main Street, Mishawaka, IN 46545
This IHOP property features a 25-year true NNN lease with a corporate guaranty, offering an attractive investment opportunity with no landlord responsibilities. The lease includes rental increases every five years. Situated in a high-traffic area, the property benefits from excellent visibility and a strong surrounding retail environment, including numerous national tenants and proximity to University Park Mall and Indian Ridge Plaza.
- Address: 4114 North Main Street, Mishawaka, IN 46545
- Asking price $2.55M
- 6.25% cap rate
- NOI $167,655
- 1 years remaining
- NNN lease
- Year built: 2002
- Building size: 5,105 SF
- Lease expiration: Sep 1, 2027
- Rent increases: Every 5 years
- Guarantor: Corporate
Location
This IHOP property is at 4114 North Main Street in Mishawaka, Indiana.
Asset type: Retail - Free Standing